OYO: My Administration Will Retrieve Billions Of Stolen Funds – Makinde

Oyo State governor, Engr Seyi Makinde, has said that his administration was ready to retrieve the billions of the state’s funds looted by officials of the previous administration.
The governor who made the vow while kick-starting the construction of the 21km Ajia-Airport-New Ife Expressway road, in Ajia town, said his administration was ready to put measures in place to retrieve all looted funds to develop the state’s infrastructure.
The 21-kilometre Airport-Ajia-New Ife Express Road, with spur to Amuloko, was awarded to Messrs Peculiar Ultimate Concerns Ltd, at a total cost of Eight Billion, Five Hundred and Twenty Million, Nine Hundred and Nineteen Thousand, Seven Hundred and Seventy-Six Naira, Forty-One Kobo (N8,520,919,776.41).
According to the Governor, unlike the previous government, which, he said, preoccupied itself with how to corner state’s funds on a daily basis, his administration would drastically reduce the infrastructure deficit in the state within the shortest possible time.
He added that it’s only in doing so that the state can be positioned on the path of economic growth.
A statement by the chief press secretary to Governor Makinde, Mr. Taiwo Adisa, quoted the governor as saying that the 21-kilometre road construction being launched was a product of the administration’s strategic way of reducing the state’s infrastructure deficit, which is known as the Alternative Project Funding Approach (APFA).
He said, “Our administration means business. We will drastically reduce the infrastructure deficit in Oyo State in the shortest possible time. And this is how economies worka investors will only go where they can be assured of profits. If we do not develop basic infrastructure like roads, it will affect the cost of production which, in turn, means less profit for investors”.