• Latest
  • Trending
  • All
Oyo Assembly Summons FERMA Director Over Non-completion of Repairs On Federal Roads

Oyo Assembly Receives Ajimobi’s Letter For £5m Loan Request For Tractors

September 20, 2017
ATISBO Chairman Urges Residents to Comply with Oyo Govt Curfew Order

ATISBO Chairman Urges Residents to Comply with Oyo Govt Curfew Order

June 24, 2026
Kamorudeen Yusuf: The Presidency’s Quiet Force Driving Youth Empowerment and Development

Kamorudeen Yusuf: The Presidency’s Quiet Force Driving Youth Empowerment and Development

June 24, 2026
Oyo Govt Steps Up Enforcement on Circular Road Ahead of Commissioning

Oyo Govt Steps Up Enforcement on Circular Road Ahead of Commissioning

June 24, 2026
Oyo Govt Sets For 2nd Phase Of Polio Vaccination Exercise For Children

JUST IN: Oyo Govt Declares 16-Hour Curfew in 10 LGAs Bordering Old Oyo National Park

June 23, 2026
Group Alleges Makinde’s Roads Deteriorating Faster Than FG Projects

Group Alleges Makinde’s Roads Deteriorating Faster Than FG Projects

June 23, 2026
Oyo Govt Sets For 2nd Phase Of Polio Vaccination Exercise For Children

Oyo Govt Urges Families to Claim Relatives’ Bodies in Mortuaries Within 7 Days

June 22, 2026
Ogbomoso Market Leaders Disown Faceless Group Over Attack on Babaloja General

Ogbomoso Market Leaders Disown Faceless Group Over Attack on Babaloja General

June 22, 2026
Killing The Deal: Bwala’s Ibadan Media Round Misadventure By Sulaimon Olanrewaju 

Killing The Deal: Bwala’s Ibadan Media Round Misadventure By Sulaimon Olanrewaju 

June 22, 2026
Oriyomi Hamzat Is Accord Candidate, Will Be Uploaded On INEC Portal – South-West Leader, Igbinsola

Oriyomi Hamzat Is Accord Candidate, Will Be Uploaded On INEC Portal – South-West Leader, Igbinsola

June 22, 2026
GSM, Oriyomi Hamzat And The Shape Of Things To Come By Abubakre Ajao

GSM, Oriyomi Hamzat And The Shape Of Things To Come By Abubakre Ajao

June 20, 2026
Oyo Govt Sets For 2nd Phase Of Polio Vaccination Exercise For Children

NDA Screening Test for Oyo Candidates Holds June 20, 2026

June 20, 2026
Oyo 2027: APM Unveils Ogbomoso-born Muftau Open Salawu as Deputy Guber Candidate

Open Salawu: Ogbomoso’s Pride and a Proven Running Mate By Oyedeji Ahmed

June 20, 2026
">
ADVERTISEMENT
  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today
Wednesday, June 24, 2026
  • Login
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview
No Result
View All Result
No Result
View All Result

Oyo Assembly Receives Ajimobi’s Letter For £5m Loan Request For Tractors

by InsideOyo
September 20, 2017
in Political News
0
Oyo Assembly Summons FERMA Director Over Non-completion of Repairs On Federal Roads

RelatedPosts

ATISBO Chairman Urges Residents to Comply with Oyo Govt Curfew Order

Oyo Govt Steps Up Enforcement on Circular Road Ahead of Commissioning

JUST IN: Oyo Govt Declares 16-Hour Curfew in 10 LGAs Bordering Old Oyo National Park

The Oyo State government is set to procure a £5 million loan for the purchase of tractors.

In a letter signed by Governor Abiola Ajimobi seeking approval of the state Assembly, it stated that the state desired the fund to purchase multipurpose tractors that would foster mechanised farming in the state.

ADVERTISEMENT

Speaker of the state Assembly, Honourable Michael Adeyemo, who read the letter at Tuesday’s plenary, explicated that the fund, when approved, would bolster the renewed agricultural initiatives of the state government.

Adeyemo said: “government is trying to look inwards by reviving the agricultural sector. We cannot improve the sector by continuing the use of manual labour or old farm implements and need to use mechanised tools like tractors. But many farmers may be unable to afford the cost of tractors. The government is trying to bring in multipurpose tractors that can be used for many activities on farm and enhance farm productivity.”

Following observations of some members on the need to know the repayment plan and tenure of the loan, the Assembly deferred approval till investigations by the joint house committee on agriculture and appropriation were done.

