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Makinde flags off construction of 360 housing units, Ajoda new town estate
Oyo State Governor, Engineer Seyi Makinde, on Wednesday, flagged off the construction of 360 Housing Units at the Ajoda New Town Estate, located on the New Ibadan-Ife Expressway.
The estate, which is estimated to cost about Two Billion, Five Hundred Million Naira (N2.5 billion), according to the governor, will enhance affordable housing to all and sundry in the state.
A statement by the Chief Press Secretary to Governor Makinde, Mr. Taiwo Adisa, quoted the governor as saying that the strategic location of the new estate will ensure that the investors make quick returns on their investments.
In another development, Governor Makinde, also, on Wednesday, handed over the Agbowo Shopping Complex, Ibadan, to investors who have committed to turning around the fortunes of the abandoned complex in 104 weeks.
The complex, which is located opposite the Main Gate of University of Ibadan, was commissioned in 1984 but abandoned 12 years ago.
The statement indicated that Makinde, while speaking at the flag-off ceremony held at the Ajoda Housing Estate, New Ife Road, Ibadan, declared the determination of his administration to bridge the gap in the housing sector in Oyo State.
He said that the New Ajoda Housing Project is jointly sponsored by the Oyo State Government and Remax Realtors Limited, saying that, while the state provided thirteen (13) hectares of land for the scheme, the developer is expected to solely finance the project.
The governor, who stated that the flagging off of the Ajoda Housing Estate is a fulfilment of one of his campaign promises, said the project will consist of 2-bedroom semi-detached houses; 3-bedroom semi-detached houses and 3-bedroom detached houses.
This was just as the governor said that the project will be replicated in other parts of the state so that many residents of the state can benefit from such projects.
He added that investors have begun to repose confidence in the state and are willing to do business in Oyo State because of the way the government is now being run by the present administration.
He said: “We are here today to flag off a project, which is in fulfilment of one of my campaign promises. Those who have taken time to study our Roadmap for Accelerated Development in Oyo State, 2019-2023, would have come across our promise to facilitate private sector-driven housing delivery through variants of public-private partnership (PPP) initiatives.
“And so today, we are flagging off the construction of three hundred and sixty (360) housing units here in Egbeda Local Government Area, Ibadan Zone.
“As I said earlier, this is a PPP initiative. We are working with Remax Realtors Limited. To make this project a reality, the Oyo State Government through the Oyo State Housing Corporation is providing thirteen (13) hectares of land for the scheme, while the developer will solely finance the entire project.
“The project will cost N2.5 Billion, and upon completion, the developers will recoup their finances when the houses are sold. We have seen the wisdom of getting contractors or developers to commit to projects by using their own monies to carry them out.
“Some people may wonder why we are starting off in the Ibadan Zone? Well, the need for an affordable housing scheme in Oyo State is clearly evident. Statistics show that the population of the capital city has been growing at over 2 per cent since 2018 with a peak of over 2.5 per cent in 2020. So, half of the population of Oyo State live in Ibadan Zone.
“But that the project is starting in Ibadan Zone does not mean that it will end here. Our plan is to replicate these housing units in other parts of Oyo State in the shortest possible time.”
He also charged members of the public who are interested in buying landed properties in Oyo State to patronize Oyo State Housing Corporation, adding that his administration will continue to operate an open-door policy.
Similarly, while speaking at the flag-off of the renovation and remodelling of Agbowo Shopping Complex, Governor Makinde stated that the state will work in collaboration with Messrs Whitestone Global Ltd to convert the moribund facility into a premium commercial real estate and a 4-star hotel.
He said the collaboration will be in the form of a long lease concession for 50 years, with a capital injection of N4.9Billion, saying: “Our administration understands that the only business that the government should have in business is to create a conducive environment and the needed support for private enterprises to thrive. And this is what we are doing.
“You will readily agree that the injection of N4.9 Billion into the Oyo State economy is an economic stimulus in the short term which will translate to broader benefits in the long run.
“The process of selecting the concessionaires was also transparent. As everyone knows, the days of getting contracts from the government solely because a person knows the governor is in the past. I make bold to say that the PPP mechanism of the state has been re-engineered for effectiveness.”
The governor assured that shop owners in the complex would have the right of first refusal when the complex is finally remodeled.
He also promised to put up a revolving fund scheme to assist those who may not have the money to pay for the shops by the time the project is completed.
In his remarks at the two events, the chairman of the Oyo State Housing Corporation, Barr. Bayo Lawal, said the experience of the corporation in the past has not been palatable, stating, however, that the pains are gradually being addressed by Governor Makinde.
He also appealed to those desirous of owning lands in the state to approach the corporation for reliable landed property.
Also speaking, the Managing Director, Remax realtors Limited, Adefunke Adesoji, said it was an honour to work with the Oyo State governor on the project, which was conceived as a public-private partnership.
In their separate remarks, the Commissioner for Lands and Housing, Barrister Abiodun Abdulraheem and his counterpart in the Ministry of Justice, Prof. Oyelowo Oyewo, enjoined investors and residents of the state to key into the projects, which they described as a landmark initiative.
