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Community Project Sustainability: Oyo Govt Trains Over 1000 Stakeholders

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Oyo State government has trained 1200 stakeholders from local communities on how to monitor and maintain projects undertaken by the State Community and Social Development Agency (CSDA) for sustainability of such projects.

 

The stakeholders were charged to intensify more efforts towards maintaining functionality and sustainability of micro project in their communities.

 

Speaking at a day refresher training organized by CSDA for Community project management committee (CPMC) members, the General Manager, Oyo State CSDA Mr Babatunde Christopher hinted that the grass-root development anchored on projects that touch the core needs of the people was the major area of interest of the present administration as promises were made to provide good governances to the people.

 

Mr Babatunde explained during the training for Ibadan/Ibarapa, Oyo/Ogbomosho and Oke-Ogun zones that a number of 691 projects have been completed in 146 intervention communities in the areas of health, water provision, education, rural electrification, construction of bridges, socio economic empowerment while 35 ongoing projects would be concluded before the year 2020.

 

He stated that as the community and social development project was preparing to round up by the year 2020, the success of the micro project implementation in the communities depended largely on the CPMC, as they must acquire effective supervision and sustainability of projects.

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“It is pertinent that the people directly affected by these projects are made to monitor and maintain them, this is the only way to keep the projects alive for the benefit of the rural dwellers.

 

“The funding expended on these projects were sought from the World Bank and not a grant, this means it has to be paid back, therefore, the projects must be maintained that they do not get spoilt or neglected due to poor use.

 

“The trainees were selected from all the benefitting communities across the State and the training covers the areas of financing regulation, participatory monitoring and evaluation for sustainability of these projects as I have said earlier.”

One of the trainees, Mr Folorunso Olagoke of Sooto community at Egbeda local government in Ibadan, appreciated the present administration on its efforts towards making life meaningful to all rural dwellers and the people of the State.

 

“The programme has done a lot to improve the standard of living of the people in the communities concerned, among which is my own community, we have boreholes and connection to the national grid through which we now enjoy electricity, we are grateful.”

 

The ongoing CSDA projects covered years 2009 to 2020 and projects that have impacted on community health, rural electrification, accessible water and others have been executed.

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

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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.

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

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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.

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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.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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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.

 

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