The Oyo State Government has disclosed that the N30 billion released by the Federal Government as part of the intervention fund approved for the January 2024 Bodija explosion in Ibadan has remained untouched about two years after the tragic incident.
The government also revealed that the Federal Government is yet to release the outstanding N20 billion balance from the N50 billion approved to support the reconstruction of Old Bodija and its environs following the January 16, 2024 explosion.
In a press statement issued on Thursday by Professor Musibau Babatunde, Hon. Commissioner for Budget and Economic Planning, and Prince Dotun Oyelade, Hon. Commissioner for Information, the state government disclosed that the whole N30 billion lies untouched in the Oyo State Government Infrastructure Support Account number 2045199879 with First Bank.
The state government explained that it deliberately refrained from accessing the funds because the remaining N20 billion was being withheld by relevant federal agencies, without any official explanation.
The statement reads:
“Following the unfortunate explosion tha
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