Oyo Governor Extends Subsidized Transportation, Eases Loan for Farmers

Governor Seyi Makinde of Oyo State has prolonged the state’s subsidized transport program for an additional six months to help lower transportation expenses for residents.

 He also revealed modifications to the agricultural credit loan guarantor system, enabling community associations, farmers’ groups, and artisanal associations, alongside civil servants, to act as guarantors for farmers.

This was disclosed in a state broadcast delivered by the governor on Tuesday, October 1, to mark Nigeria’s 64th Independence Day.

Makinde announced that the transport subsidy, a component of the state’s Sustainable Action for Economic Recovery (SAfER) program, will now cover subsidies for trucks used to transport agricultural products. This program was first introduced in August 2023, initially deploying 30 buses in Ibadan, with 16 more buses subsequently added to other key towns.

During his address, Makinde stated, “On this Independence Day, our government reaffirms its dedication to making choices that prioritize the welfare of the people of Oyo State.”

Regarding loan guarantees, he mentioned that “the guarantors for small loans to agripreneurs via the Agricultural Credit Corporation of Oyo State will expand beyond just civil servants to also include Community Development Associations (CDAs), farmers’ associations, and artisans’ associations.”

He assured residents that the government remains dedicated to enhancing democratic institutions and maintaining state security throughout the festivities. He emphasized, “You may notice more security personnel during your celebrations. There’s no need for concern—they are present to protect you and ensure a peaceful celebration.”

He urged everyone to concentrate on coming together, stating, “This is not the moment to highlight our differences. Instead, we should cling to what brings us together—our common identity, culture, and history.”

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