Oyo’s Debt Dilemma: Alao Criticizes Makinde’s Borrowing Policies
An All Progressives Congress (APC) chieftain in Oyo State and former gubernatorial aspirant, Engineer Oyedele Hakeem Alao (Allow Alao), has raised concerns over Governor Seyi Makinde’s frequent loan requests, warning that the growing debt burden could jeopardize the future of the state.
Alao in a statement by his Media Office expressed his apprehensions in the light of the significant increase in Oyo State’s debt profile under the administration of Governor Makinde.
According to him, since the removal of petroleum subsidy by the present administration of President Bola Tinubu, the money accruing to the states has tripled, stating that there is nothing on ground to justify that Governor Makinde has spent the windfall justifiably needless taking humongous loan.
The Asiwaju of Iroko...