Oyo hasn't borrowed a dime in 2 years - Ajimobi
The second half of the Governor Abiola Ajimobi administration in Oyo State was on Friday heralded with prayers, with the governor declaring that his government, despite the huge number of projects being undertaken by it, had not borrowed a single naira from any quarters in the last two years.
The governor spoke at an inter-faith service organized to mark the second anniversary of his administration at The Remembrance Arcade, Government House, Agodi, Ibadan.
According to the governor, this was achieved through his administration's financial engineering and deft management of government's meager resources.
The service witnessed the assemblage of traditional rulers, eminent personalities, opinion leaders, members of the state executive councils, the legislators, judicial officers, market men and women, politicians as well as Islamic and Christian religious leaders who led prayers for the state and the government.
Governor Ajimobi, who assessed his administration in the last two years and gave himself pass mark, said that the contracts awarded by his government included construction of roads and road dualization, bridges, motor parks, neighbourhood markets and other development projects.
Interestingly, the governor said that his government had not borrow a dime to execute those projects, all of which he said had changed the face of the state.
“I am happy to inform you all that in spite of all the projects that we have executed and are still executing, Oyo is one of the three out of the 36 states in Nigeria that has not taken any loan,'' he said.
The governor also said that the remaining part of his administration would be devoted to the construction of N52 billion 108-kilometre Ibadan Circular Road with development corridors, mass housing schemes, logistics centres, cargo airport and two five-star hotels, one of which is already being constructed.