ADVERTISEMENT

Among others who commented, Honourable Olusegun Olaleye of Ibadan North 2 constituency had noted the imperative of questioning relevant Ministries, Departments and Agencies on terms and conditions attached to the loan.

Though he noted that the fund would revive the state’s agriculture sector, chairman, parliamentary caucus, Honourable Olusegun Ajanaku also supported the call for the house to scrutinise the request key before giving the executive the go ahead.

It would be recalled that the Governor Ajimobi government in 2013 distributed 16 tractors each to 20 agrarian local government areas, out of which 12 are to be leased out for farming purposes at about N4 million each, while four are for hire.

Owing to observations that those tractors might have grown wings, the Assembly had in May 2017 mandated the House Committee on local government and chieftaincy matters to investigate the tractors’ whereabouts and report to the Assembly, though yet to.

Nigerian Tribune reported that present and former chairmen and members of transition committees were to be questioned in the investigation towards retrieving the tractors from beneficiaries who had reneged, or neglected to fulfill their responsibilities on the tractors leased out to them.

Meanwhile, the Assembly, deliberating on a motion by chairman, committee on sports, Honourable Fatai Adesina, is to look into factors that culminated into the relegation of the state football team, Shooting Stars.

The House Committee is to investigate challenges of funding and probable privatisation of the club, and question management, players, accountant general, staff among others towards reviving the fortunes of the club.

In another motion by Honourable Muideen Olagunju of Oyo East/Oyo West constituency harped on the need for the state to harness her culture and tourism potentials, towards ensuring that it was a veritable avenue to boost her Internally Generated Revenue.

Share this:

  • Share on WhatsApp (Opens in new window) WhatsApp
  • Tweet
  • Share on Telegram (Opens in new window) Telegram
  • Share on Threads (Opens in new window) Threads
  • Email a link to a friend (Opens in new window) Email
  • Share on Bluesky (Opens in new window) Bluesky

Like this:

Like Loading…
Tags: Ajimobi request new loanGovernor Abiola AjimobiNigeria newsOyo debtOyo State House of AssemblyOyo state loanoyo state news
Previous Post

27-year-old Ex-Splash FM’s Radio Queen, Ifeoluwapo Adeniyi, Starts Ph.D

Next Post

NUT: Oyo, 12 Others States ‎Owe Teachers Salary Arrears

InsideOyo

InsideOyo

InsideOyo is an independent news medium for up-to-date events and happenings within and around Oyo state, Nigeria.

Related Posts

ATISBO Chairman Urges Residents to Comply with Oyo Govt Curfew Order

ATISBO Chairman Urges Residents to Comply with Oyo Govt Curfew Order

by Ayo Mukhail
June 24, 2026
0

The Chairman of Atisbo Local Government, Hon. Alade Bashir Olumuyiwa, has appealed to residents of the council area to cooperate...

Oyo Govt Steps Up Enforcement on Circular Road Ahead of Commissioning

Oyo Govt Steps Up Enforcement on Circular Road Ahead of Commissioning

by Deji Moore
June 24, 2026
0

The specialized task force set up by the Oyo State Government to ward off abuse of the Senator Rashidi Ladoja...

Oyo Govt Sets For 2nd Phase Of Polio Vaccination Exercise For Children

JUST IN: Oyo Govt Declares 16-Hour Curfew in 10 LGAs Bordering Old Oyo National Park

by Olayi Abide
June 23, 2026
0

Oyo State governor, ‘Seyi Makinde, has approved the declaration of a 16-hour curfew in 10 local government areas of the...

Group Alleges Makinde’s Roads Deteriorating Faster Than FG Projects

Group Alleges Makinde’s Roads Deteriorating Faster Than FG Projects

by Ayo Mukhail
June 23, 2026
0

An advocacy group, the Oyo Development Forum (ODF), has compared road projects executed by Oyo State Governor, Seyi Makinde, with...

Next Post
NUT: Oyo, 12 Others States ‎Owe Teachers Salary Arrears

NUT: Oyo, 12 Others States ‎Owe Teachers Salary Arrears

Please login to join discussion

Are YOU in distress? Call Oyo State Emergency Number NOW!!!

oyo State Emergency Number

Click to download InsideOyo.com App

Join Our WhatsApp Group

Copyright © 2025 Inside Media

Navigate Site

  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview

Copyright © 2025 Inside Media

%d