Ondo Lawmakers Give Akeredolu Go Ahead To Access N50bn Bond

Ondo Lawmakers Give Akeredolu Go Ahead To Access N50bn Bond

Member of the Ondo State House of Assembly have approved the request of Governor Rotimi Akeredolu to access a N50bn bond.

Governor Akeredolu had earlier sought the support of the lawmakers to borrow the funds to facilitate some infrastructural development in the state.

READ ALSO:  Gunmen kill Police Inspector, made away with rifle in Ondo

The Ondo House of Assembly gave the approval on Thursday during their sitting in Akure, the state capital.

Chairman, House Committee on Finance and Appropriation, Sunday Olajide, disclosed this to journalists.

Olajide said the bond will come in two tranches, adding that N30bn will be accessed now.

Also, the lawmakers passed a bill seeking to amend the retirement age for workers in the state’s tertiary institutions.

READ ALSO:  Afenifere calls for inquiry into Ondo explosion

ND REPORTERS gathered that those to benefit from the amendment include workers in state-owned tertiary institutions, teaching hospital, research institutes, and colleges of education.

Share
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.