Oyo State Government Denies N300bn Loan Allegations Amid Political Dispute

The Oyo State Government, led by Governor Seyi Makinde, denies allegations by the All Progressives Congress (APC) of securing a new N300 billion loan. The government clarifies that the financial arrangement was approved by the state House of Assembly for refinancing purposes, reducing repayment burdens and funding infrastructure projects.

The APC lawmaker's claims of a secret loan approval during recess are refuted by the Assembly. This dispute highlights the ongoing political tensions in Oyo State.