Fertilizer fund: Ogun reduces loan request

Governor Ibikunle Amosun of Ogun State

Ogun state house of assembly has approved the request of Governor Ibikunle Amosun to now access N2 billion credit under the Federal Government special fertilizer intervention programme, instead of the N4 billion to buy fertilizer for farmers in the state.

Instead of the N4 billion that Amosun requested for to buy 40,000 metric tonnes of fertilizer, he now asks the Assembly to approve N2 billion for 20,000 metric tonnes of the commodity.

Finance commissioner, Wale Osinowo, during a meeting with Assembly’s committee of whole house, announced the cut in the proposed purchase 40,000 metric tonnes of fertilizers to 20,000, as well as the proposed N4 billon credit facility to N2 billion.

The commissioner also told the committee that the state government intends to take delivery of the first batch of 10,000 metric tonnes of the commodity by March, and be sold at N5, 500 per 50 kilogrammes against the market price of N7, 000.

The house approved the new request, following a motion raised by the Deputy Speaker, Kunle Oluomo, during plenary, after the adoption of the report of the Assembly committee of the whole house

Meanwhile, the Assembly has received another bill from the governor seeking to provide remuneration for political officer holders in the state’s 20 local governments and 37 local council development areas.

Also, the bill seeking to amend the Olabisi Onabanjo University, Ago Iwoye law 2001, passed through the first reading at the plenary of the Assembly.

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