55 million Euros Makinde’s New Loan To Be Paid Back In 40 Years With 0.0009 Interest Rate
Oyo State government has signed a twin memorandum of understanding, MOU, with the French government.
The twin memorandum of understanding was signed between the Oyo State government and French Authorities, at the Executive Chamber of the Governor’s office, Secretariat, Ibadan.
The MOU is to improve Healthcare services and reaffirm a common desire to promote the French language in the educational system in the state.
Speaking at the signing-in event, Governor Seyi Makinde, who explained that aside from English, French is also an international language, maintained it was not out of place to promote the language in the state.
According to Governor Makinde, the relationship would boost commerce and labor growth development, while the concessionaire loan would be used for the upgrading of Adeoyo General Hospital and all the general hospitals across the geopolitical zones of the state.
Earlier, the French Ambassador to Nigeria, Mrs. Emmanuelle Blatmann, who revealed that the concessionaire loan was the first in three decades ago from the French government to Nigeria, added that the development would help in the provision of quality healthcare services, and qualitative education, and enhanced globalization.
Earlier, the Attorney General and Commissioner for Justice in Oyo state, Professor Oyelowo Oyewo, said the concessionaire loan of 55 million Euros acquired from the French government for the healthcare initiative, would be paid back in 40 years with an interest rate of 0.0009 Percentage.
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