Ogun Assembly Approves N10bn Infrastructure Intervention Fund | Independent Newspapers Limited
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Ogun Assembly Approves N10bn Infrastructure Intervention Fund

Posted: Oct 14, 2015 at 1:33 pm   /   by   /   comments (0)

Laide Raheem, Abeokuta

Ogun State House of Assembly has given approval to the state government to access a N10 billion special infrastructural intervention fund from the Central Bank of Nigeria.

The Speaker, Suraj Adekunbi read Governor Ibikunle Amosun’s message during plenary in Abeokuta seeking for the approval.

He informed the House that it was a follow up to the restructuring of commercial bank loans and salary bail-out scheme.

Adekunbi added only five states in the country were given the opportunity to access the fund and Ogun was one of them.

Hon. Adeyinka Mafe, the Majority Leader, moved the motion that the House should grant approval to the executive to access the fund and it was seconded by Hon. Olusesan Soyebo.

Opening debate on the fund, Mafe said that the importance of the fund could not be underestimated, adding that the Federal Government should be commended for the intervention.

The lawmaker noted that people had witnessed stoppage in the infrastructural development in the state because of non-availability of fund.

He said that it was a good opportunity for the state to key into the infrastructural intervention fund corroborating that only five states qualified for the fund in the country.

Mafe, however, remarked that the fund would address a lot of on-going road construction in the state urging the House Committee on Roads and infrastructural development to monitor and ensure the fund is strictly used for infrastructure.

In their contributions, Messers Akinpelu Aina, Dare Kadiri, Isreal Jolaosho, Jemili Akingbade, Oluomo Olakunle and Mrs. Yetunde Sogbehin, advised the state government to use the fund for its specific purpose.

The lawmakers who charged the state government to also address the issue of rural roads, called on the state government to ensure that all the 20 local governments and the 26 constituencies benefit from the infrastructural projects.