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Oyo Govt Takes Step To Put State On Debt Less Economy

The Acting Governor of Oyo State, Chief Bayo Lawal says the present government is poised to operate a balanced budgeting system that would ensure the state thrived on a debt-less economy upon implementation.

He said this at a stakeholders consultative meeting on the 2023 budget held at the International Conference Centre, University of Ibadan.

In a keynote address, the acting Governor explained that beyond setting direction for the 2023 budget, the consultative forum would also enable government note the concerns and challenges of the people to facilitate all round development

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The acting governor said public opinion and support was needed to galvanize good governance noting that the current administration remained committed to ensuring the state operates on a debtless economy

Earlier, the Commissioner for Budget and Economic Planning, Professor Musibau Babatunde said it was necessary to consult with the people before allocating resources to properly situate developmental projects.

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Professor Babatunde added that with the significant increase in the state GDP, Oyo has begun moving to prosperity to thoroughly situate developmental projects,

In their seperate goodwill messages, CSO and NGOs called for institutionalizing the stakeholders meeting as budget belong to the people

High point of the event was the presentation of various citizens’ needs by representatives from other sectors of the society.

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