The state of Oyo is set to recieve a $6 million grant from the World Bank in a bid to augment the state’s socio economic development drive.
The leader of the World bank implementation mission on Youth Employment and social support programme Professor Foluso Okumadewa stated this during a courtesy call on Oyo state Governor, Senator Abiola Ajimobi at the Governor’s office Agodi Ibadan.
He said, “We want to commend you for your commitment, enthusiasm and strong determination for the development of Oyo State as demonstrated through your will in all intervention with which the World Bank had supported the state, we will to continue work with you so that the of Oyo state will benefit more in the next year of administration.”
Furthermore, he added that the continuous support from the World Bank to Oyo State will continue owing to the policy of the state to to create employment opportunities for the youth and improve the social welfare of the people.
Okumadewa also revealed that in the last six years the World Bank had supported the state with over 1billion Naira while over 500,000 people have benefitted from the World Bank projects from all the 33 local Government councils in the state.
In his remarks the Oyo state Governor, Senator Abiola Ajimobi craved for the partnership of the World Bank in mechanized farming noting that Oyo state has better agricultural advantages than other states in the South West.
Governor Ajimobi also initiated a negotiation for increase in counterpart funding in an attempt to reconcile the Oyo State YES’O project to theWorld Bank Youth Employment and Social Support project.