Ondo Assembly Approves N50bn Bond, N702m Facility
Ondo State House of Assembly has approved the request by the state government to access a N50 billion bond to facilitate infrastructural development of the state.
Olajide said the approval was done as part of the House’s support for government to successfully implement infrastructural projects, noting that the bond when accessed would accelerate the development of the state.According to the House, the first tranche of N30 billion would be accessed now, while the balance of N20 billion would be accessed later.
With the passage of the executive bill, tertiary institutions workers in the professorial cadre would now retire at the age of 75, while other category of workers, teaching and non- teaching would have to retire at the age of 65.
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