Oyo state is technically bankrupt – Gov. Makinde laments
Governor Seyi Makinde of Oyo State on Tuesday declared that the state is technically bankrupt.
He said the situation is so critical that, if the state was to be a private entity, he won’t lend a dime to the state government but would advise them to start winding up proceedings. Makinde said, “When I came in, we were looking for ways to keep the government running because technically the government of Oyo state is bankrupt. If I take it as a private entity, I won’t lend a dime to the government of Oyo state. I will ask them to start winding up proceedings. So, we have been looking for ways to keep the government running. We have been beaming our searchlight on areas we can get money.
“The Agbowo shopping complex in front of the university is an eyesore. It is a lot of money that was sunk in there and we are not getting any value. As a matter of fact, that structure is a security threat to the university community.
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