ODSG to access N15.2b bond soon
By Josephine Oguntoyinbo
The Ondo State House of Assembly has been told how the N30 billion bond approved by the House was accessed and spent.
The Commissioner for Finance, Mr Wale Akinterinwa who appeared before the House at a plenary gave the details yesterday.
While addressing the House,the Commissioner thanked the Lawmakers for approving the bond.
Mr Akinterinwa noted that only N14.8 billion has been accessed out of the initial N30 billion raised.
He informed the House that the remaining N15. 2 billion would be accessed soon as the required documents have been perfected.
The Finance Commissioner noted that the initial sum of N14.8 billion was spent on ongoing projects such as the building of Teaching Hospitals in Akure and Ondo, the construction of Fly-over on Lagos- Benin expressway in Ore and the Ikare township road dualisation project.
Answering questions on why the House rehabilitation was not captured in the first tranche of the fund, the Commissioner who explained the technicality behind it pledged that the second tranche of N15.2 billion would capture the House rehabilitation project.