Also speaking at the handing over of Agbowo Shopping Complex, the Managing Director of Whitestone Global Ltd., Mr. Woleola Oluwole, said: “Today is indeed a great day and another landmark in the trending capacity of Oyo State. This is not surprising because we have a governor that is an honour to follow; we have a governor who is a father to watch. Here we are today marking another trend for others to follow.
“In this place today, as it is, in the next few months, we will know, indeed, that the God of heaven has smiled upon us and the rest of Oyo State.
“This facility, when completed, will have a time level car park that will double as a drive-in Cinema in the evening; a 10-floor first class hotel; 600 capacity 3D Cinema in the evening, an underground gaming arcade; what I call the 22nd-Century E-shopping Mall. All of these will be inside 25,000 square metres.”
News
Ford Trims Workforce: 4,000 Jobs to Go in Europe
US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent’s beleaguered car industry.
“The company has incurred significant losses in recent years,” Ford said in a statement, blaming “the industry shift to electrified vehicles and new competition”.
The move will affect 2,900 jobs in Germany, 800 in the UK and 300 in western Europe by the end of 2027, a Ford spokesman told AFP.
“It is critical to take difficult but decisive action to ensure Ford’s future competitiveness in Europe,” said Dave Johnston, Ford’s European vice-president in the statement.
The company also said it was adjusting the production of its Explorer and Capri models, resulting in reduced hours at its Cologne plant in the first quarter of 2025.
Europe’s car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China.
Germany’s Volkswagen has been among those hardest hit, announcing in September that it was considering the unprecedented move of closing some factories in Germany.
“The European automotive industry is in a very demanding and serious situation,” Volkswagen CEO Oliver Blume said at the time.
Ford had already announced in February 2023 that it was planning to cut 3,800 jobs in Europe, including 2,300 in Germany and 1,300 in Britain.
The company said then it was planning to reduce the number of models developed for Europe, concentrate on the profitable van segment and speed up the transition to electric vehicles.
Ford currently has around 28,000 employees in Europe with 15,000 in Germany, according to the company’s works council.
News
Tinubu Dissolves UNIZIK Council, Sacks VC, Registrar, Otukpo Pro-Chancellor
President Bola Tinubu has approved the dissolution of the Governing Council of Nnamdi Azikiwe University (UNIZIK), Awka, Anambra State, and the removal of the institution’s Vice-Chancellor, Prof. Bernard Ifeanyi Odoh, and Registrar, Mrs. Rosemary Ifoema Nwokike.
The council, chaired by Ambassador Greg Ozumba Mbadiwe, comprised five other members: Hafiz Oladejo, Augustine Onyedebelu, Engr. Amioleran Osahon, and Rtd. Gen. Funsho Oyeneyin.
A statement released on Wednesday by presidential spokesperson, Bayo Onanuga, revealed that the council was dissolved following reports of procedural violations in appointing the vice-chancellor.
According to the statement, the council had allegedly appointed an unqualified candidate, disregarding due process, which triggered tensions between the university’s Senate and the council.
The Federal Government expressed dismay over the council’s actions, emphasizing the need for adherence to the university’s governing laws in decision-making.
“The council’s disregard for established rules necessitated the government’s intervention to restore order to the 33-year-old institution,” the statement noted.
In a related development, President Tinubu also approved the dismissal of Engr. Ohieku Muhammed Salami, the Pro-Chancellor and Chairman of the Governing Council of the Federal University of Health Sciences, Otukpo, Benue State.
Salami was accused of suspending the university’s Vice-Chancellor without following the prescribed procedures, a move the Federal Ministry of Education had previously directed him to reverse.
Despite the Ministry’s directives, Salami reportedly refused to comply and resorted to issuing threats and abusive remarks towards the Ministry’s officials, including the Permanent Secretary.
The Federal Government reiterated that the primary role of university councils is to ensure the smooth operation of academic activities, strictly adhering to the laws establishing each institution.
Tinubu warned university councils against engaging in actions that could destabilize their institutions, as his administration remains committed to enhancing the nation’s education system.
News
Ekiti Workers to Earn N70,000 Minimum Wage as Govt Signs MoU with Unions
The Ekiti State Government has reached an agreement with labour leaders in the state, signing a Memorandum of Understanding (MoU) for the payment of the N70,000 minimum wage approved by the Federal Government.
Addressing journalists at a brief ceremony in Ado-Ekiti on Tuesday, the Head of Service (HoS), Dr. Folakemi Olomojobi, announced that the payment would commence immediately.
She lauded Governor Biodun Oyebanji for prioritizing the welfare of workers despite the state’s limited resources.
“This development demonstrates the governor’s commitment to improving the livelihood of our workers,” Dr. Olomojobi stated, highlighting the proactive measures taken by the administration to ensure prompt implementation.
In their remarks, the Trade Union Congress (TUC) Chairman, Comrade Sola Adigun, and the Nigeria Labour Congress (NLC) Chairman, Comrade Olatunde Kolapo, expressed their appreciation to Governor Oyebanji for fulfilling his promises to workers.
They confirmed that the new minimum wage would apply to all cadres, including employees in ministries, parastatals, agencies, and pensioners.
The Chairman of the Joint Negotiating Committee (JNC), Comrade Femi Ajoloko, described the implementation as a fair and commendable adjustment.
“This decision reflects the governor’s magnanimity and his dedication to fostering a productive workforce in Ekiti State,” he said.
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