Politics
APC berates Makinde, Oyo Assembly over fresh N20b loan
The All Progressives Congress in Oyo state has condemned, in strong terms, the express approval obtained by Governor Seyi Makinde from the state lawmakers to draw a fresh twenty billion naira “infrastructure loan” from a named commercial bank describing the development as a sour grape in the mouth of the people
Oyo state government announced on Tuesday that it had got the nod of the state house of assembly to obtain another loan of 20 billion naira from a local commercial bank as the facility would be spent on infrastructure.
Further details regarding the terms of the loan and the project(s) attached to it were, however, not contained in the information released to the public by the government.
But the opposition APC said, in a statement made available to journalists in Ibadan on Wednesday by its Assistant Publicity Secretary, Prince Ayobami Adejumo, that the development was a clear manifestation of the PDP administration’s resolve to subject the state to bankruptcy and thus bring it down to her knees in no time while the governor and a few people within the corridor of power must have succeeded in enriching themselves and some private institutions where they have interest.
“It is no longer news that the administration of Gov. Makinde has failed to sustain the legacy of prudent and accountable management of resources it inherited from Senator Abiola Ajimobi who left power about a year ago but not without myriads of achievements in his entire eight years in office as the helmsman. In less than a year, the table has turned for the bad as what the people of Oyo state experience at the moment is a government without direction.
“The whole world was again taken aback on Tuesday when it was reported that Gov. Makinde was to get another fresh loan of N20b which was even tied to anything concrete. That brought the sum total of loan facilities already taken, in about 11 months, to over N40b. The previous being a N10b Infrastructure Loan, N7.6b Agricultural Loan purportedly for the upgrade of two farm settlements in Akufo and Eruwa and another N2.5b Health Loan. All this happened at the same period when monthly federal allocations, refunds from federal government, monetary grants and donations came in simultaneously and without anything to show for it.
“It is recalled the camp of Engr. Seyi Makinde was popular for sponsoring incessant propaganda against the administration of Sen. Ajimobi between 2016 and early 2019 as it kept misleading the public over the state’s debt profile which they maliciously put at over N150b. However, a simple check from the Debt Management Office (DMO) indicated that the state debt profile at that time was N90b with evident heavy spending on recurrent expenditure, infrastructure, job creation, security, poverty alleviation and so on.
“It was in the same mode of propaganda and deceit that Engr. Makinde stated during his 2019 electioneering that if he became the governor of Oyo state, he would improve the economy of the state such that in just six months salaries and pensions would be paid without relying on monthly handouts from Abuja or loan facilities. Unfortunately, this is a year after his inauguration and only God knows how much he has paid to banks in interests to sustain the statutory obligation of payments to workers and pensioners.
“Up till today, Gov. Makinde is still commissioning key projects put in place by his predecessor (Sen. Ajimobi) while he has never done convincing on the few ones he plans to do on his own. Now, our concern is that Gov. Makinde may be out to plunge the state into life-threatening debt without any tangible thing to show after his four year tenure.
“More importantly, we are calling on the state house of assembly to grow from being active only when there are loan request or fresh appointments to approve by being responsive to their constitutional duties which include checkmating the governor on the issue of financial recklessness and high handedness.” APC stated.
The All Progressives Congress (APC) in Oyo State has called on Governor Seyi Makinde to resign immediately, alleging that his recent remarks on state security exposed incompetence and an inability to lead.
Governor Makinde, speaking during his acceptance speech as the Presidential candidate of the Allied Peoples Movement (APM) in Ibadan on Saturday, lamented that he could do little to rescue abducted school children and residents in Oriire Local Government Area due to all security structures being under federal control.
Reacting, APC State Publicity Secretary, Olawale Sadare, described the governor’s comments as “the height of cluelessness, insincerity, and criminal ineptitude,” warning that such disclosures reflect a dangerous trend among parochial leaders.
Sadare said, “Engr. Seyi Makinde could not find any fault in the nation’s Constitution, yet he swore twice to protect lives and properties of Oyo people. He has long enjoyed the powers of his office, controlling resources and people without challenge, but now faces a serious test, exposing incompetence, cluelessness, and ego.”
He added, “Instead of addressing security challenges, Makinde is exploiting the situation to push a mirage he calls a presidential ambition in 2027. His insensitive comments once again reveal hypocrisy. It is time he quit the office of the governor, having admitted he lacks the capacity to secure the state.”
The APC also recalled that previous governors, including Alhaji Lam Adesina, Senator Rashidi Ladoja, Chief Adebayo Alao-Akala, and the late Sen. Abiola Ajimobi, operated under the same constitutional provisions without similar security failures. Sadare particularly praised Ajimobi for establishing a Security Trust Fund to ensure funding and stakeholder involvement in security, in contrast to the current administration.
“Makinde’s presidential ambition is dead on arrival. Our concern is the continued loss, deprivation, and mismanagement the people of Oyo may suffer in the remaining year of his tenure. The state deserves a team player, a sincere and humble governor — qualities Makinde has failed to demonstrate in seven years. He should apologise and step down,” Sadare concluded.
Oyo State Governor, Seyi Makinde, on Saturday emerged as the presidential candidate of the Allied Peoples Movement (APM) for the 2027 general election following the conclusion of the party’s presidential nomination process.
Makinde emerged through consensus and affirmation by party delegates during the exercise, in what party leaders described as a demonstration of unity and confidence in his leadership ahead of the next general elections.
The governor was presented with his Certificate of Return by the National Chairman of the APM, Alhaji Yusuf Dantali, during a ceremony held in Ibadan, the Oyo State capital, amid cheers from party faithful, delegates and supporters drawn from different parts of the country.
Speaking during the presentation, Dantali said Makinde possesses the leadership qualities, administrative experience and vision required to steer the country towards sustainable growth and national development.
He urged party members across the federation to close ranks and intensify grassroots mobilisation to ensure victory for the party in the 2027 presidential election.
The APM national chairman maintained that the party remained committed to presenting Nigerians with what he described as a credible alternative capable of addressing the country’s economic, security and governance challenges.
According to him, the emergence of Makinde as the party’s flag bearer marked the beginning of a new political movement aimed at restoring hope and strengthening democratic governance in the country.
In his acceptance speech, Governor Makinde expressed appreciation to the leadership of the party and delegates for the confidence reposed in him, pledging to work with stakeholders across political, ethnic and religious divides to advance the party’s vision for national transformation.
The governor assured party supporters of his commitment to inclusive leadership, promising to prioritise policies that would improve economic prosperity, strengthen institutions and enhance the welfare of Nigerians if elected.
Five key members of the All Progressives Congress (APC) in Oyo State have been appointed to the party’s campaign committee for the 2026 governorship re-election of Governor Abiodun Oyebanji in Ekiti State.
The Oyo APC leaders on the list include the party’s governorship candidate, Sharafadeen Abiodun Alli, former Senate leader Teslim Folarin, Minister of Youth and Sports Development, Sunday Dare, Zacch Adedeji, and Remi Oseni.
The list, signed by the party’s National Secretary, Sen. Ajibola Basiru, reflects the APC’s strategy of deploying experienced political figures with strong grassroots networks to ensure a successful re-election campaign in Ekiti.
“These appointments recognise their political experience and commitment to advancing the party’s agenda,” the source within the party said.
The APC committee is expected to coordinate campaign activities, voter engagement, and messaging, positioning the party for a strong showing in the 2026 governorship election.
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