Oyo State Governor, Engineer Seyi Makinde says accessing the 1.68% Development of Natural Resources Fund (DNRF) aimed at revamping, revitalizing and repositioning the State’s economy would help his administration in developing the state.

He stated this when he received a delegation from the Revenue Mobilisation Allocation and Fiscal Commission, led by the Chairman, Fiscal Efficiency and Budget Committee, Alhaji Adamu Shettima Yuguda at Government House, Ibadan, Oyo State.

 Governor Makinde said the fund would be injected into the development of tourism, solid mineral resources and trade through infrastructure for the betterment of the state and set legacy for coming administration.

Speaking with the newsmen, the Chairman, Fiscal Efficiency and Budget Committee, Alhaji Adamu Shettima Yuguda promised that the Committee under his tutelage would ensure fairness.

Alhaji Yuguda explained that the visit was part of the requirements for accessing the requested funds noting that the aim of the fund was to achieve resource diversification and provide alternative source of revenue to all not only to the Federal Government but the other two tiers of Government.

It would be recalled Governor Makinde led government had  on 25th August, 2021, requested the sum of one hundred and twelve billion, three hundred and fifty million naira (N112,350,000,000.00) from the 1.68% Development of Natural Resources Fund (DNRF).

Iyabo Adebisi

pub-5160901092443552

Related Posts

Leave a Reply

Your email address will not be published.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