The Oyo State government has said it has chosen the development option of the Public-Private Partnership (PPP), through which it has attracted foreign direct investment, as well as local investment for the transformation of the state economy, in view of the apparent inadequacy of the monthly federal allocation from Abuja in financing envisioned projects.The state governor, Senator Abiola Ajimobi, disclosed this on Thursday, at a reception organised for him by the Central Council of Ibadan Indigenes (CCII), held at the Civic Centre, Idi-Ape, Ibadan.
He disclosed that his administration was already discussing with officials of the Nigeria Railway Corporation (NRC) to explore the construction of a rail track from Ibadan to Lagos, so as to boost train services and movement of goods within and outside the state.
He also told the gathering that the state was working on a plan that would see a direct gas pipeline link to the state from Lagos, to improve electricity supply in the state.
The governor said with an average monthly revenue of N4 billion, it would be difficult for his administration to implement the lofty projects he had outlined for the benefit of the people of the state, stressing the need to explore other sources for project financing.
While commending the council for honouring him and describing the honour as a call to greater achievements, he solicited continued support from the people of the state for his government, in its effort to reposition and restore the glory of the state to its pacesetting status.
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