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Oyo Debt: Makinde’s Tenure Ends May 2027, But Who Pays the Loans? .........Analyst seeks publication of loan agreements, repayment schedules, debt profile within 24 hours

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Oyo Debt : Makinde’s Tenure Ends May 2027 , But Who Pays the Loans? .........Analyst seeks publication of loan agreements, repayment schedules, debt profile within 24 hours A public analyst, Adebisi Adeyemo , has called on the Oyo State Government to disclose details of its recent borrowing arrangements, raising concerns about the financial obligations that may extend beyond Governor Seyi Makinde’s administration . Adeyemo’s call follows the reported approval by the Oyo State House of Assembly on October 21, 2026, of a fresh ₦100bn loan request by the governor from United Bank for Africa , alongside a ₦300bn facility to refinance an existing contractors’ financing arrangement with Access Bank . He noted that while the ₦300bn facility represents the refinancing of an existing obligation rather than entirely new borrowing, the reported arrangement would reduce the interest rate from 26 per cent to 22 per cent. He added that the fresh ₦100bn loan reportedly carries an interest rate of 2...