The Oyo State House of Assembly has approved the request of Governor Ajimobi to access the Federal Government N14.16 billion bailout fund.
The approval was given at an emergency plenary session of the Assembly yesterday,
presided over by the Speaker, Hon. Michael Adeyemo.
Hon. Adeyemo said from the bailout fund
totalling N14.16 billion, a sum
of N1.39 billion would be paid
monthly for the first three
months, while N1.11 billion
would be paid monthly in the
subsequent nine months.
The speaker explained that the bailout fund would be paid back to
the Federal Government by the
state with nine per cent
accrued over a period of one year.
0 comments:
Post a Comment