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‘We have reached agreement with FG to construct Oyo-Iseyin road’ – Makinde
Governor ‘Seyi Makinde of Oyo State, on Friday, said that preliminary works have begun on the planned Iseyin-Ogbomoso road.
The governor, who stated this in Iseyin, while attending the 8th Day Fidau prayer of the mother of the State Chairman of the Peoples Democratic Party (PDP), Alhaji Omokunmi Mustapha, added that his administration will ensure the road is completed before the end of his tenure.
He said that survey works on the new road have already begun, adding that the new road designed to connect Iseyin to Ogbomoso will boost the economic expansion drive of his administration.
A statement by the Chief Press Secretary to the governor, Mr. Taiwo Adisa, also quoted the governor as saying that the state has also reached an agreement with the Federal Government to construct the Oyo-Iseyin road.
He stated that his government will go ahead with the construction despite the Federal Government’s position that it would not repay the state if it constructs the federal road.
Governor Makinde, to the excitement of the crowd of well-wishers and residents of Iseyin, also declared that his administration will, in the next six weeks, announce the situation of a tertiary institution in the town in line with his promise during the electioneering period.
The statement further indicated that the governor eulogised the late mother of the PDP chairman, Alhaja Nimotallah Alake Olayiwola, stating that she lived an enviable life.
The governor said that only an individual that is blessed by God could live up to 118, as he prayed to God for a long life for her children and those in attendance.
He said: “We want to thank God for Mama’s life and we are here today to celebrate her life. But as a government, we would like to say one or two things. On my way here, I had to time myself when we left Ibadan. From the roundabout in Iseyin here to where the construction of Moniya-Iseyin road stopped is just a 20-minute drive.
“What that means is that by the time they are done, we won’t be spending more than seven minutes to reach that road. And if we add those seven minutes to the minutes one will spend from Ibadan, it means Ibadan to Iseyin won’t exceed 45 minutes.”
Speaking on the readiness of the state government to construct the Iseyin-Oyo road, Governor Makinde said that the state has reached an agreement with the Federal Government to construct the road, saying: “We have formally agreed with the Federal Government to construct the road from Iseyin to Oyo but they wrote in the document that the road belongs to the Federal Government.
“They said if we construct it, they won’t return the money but I told them that they should put whatever money we spend on the road in record, as a government that will refund the money to Oyo State might come into place one day.
“I am also pleased to tell you that survey works have begun on the road that will lead to Ogbomoso from Iseyin. Some are saying we should begin the road construction from Iseyin to Ogbomoso but, by the grace of God, we will not only start it, but we will also complete it in this administration.”
The governor also used the occasion to charge residents of the state on the need to take the issue of security more seriously, stating that security is everybody’s business.
He added that the introduction of the Peace and Security Committee in all local government areas, which will include religious leaders, traditional institution leaders and all stakeholders will help to stem the tide of insecurity in the state.
“Apart from the prayers that you have been praying for us, I also want to urge you to take the issue of security very seriously. Our security is in our hands. We all know what happened recently in Ibarapa and the Oke-Ogun axis.
“There is nothing that is happening in our environment that you are not aware of. If any stranger or visitor enters any environment now, you will see them. So, what we are saying, in essence, is, if you see something, say something to the government. Let us come together and fix the issue of insecurity in our land,” the governor added.
In his response, renowned lawyer and Senior Advocate of Nigeria, Barr. Ahmed Raji (SAN), while giving a vote of thanks, described Governor Makinde as a man of his words, praying to God to uplift him.
“Your Excellency, we want to thank you for three things. First, we want to appreciate you for coming here with your entourage. Secondly, we thank you for the road projects you have embarked on and the promise you have made to continue to construct more roads.
“The third is the commitment on the establishment of a tertiary institution in Iseyin. You told me one on one that you will bring a higher institution to Iseyin and, today, you have declared it, may God reward you abundantly.
“No matter how long you stay in office, you will leave one day but the prayer we have is that God should lift you higher. We really thank you. Oyo State will not witness retrogression under your tenure. You are a promise-keeper. And whoever makes promises and keeps it is who we want at the top.”
