Seyi Makinde’s N20 billion loan request by the House of Assembly has been condemned The All Progressives Congress (APC) in Oyo State.
The state is obtaining the loan from First Bank Nigeria. It is aimed at building infrastructures, the governor said. But the APC described the development as a sour grape in the mouth of the people. It said the government failed to release details, including terms of the loan and the projects to the public.
The party accused Makinde’s administration of having obtained over N40 billion loan within 11 months, warning against plunging the state into bankruptcy.
In a statement by its Assistant Publicity Secretary, Prince Ayobami Adejumo, yesterday, APC said that the development was a manifestation of the Peoples Democratic Party (PDP) administration’s resolve to subject the state to bankruptcy, thus bringing it down to her knees in no time, while the governor and a few people within the corridor of power must have succeeded in enriching themselves and some private institutions where they have interest.