Governor of the state, Senator Ibikunle Amosun disclosed this when he received a delegation of the World Bank in government house, Abeokuta, the Ogun State capital.
The loan, according to Amosun, would help create a system-driven environment for business, needed for better welfare of citizens and good governance.
He said his administration would do everything possible to secure the loan, saying the incoming administration already had the support needed to enhance good governance.
He urged the bank’s team to fast-track the process for its final approval.
Igbere TV reports that Amosun had, similarly, appointed over 1,000 workers into the state’s Civil Service and promoted 5,000 others barely a month to the end of his tenure.
He will hand over to Dapo Abiodun, the governor-elect, on May 29.