Connect with us

News

Ajimobi tasks stakeholders on Agric Development

Published

on

Governor of Oyo State, Senator Abiola Ajimobi on Thursday called on Agricultural Research Institutes and other stakeholders to come up with innovative and proactive ideas that will enhance Agriculture development in the country, disclosing that the 28,454 arable land areas in the state remain as a veritable investment destination for local and global investors.

Governor Ajimobi, who spoke at the State Agriculture Investment Summit and Exhibition held at the Conference Centre, International Institute of Tropical Agriculture (IITA), Ibadan, said that the present administration in the state is very focused on the development of agriculture, reiterating that the importance of agriculture in nation building cannot be overemphasized.

He said that the summit with the theme: “Transforming Oyo State’s Agriculture and Agro-Allied Industry: Private Sector Participation,” was very apt at a time that the country is looking for a permanent solution to the problem of food insecurity, unemployment and retard in rural development as well as obsolete technology in our great nation.

The governor said, “It gladdens my heart that this summit is holding today and I am more delighted to note that though the State parades a lot of research institutions, this is the first attempt to synergize with the leading agro-based research institute in tropical Africa – IITA, from which we expect tremendous and realistic support and outcome.

ALSO READ  Oyo 2019: Olaosebikan, Tegbe, Adelabu in close chase for APC guber ticket

“It must therefore be noted that once we succeed particularly by ensuring a demand driven solution, we would have consolidated our mission. This summit became imperative in order to bridge the gap among farmers, processors, agro allied industries, Government, agricultural/commercial banks and other stakeholders with the ultimate aim to trigger the Oyo State’s agro and agro allied sectors,” Senator Ajimobi said.

The Governor said that the state government has made modest efforts to buttress its unflinching commitment and determination for further agricultural development including the exploitation of value addition in the agricultural chain in Oyo State.

He said that the state government has developed twenty five (25) years Oyo State Agriculture road map as well as nine agro industrial parks in our forest reserves, saying that the state has a realistic Agricultural Land policy of 250,000Ha which provides for allocation of various hectares to individuals, groups and corporate Bodies for farming.

Sen. Ajimobi said that the State Government through the State Government Agricultural Initiative (OYSAI) has produced 750 metric tons of maize, 865 metric tons of cassava, adding that there was collaboration with the Dangote Group for massive Rice production.

He noted that the present administration in the state has distributed 7.5 million latest hybrids of cocoa, maize and cashew seedlings to farmers for free as well as the provision of infrastructure for Extension Officers to strengthen extension service delivery to rural farmers.

ALSO READ  FG renames FUNAI after Alex Ekwueme

The Governor said that the state government has engaged in the  procurement of 388 tractors and matching implements for mechanized farming; procurement and distribution of over 10,000 metric tons of assorted fertilizers and agro chemicals yearly at highly subsidized rates to farmers, establishment of linkage between Primary producers and processors (integrated value chain process), disbursement of over one billion naira loan to farmers to enhance farming activities in the State and collaboration with FGN and International Development Partners/Agencies for further infrastructural development.

In his remarks, the Deputy Director of IITA, Dr. Kenton Dashiell called for motivation of Agro dealers to create opportunities for private investors in the agriculture sector.

In his address, the state Commissioner for Agriculture, Natural Resources and Rural Development, Prince Oyewole Oyewumi said that Agriculture is no longer being practiced for private consumption but now a major enterprise that drives the economy of developed countries

He said this necessitated the reason why the state government commenced investigation on how agriculture could be used to benefit the industries.

Comments

News

Senate Approves Tinubu’s $500m Loan for Power Sector Boost

Published

on

By

The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

ALSO READ  FG renames FUNAI after Alex Ekwueme

 

Continue Reading

News

Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

Published

on

By

In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

ALSO READ  Oyo approves rehabilitation of Ibadan-Iseyin road, others for 7bn

Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

Continue Reading

News

EFCC calls on banks’ compliance officers to uphold confidentiality

Published

on

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

ALSO READ  Auto crash left 34-year-old Ibadan lady on valley of death for 6 years : The tragic story of Funmilayo Akinsola
Continue Reading
Advertisement

Tweets by ‎@megaiconmagg

Subscribe to our Newsletter

* indicates required

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Trending