‘Makinde Can’t Borrow His Way To Presidency’ — Alli’s Camp
The Senator Sharafadeen Alli Campaign Organisation (SSACO) has criticised Governor Seyi Makinde over plans to secure a fresh ₦100 billion loan, describing the move as fiscally irresponsible as his administration approaches its final months.
In a statement signed by its Director of Media and Publicity, Bisi Oladele, the organisation alleged that the proposed borrowing could mortgage the state’s future and burden the incoming administration.
SSACO questioned the timing of the loan, arguing that the government had barely seven months left in office and should prioritise responsible financial management.
It alleged that the borrowing was politically motivated and intended to support Makinde’s presidential ambition and succession plans ahead of the 2027 elections, rather than address pressing developmental needs.
“We are convinced that this N100 billion loan is not about building roads, improving hospitals, strengthening education or creating jobs,” the statement said.
The campaign organisation also criticised the Oyo State House of Assembly for approving the borrowing request, accusing lawmakers of failing to subject the proposal to sufficient public scrutiny.
It maintained that legislative approval did not automatically establish the economic justification or public benefit of a loan.
SSACO further warned that the state’s borrowing capacity should not be used to finance partisan political interests, adding that the next administration should be able to examine questionable financial commitments through lawful processes.
“He cannot borrow his way into the presidency, neither can he borrow his preferred candidate into the Government House in Agodi,” the organisation said.
The group urged Makinde to abandon what it described as reckless borrowing and ensure that he hands over a financially viable state in May 2027.
The allegations are SSACO’s position on the proposed loan; the statement did not provide documentary evidence establishing that the borrowing would fund electioneering activities.
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