Connect with us

News

Makinde vows to retrieve billions of Oyo’s resources ‘stolen’ in 96 months before his tenure

Published

on

Oyo state governor, Engineer Seyi Makinde on Wednesday vowed that his administration was ready to retreive the billions of the state’s funds allegedly looted by officials of the previous administration.

Governor Makinde, who made the vow while kickstarting the construction of the 21km Ajia-Airport-New Ife Expressway road, in Ajia town, maintained that his administration was ready to put measures in place to retrieve all looted funds to develop the state’s infrastructure.

The 21-kilometre Airport-Ajia-New Ife Express Road, with spur to Amuloko, was awarded to Messrs Peculiar Ultimate Concerns Ltd, at a total cost of Eight Billion, Five Hundred and Twenty Million, Nine Hundred and Nineteen Thousand, Seven Hundred and Seventy-Six Naira, Forty-One Kobo (N8,520,919,776.41).

According to the governor, unlike the previous government, which, he said, preoccupied itself with how to corner state’s funds on a daily basis, his administration would drastically reduce the infrastructure deficit in the state within the shortest possible time.

He added that it’s only in doing so that the state can be positioned on the path of economic growth.

A statement by the Chief Press Secretary to Governor Makinde, Mr. Taiwo Adisa, quoted the governor as saying that the 21-kilometre road construction being launched was a product of the administration’s strategic way of reducing the state’s infrastructure deficit, which is known as the Alternative Project Funding Approach (APFA).

He said: “Our administration means business. We will drastically reduce the infrastructure deficit in Oyo State in the shortest possible time. And this is how economies work: investors will only go where they can be assured of profits. If we do not develop basic infrastructure like roads, it will affect the cost of production which, in turn, means less profit for investors. So, we cannot be seriously discussing attracting investments into Oyo State when a majority of roads and other infrastructure are in a state of disrepair.

“In order to achieve this, we must strategize on how to increase our spending on infrastructure, because what we collect from Abuja every month from federal allocation is not even enough to pay the salaries. So, the new strategies on how to increase our spending on infrastructure is what we are doing here in Oyo State.”

ALSO READ  ICAST boss sets to commission multi-million naira hostel.

While explaining the reason the Airport-Ajia road costs more per kilometre than the 65 kilometre Moniya-Iseyin road, the governor said there are more hydraulic structures on the Airport-Ajia road than the Moniya-Iseyin road, and that a lot of expansion and rehabilitation will be done on those bridges.

The governor also used the opportunity to explain the APFA approach through which he said many projects will be executed in the state, stating that it is the administration’s way of funding some infrastructural projects in the state, by having the contractors fund the projects with their own money while the state repays them over a period of time.

“What this entails is that the contractor carries the projects’ risk. At the same time, we get quality delivery and quick completion of projects. They will be bearing the risk of getting this project done in a timely manner, while we pay them over the next twenty-nine months. That comes down to roughly N300 million a month. So, while they will complete the project in one year, we have the option to repay in over twice the time.

“We will continue to actualise capital projects through budgetary allocations and have the additional option of carrying out other infrastructural projects outside of the budget, using the Alternative Project Funding Approach. So, you can look forward to other projects under this approach.

“Let me state that even when we are forced to look outside Oyo State for persons to execute the projects under APFA, we still put the interests of our people first. For example, Peculiar Ultimate Concerns Ltd has agreed that the construction labour will come from Oyo State, and we are holding them to that agreement.”

ALSO READ  Oyo Assembly Hails Government Over Release Of N1.5bn Pension Arrears

He added: “So, for projects under the APFA, because of the nature of spending on the projects, we decided that it would be best to open up the bidding process a little more so that contractors outside of Oyo State can bid as well.

“We reached this decision because we are looking for private entities who have the wherewithal to complete the projects on schedule, while at the same time, passing the tests of quality assurance.

“When we approved this project at EXCO, social media became agog with all sorts of insinuations. Those ones that you rejected during the last general elections were saying Seyi Makinde promised that he would give contracts to those within Oyo state. Indeed, I made that promise that Oyo state money must remain in Oyo state.

“Some have said the company we awarded the contract to is from Asaba in Niger Delta and that we want to take Oyo State’s money to my wife’s state. First, let me put it on record that my wife is not from Delta but from Rivers State. “Second, the representative of the company we awarded the project to, Engr Abel Adeleke, has spoken here today. He is from Osun State and they are using their money to start this project.

“We also opened the opportunity for all. Even if they had approached us and brought the money they stole while in government to fund this project, we will allow them. We all know there are certain construction works that their expertise may not be with a local contractor. If we want to construct a bridge and it is awarded to Julius Berger, they will also say Julius Berger is not from Oyo State. So, that is to tell you they have nothing to do. One thing I know is, if we build this road the way we are supposed to, on time and on budget, what concerns the people going to the airport, whether Julius Berger constructed the road or whether the contractor is from Osun or Oyo? Our major concern is that the road is constructed.”

