• Thursday, May 30, 2024
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Oyo converts 129 to permanent staff, invests N691m in Wema bank shares

Oyo assembly approves Makinde’s request to access N10bn counterpart fund

Governor Seyi Makinde of Oyo State has approved the regularisation and integration of 129 floating staff members of the defunct Oyo State Agricultural Development Programme (OYSADEP) into the mainstream of the State Civil Service.

The re-absorbed 129 staff will henceforth enjoy their promotions and other entitlements for civil servants.

Dotun Oyelade, the Commissioner for Information, who stated this at a media briefing after the Executive Council Meeting held at the Governor’s Office in Ibadan, said that Governor Makinde, by this action, was consistent with his attitude of empathy for the civil servants who have procedural, legal or other issues with the system.

He recalled that in the past four and a half years, scores of civil servants had been re-absorbed into the service to correct the insensitivity of past administrations.

Speaking also at the briefing, Musibau Babatunde, Commissioner for Budget and Economic Planning, said that the State Executive Council had approved the sum of ₦691 million to be invested in the Wema Bank Right Issuance Programme.

According to him, many states are preoccupied with obtaining loans, whereas Oyo is one of the rare states that is investing in the future of the State.

He said this investment would help the state government prepare for and secure the financial future of the state, adding that the council had approved the $10 billion facility to provide counterpart funding for World Bank-assisted projects in the state.

He said the funding would assist the state government as a marching grant to access some of the World Bank programmes which are focused on the socio-economic wellbeing of residents of the state.

Also, Daud Sangodoyin, the Commissioner for Public Works and Transport, said the State Executive Council had approved the sum of ₦ 3.5 billion for the clearing of the 36.7km Northeast segment of Sen. Rashidi Ladoja Ibadan circular road.