Oyo State Governor, Engr Seyi Makinde, has said his administration has completed 307 projects in the Education Sector, while 236 others are on-going, within its first year in office.
The Governor, in a State-wide address aired on the Broadcasting Corporation of Oyo State (BCOS), on Friday, May 29, 2020, also expressed the confidence that, going by the performance of his administration in its first year in Office, the future is, indeed, bright for the State.
Governor Makinde, in a statement signed by his Chief Press Secretary, appreciated residents of the State for the trust they have reposed in his administration; urged the people to keep supporting the administration, with view to making the best decisions for their overall good.
He noted that in one year, he has remained focused on the goal of developing the State; adding that in line with his promise to build on the programmes of past administrations that were structured properly, his administration has, so far, completed 239 projects awarded by the previous administration in the education sector, as well as 68 others awarded by his Government.
Governor Makinde, who maintained that despite the ravaging COVID-19 pandemic, his administration has remained focused and it has leveraged the setback to improve the health care system; imploring residents of the State to keep following the directives of the State COVID-19 Task Force on social distancing, wearing of face masks and proper hygiene practices.
On the State’ economy, Governor Makinde maintained that there had been incremental changes in the State’s Internally Generated Revenue, IGR, following the introduction of a new IGR framework in November 2019, noting that between December 2019 and February 2020, the State’s IGR figures had been between 2.43 Billion Naira and 2.7 Billion Naira.
In the area of Security, the Governor said the administration is building a security architecture that the people of Oyo State would be proud of, explaining that aside working with Federal Security Agencies by providing equipment and vehicles, the signing of the Oyo State Security Network Agency (Amotekun) Bill 2019 into law to complement the efforts of the Federal Security Agencies was part of the administration’s innovations to ensure adequate security in Oyo State.
He noted that all these were being done to ensure that funds are constantly being injected into the State’s economy, thus, benefiting both the formal and informal sectors.
Governor Makinde, however, said upon the realization that for more capital projects to be realised, the State would need to spend more, it had to take loans, which were strategically thought-out and targeted at capital projects.
He explained that the State only borrowed money for priority projects that would boost the economy, adding that the loans were being taken with “aggressively negotiated terms and conditions” and that the State had only borrowed in Naira, which “means that our loan repayments will not be subject to the fluctuations of foreign exchange.”
The Governor also took time to explain why the administration has been unable to meet its promise on Ikere Gorge Dam, saying, though the administration had high hopes to boost fishery, the dam has been given to private concessionaires by the Federal Government.
He assured that the State was already in discussions with the Infrastructure Concession Regulatory Commission (ICRC) to ensure that Oyo State’s interest is factored into the arrangement.