ALSO READ  Tribute to Hon. Kehinde Ayoola, Oyo State Former Commissioner for Environment | By Rahaman Onike

Addressing the criticisms trailing the announcement of N100 billion bond issuance by the state, the governor stated: “I heard somebody criticizing us on radio concerning the N100 billion bond and was of the opinion that this administration wants to put the state in debt. I think our people need to start telling them that Governor Makinde is not like that. For the period of eight years they spent in office, they were only preoccupied with how to corner N1 Billion monthly into their private pockets everyday they went to the office.

“They spent 96 months in office, that means they have Oyo States N96 billion with them. We will retrieve every fund that belongs to Oyo people for the purpose of infrastructure development.

“So, tell them that the EFCC of Oyo State is coming for them. I want to assure you that we will retrieve the stolen money of the state from them and use the funds to build infrastructure like this.”

Comments

News

Ladoja At 76: Alao pens emotional thank you message to ex-Oyo governor

Published

on

Ibadan North East/South East Federal House of representatives nominee of the Zenith Labour Party (ZLP) in the 2019 election, Mr. Semih Oladimeji Alao on Friday penned an emotional appreciation message to former Governor Rasidi Ladoja, describing him as the most innovative personality in politics. 

 

 

The Osi Olubadan of Ibadanland, Chief Ladoja, was born on September 25, 1944.

 

Alao in a message obtained by Mega Icon Magazine also thanked the former governor of Oyo state for his amazing efforts and support over the years.

The message reads, “Happy 76th Birthday to Osi Olubadan of Ibadan, the most innovative person in politics today. High Chief (Daddy) Rasidi Adewolu Ladoja.

 

“Not only do you seamlessly adapt to address the emerging challenges from the persistent ones that we face in our society today, but you are also always striving to make things better with new approaches and such unfaltering determination.

“I just want to thank you for all of your amazing efforts and support over the years!

“Many happy returns to you today Sir”, it added.

ALSO READ  2019: Pray for peaceful elections, Ex-Oyo Commissioner, Kola Balogun tasks Muslims
Continue Reading

News

2020 budget touched all sectors of economy inspite of COVID-19 – Makinde

Published

on

Governor Seyi Makinde has said that the 2020 budget of Oyo state touched every sector of the state’s economy has requested by citizens and stakeholders.

The Governor, who spoke through his deputy, Engineer Rauf Olaniyan, disclosed this at the 2021 town hall stakeholders meeting held at Igboho.

The governor lamented that COVID-19 brought a shrink to the budget on capital expenditure, adding, that the state is still managing to accommodate all the needs of each community as highlighted by the stakeholders.

 

He said that the state is poised to engage more stakeholders in the preparation of the 2021 budget by consulting across the seven geopolitical zones in Oyo state as opposed to the three senatorial districts for the 2020 budget for more openness and transparency.

 

Governor Makinde further asserted that his administration is predominantly about inclusion which is the fulcrum on which democracy rests, urging the people to come out and dialogue with government since they are the most affected by the decisions of government.

 

While x- raying some completed projects executed by his administration in Oke-Ogun region, the governor disclosed that government has begun the remodeling of OYSADA headquarters at Saki, upgrading of various primary healthcare centres and facilities and the set up of a specialist hospital.

ALSO READ  2019: Pray for peaceful elections, Ex-Oyo Commissioner, Kola Balogun tasks Muslims

 

The state helmsman urged the people to be security conscious in the face of recent security challenges, saying, security is our collective responsibility.

While responding to the requests and submissions from all local governments and stakeholders, he assured that the state will ensure that the issues of security, education, employment and power supply will be looked into and will get budgetary attention in 2021 within the available resources.

 

Earlier, the Commissioner for Budget and Planning, Barr Adeniyi Farinto highlighted the projects the government executed as requested by the people of the region in the 2020 budget meetup with stakeholders.

 

He said the construction of the Moniya-Iseyin road, return of OYSADEP now OYSADA headquarters to Saki, fixing of Saki- Ogboro- Igboho road among other things are a promise kept by the current administration.

The commissioner urged the citizens of the food basket region of the state to make inputs and cooperate with government in fixing roads and other projedts to enable government in delivering on its promises.

Continue Reading

News

Makinde flags off construction of 360 housing units, Ajoda new town estate

Published

on

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.

ALSO READ  ICAST boss sets to commission multi-million naira hostel.

 

 

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.

ALSO READ  EFCC, NDLEA consider strategic partnership to combat money laundering, drug abuse

 

 

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 READ  N100bn Bond: NCC boss, Akande cautions Makinde against excessive borrowing

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.”

Continue Reading
Advertisement

Tweets by ‎@megaiconmagg

Subscribe to our Newsletter

* indicates required

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Trending

%d bloggers like this: