GOVERNOR ADEBAYO ALAO-AKALA'S ADMINISTRATION  HAS NOT CONTRACTED ANY FOREIGN LOAN SINCE ITS INCEPTION.

Contrary to reports credited to some national daily newspapers, the Oyo State Government under the leadership of Governor Adebayo Alao-Akala has not contracted any foreign loan since its inception.

The State Commissioner for Finance, Chief Bayo Bankole disclosed this yesterday in Ibadan while briefing the press at the end of the State Executive Council meeting.

According to the Commissioner, the last time a foreign loan was obtained by the State Government was in 2004 under the administration of Governor Rashidi Ladoja.

He explained that the incumbent government has continued to service the loan monthly to the tune of over N142 million despite the fact that it did not obtain the loan.

The Commissioner said that the past administration then made several attempts to effect a reduction on the amount required to be paid on the loan stressing that the present government had not relented in servicing the loan appropriately.

He said that it was unfair for any individual or group to insinuate that the present administration was mortgaging the future of the people as contained in the newspaper reports, adding that the present administration would not engage in any act that could endanger the future of the State and the people.

Also, briefing the press, the State Commissioner for Commerce and Cooperative, Dr. Kola Balogun express government displeasure with slow pace of work on the Iwo Road – Olodo dualisation, Odo – Ona Elewe and Agugu Gbaremu poultry extension road project.

He said that the contractor handling the road project had been given Two weeks within which to show significant improvement on the project or face the decisive action from the government.

In his remark, the state Commissioner for Environment Alhaji Aborode Majekodunmi said that the state government had taken delivery of One Hundred skip bins which he said will be deployed to strategic locations, while the twenty roll-on trucks procured by the government would be put to use by the end of the week as part of the government to keep the state clean.

He also added that the State Government has approved over 60 million naira to Ibadan North Local Government chairman to evacuate heap of refuse at Bodija market abattoir in its drive to ensure a healthier and cleaner environment with the market.