The Oyo State Government, through the Oyo State Rural Water and Sanitation Agency (OYRUWASSA), and the Nigerian Union of Teachers, l microfinance institution, Oke Bola, signed a memorandum of understanding on the revolving loan for sanitation.
The event attended by representatives of the United Nations Children’s Fund (UNICEF) took place, at the office of the President of OYRUWASSA, on Thursday in Ibadan, the capital of Oyo State.
The loan is one of the measures aimed at achieving freedom from open defecation in the two selected pilot local government areas – Egbeda and Ona Ara.
Recall that earlier, the Chairman of OYRUWASSA, Engineer Najeem Omirinde, said Governor Seyi Makinde had approved 40 million naira as counterpart funds for the revolving loan for sanitation, adding that UNICEF had disbursed its own 40 million for the two local government areas.
He said that the money will be placed in the Microfinance Bank where interested people can approach to obtain a loan for the construction of TOILET without interest.
With this, a total sum of N80 million will be made available to residents of the two local government areas for the construction or completion of sanitation facilities to achieve open defecation.
Attending the event were President OYRUWASSA, Engineer Najeem Omirinde, UNICEF Water Specialist for the South West, Mr. Monday Johnson, Chairman of NUT Oyo Micro Finance Bank, MD, NUT Oke Bola Ibadan, Directorate and Agency, Director of Environment of Egbeda and Ona Ara Local Government Areas and others.