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Monday, September 20, 2021

ODSG to access N15.2b bond soon

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.

The Hope Owena Presshttp://www.thehopenewspaper.com
Owena Press Limited (Publisher of The Hope Newspaper), Akure

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