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Independence Day: Makinde vows to launch Oyo into economic greatness

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Oyo State Governor, Engr Seyi Makinde has promised  that his administration will turn Oyo State into a land of great investments which its residents can be proud of, through economic opportunities and agricultural development.

Governor Makinde,  also charged Nigerian citizens to always put the national first and work for its overall growth.

According to a statement signed  by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, quoted the Governor as making the remarks on the occasion of Nigeria’s 59th independence anniversary, held inside the Lekan Salami Sports Complex, Adamasingba, Ibadan.

The statement indicated that the State’s Deputy Governor, Engineer Remi Olaniyan, represented Governor Makinde at the event.

The Governor said: “Welfare programmes will continue to be our focus in order to create a good life for all the citizens of Oyo State as we pursue our four-point policy thrust of Security, Health, Education and Economic Expansion.”

He also charged Nigerians to always put the interests of the nation first in their dealings so as to diminish all negative tendencies that inhibit the country’s progress.

Governor Makinde also declared that the Nigerian citizenry must change its orientation, embrace patriotism by always putting the country first.

According to him, Nigerians must shun egocentric concepts that negate development.

The Governor declared that his administration will turn Oyo State into a land of great opportunities which investors would be proud to associate with, adding that the focus of his administration would be to provide economic opportunities and enhance agricultural development.

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Governor Makinde further stated that his administration will continue to embark on projects and programmes that target the welfare of residents.

He explained that for the nation to develop, education must be prioritised, saying his administration has put in place policies and programmes to facilitate qualitative education.

He mentioned some of the measures already taken by him to include the cancellation of all fees payable in schools, distribution of textbooks and exercise books to students, organisation of extra classes for SS3 students, increment of the education budget to 10 per cent and plans to increase the budget to education to 12 per cent in the 2020 budget, among others.

The Governor added that the administration had also begun a turnaround of the health sector, while ensuring that its policy of keeping civil servants as partners in progress continues to run unhindered through prompt payment of salaries on or before 25th of every month and prioritization of their welfare and capacity building.

He said: “In order to achieve a greater level of educational development, we must invest in all-round development, self-reliance and self-actualisation by exposing them to trainings that will assist in become patriotic and responsible citizens within the society.

“A nation that desires development cannot afford to make education a luxury. Towards this end, we have not only cancelled the N3,000 education levy imposed by the past government, we have also mandated that 10 per cent of the State Budget allocation be allotted to education. It is our dream to increase it to 12 per cent by the subsequent fiscal year.”

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On the health sector, the Governor stated that the State Hospital, Ring Road, has been equipped with modern equipment from its derelict state within the first 100 days of his administration, adding that his administration has also commissioned Oranyan Medical Centre to ensure people of the state have access to quality health care, even as he promised to use the Oranyan model for all the 33 local government councils.

He, therefore, sought for the cooperation of Oyo State residents, saying: “I use the occasion of this year’s celebration to seek the cooperation of all progressive-minded people; civil servants, artisans, religious leaders, stakeholders, political leaders and followers. We shall accommodate all interests to ensure that every part of the State has a sense of belonging indifference to political or religious inclinations.

“As Nigeria celebrates her 59th Independence Anniversary today, I congratulate us and pray that in our time, the dream of Eldorado will be achieved.”

The event, which was witnessed by top government functionaries, members of the House of Assembly, traditional rulers and others, featured cultural displays, presentation of awards to winners of the Primary and Post-Primary School Essay Writing and Debate Competition earlier organised by the State Government as well as match past by students, voluntary youth organisations and Trade.

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The Speaker, Oyo State House of Assembly, Rt. Hon. Adebo Ogundoyin; Chief of Staff to the Governor, Chief Bisi Ilaka; Secretary to the State Government, Mrs Olubamiwo Adeosun; Head of Service, Alhaja Ololade Agboola and Commissioners were in attendance at the event.

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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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