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Showing posts from July 29, 2020

Why We Are Taking Loans To Reposition Oyo For Economic Growth--Makinde

Oyo State Governor, Engineer Seyi Makinde, on Wednesday, explained that his administration's determination to fix the huge infrastructure deficit in the state and get the state on the right track for economic growth was behind the move to secure loans that target key infrastructure. He added that the problem with loans is not in taking them, but in the way they are utilised, noting that with the extant economic reality in the state, it would be difficult for the state to get out of its infrastructure crisis and be well-placed to attract investments, without taking loans targeted at developing key infrastructure.  A statement by the Chief Press Secretary to the governor, Mr. Taiwo Adisa, indicated that the governor stated these during the signing of the reviewed 2020 Budget from N213 Billion to N174 Billion into law. The governor explained that in the revised 2020 budget, N65.2 Billion has been earmarked for capital projects while N108.9 Billion is for recurrent expendi

Awotan Dumpsite: Consultant Applauds Makinde's Plan To Tap Into Renewable Energy

Environmental Consultant and CEO, Macpresse West Africa Limited, Mr. Idowu Salawu has commended plans by the Oyo State Government to tap into renewable energy sources, such that it will come from utilization of land fill gas from Awotan dumpsite. Mr. Idowu Salawu stated this while speaking with newsmen on the potentials embedded in the 12.5 Hectare of land where the dumpsite is located in Ibadan. He added that revitalisation, rebuilding and reforming processes at the dumpsite, after completion, would develop Oyo State’s electricity supply chain, if the State partners with a Solar Energy company. Salawu further said tapping into the renewable energy potentials of the dumpsite would be a good support for the Federal Government’s off-grid power supply in the State. He added that this will bring in more electricity supply to Oyo State. He added that, "the decision to tap into the solar and landfill gas, as the end use of the dumpsite is the best decision, because th