Economy

Gov. Abiodun Seeks Approval Of N83.5Billion Loan From Budget Committee

Ogun State Governor, Prince Dapo Abiodun has sought the speedy approval of the N83.5 billion loan requested from the 1.68 percent Development of Natural Resources Fund from the Revenue Mobilisation Allocation and Fiscal Commission.

Governor Abiodun stated this in Oke Mosan Abeokuta while playing host to members of Fiscal Efficiency and Budget Committee of
Revenue Mobilisation Allocation and Fiscal Commission,
led by its chairman, Alhaji Adamu Dibal.

Governor Abiodun who said if approved the loan would be used to boost agriculture and tourism, pointed out
that the release of the fund would help to diversify the state’s economy as well as complete the ongoing construction of the Agro Cargo Airport.

He also noted that Ogun has abundant mineral resources including limestone and granite, saying part of the fund would be used to address the problem of environmental degradation arising from the mining sites to ensure the safety of the residents.

Ealier, the Chairman of the Commission, Alhaji Adamu Dibal explained that the fund would assit all tiers of government in diversifying their economy base towards creating alternative sources of revenue and reducing dependence on oil revenues.

Bolanle Adesida

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *