News
How did Ibadan and Oyo state become this peaceful? – Olusoji Akinloye.
IF you knew Oyo state, and indeed Ibadan, before now, you would have no choice but feel compelled by objectivity to write about the transformation that has occurred in the security sector of the state; It is just too impressive to ignore, and this is no farce.
15 months ago, after many years of service in Lagos, I was promoted and transferred to head the branch of my company in Ibadan. I declined it immediately. In fact, I was ready to resign. The major reason, was my experience with the high rate of insecurity in the city of Ibadan and Oyo state as a whole, while I was growing up as a young adult. Robbery and crime were always reported in droves; hardly a week went by without reports of thugs and hooligans unleashing terror on residents, or engaging in needless wars that claimed lives and destroyed properties; mayhem was a staple at major city centers.
I was a happy man when I left 10 years ago and there was no way I would move my family back there for work’s sake, or so I thought. Still, I decided to discuss with some friends who still lived in Ibadan and other parts of Oyo state. Thus, partly out of curiosity, and a need to preserve my means of livelihood in order to be able to continue putting food on the table, after so many quiet prayers were said, I decided to take the plunge.
While I was considering this move, I had made up my mind to be security conscious, and to do whatever it will take to protect my family, even to the extent of hiring private security, if need be; having lost a close friend, who was president of the Nigerian Medical Association at the time, to one of such violent outbursts in Iwo road some years ago, I was determined to leave nothing to chance.
My perception about insecurity in Oyo state was steeply rooted in that nasty experience and other sentiments that I couldn’t just shrug off. It was that bad.
However, I couldn’t have been more wrong! Months down the line, my paranoia about the security situation in Oyo state and Ibadan in particular has been impressively doused. I am proud to say that, not only have things improved, it is largely compelling and almost unbelievable.
Driving through Molete could now be hitch free? I coild now be around Iwo road past 7pm? Bere-Oje axis now rid of crime and marauding urchins? Incredible! I shared my surprise with a few of my colleagues, and they laughed at how paranoid I was.
They unanimously conceded that the present Abiola Ajimobi-led administration seemed to understand the challenges when it came in, judging by the pragmatic way it chose to tackle the menace of insecurity, a feat past administrations had unsuccessfully struggled with. In fact, I came across this comment attributed to the Commissioner Of Police in Oyo State, where he too was profuse in appreciation of the new and secure state of Oyo.
Hear him: “There are peculiarities of each state but basically one state is not much different from another; we work for the environment to work and Oyo state, since I came in here, has been very peaceful; it is one of the most peaceful states in the country”.
This comment above further cemented my new found thoughts about the security of Oyo state, and totally quelled my fears. Anyone who is even remotely familiar with Ibadan and Oyo state, will admit that this is indeed a great achievement, especially considering the crime-infested past.
I have always insisted that governance in Nigeria is not rocket-science, and that, when an administration is serious about getting something done, it would only take deploying the right strategy with the right intent, executed most importantly, by the right people; I am happy to say that the Ajimobi administration has proved me right.
Without a shadow of doubt, this is what the Ajimobi administration has achieved so obviously in Oyo state, and we must all give kudos to whom it is due.
Olusoji Akinloye, a Banker from Bodija, Ibadan, Oyo state writes.
The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.
The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.
Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.
He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.
“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.
Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.
While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.
Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.
He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”
Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.
He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”
Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.
The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.
This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.
In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.
“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.
As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.
-
Opinion4 days agoTinubu’s Naira Miracle: Abracadabra or Economic Wizardry? | By Adeniyi Olowofela
-
Politics4 days ago
Why Oyo State cannot afford another 3 years of Makinde’s mismanagement of council funds
-
News1 week ago
FERMA House C’ttee Chair, Oseni Consoles Sen. Buhari over mum’s death
-
Politics1 week ago
APC Urges Fairness in Oyo LG Election