Similarly, the Chief Imam of Iseyinland, Alhaji Abdulhakim Olayori, commended the governor for doing well in terms of infrastructure and other aspects of life, saying the governor’s good works are showing and that the people want him to continue the good works for eight years.
“You are doing well; we are seeing your works. You have given us good roads in Iseyin but we want you to also give us a higher institution of learning.
“When someone is doing something good, we tell him to continue. Your works are showing; we want you to continue for eight years,” the Imam said.
The event had in attendance top functionaries of the Oyo State Government, including the Deputy Governor of the state, Engr. Rauf Olaniyan; Speaker of the Oyo State House of Assembly, Rt. Hon. Adebo Ogundoyin, and members of the House of Assembly; Chief of Staff to the Governor, Chief Bisi Ilaka, among others.
Top politicians and chieftains of the PDP in attendance include Senator Gbenga Babalola, former Chief of Staff to the Oyo State governor, Dr. Saka Balogun, Chief Sunday Ogunlade, members of the Oyo PDP State Working Committee, former Oyo North Senatorial chairman of the PDP, Alhaji Yakubu Oladoja, Oyo North Senatorial chairman of the PDP, Alhaji Waheed Oluwakemi, PDP chairmen at the local government levels, among others.
President Bola Tinubu has sworn in Vice Admiral Ibok-ete Ibas (rtd.) as the Sole Administrator of Rivers State, following a brief meeting at the Presidential Villa on Wednesday afternoon.
Ibas’ appointment comes a day after Tinubu, in a nationwide broadcast, declared a state of emergency in Rivers State and suspended Governor Siminalayi Fubara, Deputy Governor Ngozi Odu, and all members of the Rivers State House of Assembly.
The President cited Section 305 of the 1999 Constitution as the legal basis for his action, stating that he could no longer stand by as the political crisis in the state escalated.
However, the suspension of Fubara and other elected officials has sparked widespread condemnation. Former Vice President Atiku Abubakar, Labour Party’s Peter Obi, senior lawyer Femi Falana (SAN), the Peoples Democratic Party (PDP), the Nigerian Bar Association (NBA), and several civil society groups have rejected the move, describing it as unconstitutional and undemocratic.
In contrast, the pro-Nyesom Wike faction of the Rivers State Assembly, led by Martins Amaewhule, has praised Tinubu’s decision, accusing Fubara of disregarding a Supreme Court ruling related to the state’s political crisis.
Vice Admiral Ibas, a retired naval officer, previously served as Chief of Naval Staff from 2015 to 2021 under President Muhammadu Buhari. Born in Cross River State, he attended the Nigerian Defence Academy in 1979 and went on to have a distinguished military career, rising to the highest ranks in the Navy.
He is a member of the Nigerian Institute of International Affairs (NIIA) and the Nigerian Institute of Management. In 2022, Buhari conferred upon him the national honour of Commander of the Federal Republic (CFR) in recognition of his service.
Ibas now assumes leadership of Rivers State amid a deeply divided political landscape, with tensions running high over the legality and implications of the emergency rule.
The Federation Accounts Allocation Committee (FAAC) disbursements to the federal, state, and local governments surged by 43 per cent in 2024, reflecting a major boost in government revenue inflows.
According to the latest FAAC Quarterly Review released in Abuja on Tuesday, the Nigerian Extractive Industry Transparency Initiative (NEITI) disclosed that a total of N15.26 trillion was allocated to the three tiers of government within the year under review.
NEITI’s Acting Director, Communication & Stakeholders Management, Obiageli Onuorah, described the disbursements as a historic high, noting that the allocations surpassed previous years by a remarkable margin.
Key Drivers of Revenue Growth
The report attributed the surge in FAAC disbursements to sustained fiscal reforms by the Federal Government, particularly the removal of fuel subsidies and foreign exchange rate adjustments. These policies have significantly boosted oil revenue remittances and overall government earnings.
Speaking at the official release of the report in Abuja, NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, highlighted the impact of these reforms on national and subnational finances. He noted that the withdrawal of fuel subsidies in mid-2023 reshaped revenue distribution and affected debt repayment deductions from state allocations.
