Oyo Govt Denies ₦300 Billion Loan Allegations, Slams APC Lawmaker

Oyo State Government refuted claims by APC lawmaker Ibrahim Shittu regarding a purported ₦300 billion loan, labeling the allegations as reckless and mischievous. The government clarified that no such loan was taken, emphasizing responsible financial management practices.

The statement from the Special Adviser to the Governor highlighted a refinancing strategy rather than new borrowing to ensure project completion without straining government finances. The administration criticized the lawmaker for misleading the public and provided a detailed breakdown of FAAC allocation increases under the current government compared to the previous APC-led administration.