N50bn bond obtained from stock market not for re-election – Akeredolu
Governor of Ondo State, Oluwarotimi Akeredolu, has made it clear that the N50 billion bond obtained from the stock market isn’t meant for his re-election into office, but to further fund the capital projects in the state.
This revelation was made known by the honourable Commissioner for Information and Orientation, Donald Ojogo.
“The governor didn’t take loan or bond to win his election in 2016. The people freely gave him their mandate, so he can’t take a loan to do any reelection. Disregard opposition, the opposition will always talk, it is part of their job to talk.
“We all know that the money would not be paid into the government’s purse but it will be used to fund all these ongoing and new capital projects directly.” Ojogo stated.
Meanwhile, the state government is yet to conduct its local government elections. Ojogo further explained that, “Even the court process coincides with the general election. Shortly after that there were agitations and the governor felt the best way to bring governance and development closer to the people is to create the LCDA.
“”If you now conduct the local government elections before you go ahead to create the LCDA, it will definitely distort a substantial part of the process.”
Business and Lifestyle Editor at Wheel NG