The Oyo State Executive Council, presided over by Governor Seyi Makinde, has approved ₦26.76 billion for additional works on the upgrade of the Samuel Ladoke Akintola Airport, Ibadan. The cabinet also approved a ₦3 billion interest-free loan for an indigenous cassava factory in Ado-Awaye to support 25,000 farmers, ₦2.46 billion in additional equity for Oyo Sugar and Derivatives Industries Limited in Iseyin, ₦2.90 billion for the construction of the 4km Idi-Igba/Akinmorin Road in Ilora, and endorsed a €55 million French-backed loan for the modular construction and equipping of primary and emergency healthcare centers.
Degraded transport infrastructure, unreliable regional airports, and weak access to credit limit agricultural processing and discourage commercial investments. Investing in airport upgrades, providing interest-free credit to local agro-processing factories, and expanding primary healthcare infrastructure through international loans allow the state to lower transport costs, boost agricultural exports, and improve clinical emergency responses.
These capital and fiscal approvals demonstrate a highly disciplined approach to economic diversification, public finance management, and infrastructure planning. By combining direct private sector agricultural support with bilateral sovereign loans, the administration builds the institutional capacity needed to sustain long-term economic growth.
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