Economy Environment

We Execute Developmental Project Without Loans: Oyetola

Governor Adegboyega Oyetola of Osun State says his administration has not borrowed a kobo to execute different developmental projects ongoing in the state.


Governor Oyetola stated this while hosting journalists at his residence in his hometown, Iragbiji the headquarters of Boripe Local Government Area of Osun State. 


He explained that rather than taking the option of borrowing,he had been creative to adopt the Alternative Contract Financing Scheme, which enjoined contractors to put their money into projects while the government refund them in installment.


The Governor said, despite paucity of fund in the state, he was committed to the reconstruction and rehabilitation of strategic roads in the state, particularly those connecting communities.


He also spoke on the slow progress of the Amotekun Security network in the state, while he however gave assurance that the security outfit would soon embark on recruitment exercise and take off well. 


Adenitan Akinola

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