CBN Supports Oyo With Infrastructure

  • CBN Supports Oyo With Infrastructure

The Central Bank of Nigeria has handed over a library, blocks of lecture rooms and administrative buildings to the Oyo State Government as part of its support for education in the state.

The buildings, which will be used by the state’s Technical University, comprise e-library with space for 500 students, 10 offices and other facilities.

The bank’s Branch Controller, Lagos State, Mr. Omebere Iyari, commended the state government for establishing the institution, saying that the initiative would revolutionise technical skills development and education in the country.

He explained that the intervention had shown that the CBN had gone beyond monetary and fiscal policies, stressing that the bank had a lot of intervention in education, agriculture and other sectors of the economy.

The buildings were received from the CBN on behalf of the state government by the Secretary to Oyo State Government, Mr. Olalekan Alli; the Pro-Chancellor of TechU, Ibadan, Prof. Oladapo Afolabi; the state’s Commissioner for Education, Science and Technology, Prof. Adeniyi Olowofela; Commissioner for Finance, Mr. Abimbola Adekanmbi; Commissioner for Information, Culture and Tourism, Mr. Toye Arulogun; and other top government officials.

While expressing the state’s appreciation for the CBN gesture and intervention, the SSG assured the CBN that the infrastructure would be put to adequate use.

He said, “We appreciate the efforts of the apex bank to support and develop our education sector. The CBN has shown that education is key to the development of the country. We thank the management of the bank for this gesture.”

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

Be the first to comment on "CBN Supports Oyo With Infrastructure"

Leave a comment

Your email address will not be published.