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Iwo Road interchange project will be delivered under one year – Makinde

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The government of Oyo State is set to collaborate with the Federal Road Safety Corps (FRSC) on the management of traffic within the State, the Oyo State Governor, Engineer Seyi Makinde has said.

The Governor expressed the commitment of his administration to collaborate with the agency on how to manage traffic gridlock on the roads and proffer solution for easy vehicular movements in the State.

A statement signed by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, quoted the Governor as saying these while receiving the Corps Marshal and Chief Executive of the FRSC, Dr. Boboye Oyeyemi, who paid him a courtesy visit in his Office.

 

Makinde maintained that the state government under his leadership will continue to support the activities of the FRSC in the State.

“Let us keep the cordial relationship going. We need a lot of support to lift the situation in our State- ideas and things that you have been able to provide solutions to at the federal level. We also want to key into them so that we do not make the same mistake all over again. I believe this is going to be the beginning of our working together,” Governor Makinde said.     

 

The Governor said his administration is committed to finding lasting solutions to the gridlock at the Iwo Road Interchange, which has been causing a lot of problems for the users of the road in that area, noting that the project would be executed within nine months.

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He said: “Also, at Iwo Road, it’s the same thing but we do have solution to that. What they are doing around that axis right now are just palliatives to make the place motorable. We have a serious plan for the road. Meanwhile, I have even been castigated on why I want to spend such amount of money on that interchange but it is a project that we believe will change the face of that place and sanitise the area.

“The Honourable Commissioner for Works is working on it and we need to follow the due process. So, it’s a little bit slow but I believe, within the shortest possible time, we can get this project underway and delivery has been given to us at nine months. Once we flag it off, within nine months, we believe we will be able to decongest the area and everyone will be proud of it.”

The Governor, therefore, stressed that he would consider urgently the modern trailer park project, noting that it was not ideal for trailers to cluster around the highway, saying, however, that the only justification to remove them would be to provide a modern park for them. 

Governor Makinde added: “What you mentioned about a trailer park will be sorted out. Before now, I have had discussion with the sector commander and Chairman of OYRTMA and I asked them to, first of all, clear that Toll Gate axis. About two weeks ago, I was going to Oyo and I saw illegal trailer parks along the road similar to what happens in Ogere. I was actually alarmed that once that kind of facility takes roots, it becomes difficult to uproot again.

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 “So, it’s something we are also committed to fixing. Ideally, we should not be seeing trailers along the road. All along the express way, from Toll-Gate to Ojoo, we still have where trailers are parking at different points along the road, but once we have trailer parks for them, we can be justified to relocate and disallow them by stopping them parking indiscriminately along the road.”

Earlier, Dr. Oyeyemi appealed to the Oyo State Government to give priority attention to the construction of a modern mega trailer park in the state, noting that the project would greatly help to reduce traffic gridlock in the state, “as Ibadan is strategic to vehicular movement across the nation.”

While stressing the need for collaboration with the corps to abate instances of road mishap during the ‘ember months,’ the Corps Marshal also implored the Governor to equally work on the Iwo road interchange and disallow street trading on the Ibadan-Iwo road, Ibadan-Ife road and other major roads in the state.

 

 

 

Photo credit: Shutterstock

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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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