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COMMUNITY NEWS : Ibadan landlords association commences rehabilitation of Apete-Akufo road
COMMUNITY leaders under the aegis of Awotan Landlords Association in Ibadan, the Oyo state capital on Thursday commenced the rehabilitation of the dilapidated portion of Apete- Akufo road, housed by Ido Local Government that has been abandoned for many years.
The road, linking Akufo lies in a pitiable condition, rendering inconvenience to commuters and other road users. At many times, vehicles get stuck on it, while visible potholes add to the woes of commuters, thus remains a nightmare for residents.
While the road is also one of the busiest roads in the town accommodating commercial stores, offices, coaching centers, shopping malls, hotels among others, the long stretch of the road has been broken.
Further checks revealed that the road, which incited pity became worsen after it was ravaged by the August 26, 2011 flood, which was regarded as a replica of the renowned ‘Omiyale’.
Meanwhile, the state government had earlier completed the construction of Ijokodo-Apete road including bridges which were also affected by the flood.
According to a resident who confided in Mega Icon Magazine, “we have recorded several accidents with high degree of injuries on this road. In fact, some weeks ago , a woman nearly gave birth in front of the gas station here, the health centre staff came to her rescue after she fell from motorcycle”.
Also, the President, Awotan Central Landlord Association, Mr Fabayo submitted, ” several appeals were made to the government to extend the construction of Apete-Ijokodo road to Akufo or repair the damaged portion of the road but no positive response up till this moment”.
“The road is important to us in this community, business activities is being affected , many people are afraid of even coming to Apete with their cars, even riding motorcycle to your destinations is risky on the road, it is on this note that we resolve to self help
” We have started with the little money we have in the community’s account, and very soon we will start tasking ourselves, it is a collective responsibility, we will do it together and I am very sure people will corporate.”
“What we are doing is just a palliative measure to make the road better, we are still talking with the government and we believe very soon our governor, Senator Abiola Ajimobi will consider the project as one of the roads he must fix before the expiration of his tenure”, he continued.
Former Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has extended warm felicitations to Barrister Sarafadeen Ali, the Senator representing Oyo South Senatorial district, on the occasion of his 61st birthday.
In a statement released on Saturday in Ibadan, the Oyo state capital, on Saturday, Akande lauded the lawmaker, describing him as a luminary whose life has been marked by distinguished service to the nation.
“Today, I join the world in celebrating you on your special day, as you mark 61 years of God’s abundant love and glorious impact on humanity,” the former NCC gaffer expressed.
He added, “I wish you many more years of God’s grace in your life.”
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.”
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