The Labour Party (LP), Ogun state chapter, has urged the National Assembly to carefully examine and refuse what it terms ”frivolous loans” proposals by state governors.
The party, which noted that state governors were fond of requesting for such loans, however, lauded the House and Senate Committees on Aids, Loan and Debt Management, for allegedly refusing the $350m loan proposal by the Ogun state government.
The state chairman of LP, Arabambi Abayomi, who stated this while addressing journalists in Abeokuta, the state capital, maintained that often times, such loans were not attached to ”specific projects”.
”Such thorough and oversight function exhibited recently by the NASS, regarding the alleged frivolous loan proposals, had helped to stop some state governments and other agencies from getting away with what could have turned out to be an outright questionable financial obligations,” he added.
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