Dr Orji stated that the objective of the report was to assess the sustainability of government borrowing, the fiscal implications of resource dependence, and the economic realities confronting states benefitting from the 13% derivation revenue from oil, gas, and solid minerals.
“The analysis focused on crude oil revenue derivation states, as solid minerals continue to underperform despite their significant potential,” he added.
Breakdown of FAAC Allocations
According to the NEITI report, FAAC disbursements in 2024 were as follows:
Federal Government: N4.95 trillion
State Governments: N5.81 trillion
Local Governments: N3.77 trillion
Total FAAC Disbursement (Including Derivation Revenue): N15.26 trillion
State governments recorded the highest percentage increase in allocations, jumping by 62% from N3.58 trillion in 2023 to N5.81 trillion in 2024. Local government councils saw a 47% increase, while the federal government’s share rose by 24% from N3.99 trillion in 2023.
The report highlighted that FAAC allocations grew by 66.2% over three years, rising from N9.18 trillion in 2022 to N10.9 trillion in 2023 and N15.26 trillion in 2024, with the most significant leap occurring between 2023 and 2024.
Economic Risks and Challenges
Despite the revenue boost, NEITI cautioned that economic risks associated with fiscal reforms must be managed effectively. Key risks identified include:
Inflationary pressures
Possible rise in debt servicing costs
Fiscal uncertainty for oil-dependent states
The agency urged governments at all levels to adopt innovative measures to cushion the impact of these economic challenges.
State-by-State Allocation Analysis
Lagos received the highest FAAC allocation in 2024, with N531.1 billion, followed by:
Delta State: N450.4 billion
Rivers State: N349.9 billion
Conversely, the least allocations went to:
Nasarawa State: N108.3 billion
Ebonyi State: N110 billion
Ekiti State: N111.9 billion
The report also showed that six states—Lagos, Rivers, Bayelsa, Akwa Ibom, Delta, and Kano—each received over N200 billion, collectively accounting for 33% of total state allocations. Meanwhile, the six lowest-receiving states—Yobe, Gombe, Kwara, Ekiti, Ebonyi, and Nasarawa—received only 11.5% of total allocations.
Debt Deductions Raise Fiscal Concerns
A total of N800 billion was deducted from states’ allocations for foreign debt servicing and contractual obligations, representing 12.3% of total state allocations.
Lagos State had the highest debt deduction, with N164.7 billion, followed by:
Kaduna State: N51.2 billion
Rivers State: N38.6 billion
Bauchi State: N37.2 billion
NEITI warned that many states with high debt burdens were among the lower FAAC recipients, raising concerns about debt sustainability and overall fiscal health.
With the federal and state governments increasingly reliant on oil revenue, the report emphasized the need for economic diversification, stronger financial management, and sustainable debt practices to ensure long-term fiscal stability.
Ido Local Government chapter of the All Progressives Congress (APC), Oyo State has congratulated the lawmaker representing Ibarapa East/Ido Federal Constituency, Engr. Aderemi Oseni, on his conferment as a Fellow of the Nigerian Society of Engineers (FNSE).
In a statement signed by the APC Ido LG Secretary, Engr. Ebenezer Olatiilu, the party described the recognition as a pivotal milestone in the lawmaker’s professional journey, acknowledging his contributions to engineering excellence and community development.
“This noble recognition is a testament to your unwavering dedication to the advancement of engineering practices, your exemplary leadership, and your commitment to the moral, spiritual, and political upliftment of our communities,” the statement read.
The party also highlighted Oseni’s influence in politics, noting his strategic insight and deep understanding of governance, which have earned him widespread admiration within Oyo State and beyond.
It further commended his role as Chairman of the House Committee on the Federal Roads Maintenance Agency (FERMA), stating that his leadership continues to shape progressive governance in Ido LG, his federal constituency, and Oyo State.
The party described the FNSE conferment as a blessing to the local government and Oyo State’s political landscape, praying for wisdom, good health, and strength for Oseni to continue his service with excellence.
“May this new chapter bring greater achievements and divine favour,” the statement concluded.
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