Governor, State of Osun, Ogbeni Rauf Aregbesola, has disclosed that his administration’s decision sourcing loans to finance educational sector in the state was in the best interest of generality.
Aregbesola who stated this at Ipetumodu, headquarters of Ife-North Local Government Area of Osun State during the official commissioning of St. Augustine Government Elementary School, located in Ipetumodu lashed out at critics against the decision.
He said that our administration consulted widely on how to take state education sector to vantage position ahead of its contemporaries especially in the area of infrastructural facilities adding that the resolve of the government to source for loan was in best interest of the state.
He stressed, “Obtaining loans to fund some of our capital projects was in the best interest of the people in Osun. Our desire is to place the state at a vantage position ahead its contemporaries, regarding infrastructural development.
“We have chosen to build modern schools’ structures with expectation that our children can be given the hope of a better future and not just any school that lack quality and durability”.
Aregbesola who spoke in Yoruba language said, “Some people had built schools in the past. But our policy was thorough and purposeful, bearing in mind the future of our youth. If we were to build these schools today, borrowing money with current exchange rate of over N360 per dollar, we would have spent double of what we use to build this educational facility.”
Source: Osun Government Online News
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