Ogun Assembly Gives Nod to Participation in CBN Credit Facility

The Ogun State House of Assembly has granted the state governor’s request to participate in the 1.5 billion naira CBN credit facility to finance  the Anchor Borrowers Programme at a single digit interest rate. 

The approval was sequel to the passage of a resolution moved by the Majority Leader, Mr Yusuf Sheriff, seconded by  Mrs Sikirat Ajibola and supported by the whole House through a voice vote at a plenary presided over by Speaker Olakunle Oluomo. 

Other lawmakers who spoke on the explained that the state’s access to the CBN coordinated programme would create employment opportunities, boost food security through improved farming activities as farmers would be provided with fertilizers, seedlings and modern farming mechanisms.

Meanwhile, the Speaker, Ogun State House of Assembly, Mr Olakunle Oluomo has attributed the performance of the ninth Assembly in the state to the existing mutual understanding and support among the lawmakers as well as the staff of the Assembly. 

The harmonious relationship, according to Mr Oluomo, has yielded the passage of 7 bills in the first 100 days of inauguration of the ninth Assembly. 

Mr Oluomo was addressing the state legislature in commemoration of the first 100 days of the inauguration of the ninth Assembly as well as the affirmation of his election and that of three other members of the House by the election petitions tribunal, in Abeokuta.

Some lawmakers including, Mr Solomon Osho and Mr Adegoke Adeyanju while speaking with Radio Nigeria in Abeokuta said the victory at the tribunal was a clear demonstration of the wish of the electorate.

The Ogun State ninth Assembly, which was constituted on the 10th of June, 2019 had so far passed 7 bills including Ogun State Road Management Agency, OGROMA, Security Trust Fund and the Moshood Abiola Polytechnic Amendment Bill 2019. 

Others are Ogun State Legislative Fund Law, 2019, Investment Promotion and Facilitation Agency Law, 2019, Magistrates’ Court, Amendment Law ,2019 and Customary Courts, Amendment Law,2019.


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