The Oyo State Executive Council just approved the issuance of 100 billion Naira private Bond named the “Oyo Prosperity Bond.”
The Bond was released to facilitate the infrastructural and economic development of the state.
Dr. Wasiu Olatunbosun, the Oyo State Commissioner for Information, Culture, and Tourism, disclosed this information in Ibadan.
Olatunbosun said that the 100 billion Naira fund will be split in half. Fifty billion Naira will go to the construction of 50 km Iseyin-Ogbomoso Road, the Ibadan circular Ring Road, and the airport upgrade in Ibadan.
The funds will also be used for the development of the Ibadan drypoint and railway corridor, which would serve as an economic hub of the state.
The Commissioner further disclosed that the state would develop one government hospital in each senatorial district of the state.
