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

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Prof. Akande

Alarmed at the approval of the issuance of a N100 billion bond by the Oyo State government, Chairman of the Nigerian Communications Commission, NCC, Prof. Adeolu Akande, on Wednessday cautioned Governor Seyi Makinde against excessive borrowing.

Governor Makinde had on Wednesday morning announced the approval of the loan tagged “Oyo Prosperity Bond” which, according to him, will facilitate the execution of priority projects that will further drive economic development in the State.

This is coming after the administration secured close to N50 billion loans in the first 14 months of its emergence.

It will be recalled that the Oyo Assembly had on May 19, 2020, approved a N22.5 billion infrastructure loan from a commercial bank. Before that, on October 10, 2019, the Assembly had approved the sum of N7.6 billion for the upgrading of two farm settlements in Akufo and Eruwa, to Farm Estates.

The APC chieftain, Akande, who hails from Otu, headquarters of Itesiwaju local government area of the State, explained that there is nothing bad about borrowing, but added that what such loans seek to achieve must be of economic benefit to the people of the State.

According to him, “Nobody needs to be told that the Nigerian economy has not been good for years. Many states have been struggling to meet their obligations. So, if any state is to borrow to fund any project, such project must be one that would bring economic development to the State.

“While I am not against infrastructure development in our dear State, proper evaluation needs to be done to determine which projects should be financed through borrowing. It should not be about borrowing to finance just any project. We have got to a stage where projects to be embarked upon by government at all levels must be ones that will lead to increase in internally generated revenue, draw investors to the State, create wealth for the people and ease the financial burden of the State.

“The Ibadan Circular Road project, for example, is a laudable one. It is a project that would open up the State and bring about an increase in IGR if properly harnessed. However, it is economically unhealthy to borrow to finance the project. Late Governor Abiola Ajimobi, I recall, had awarded the project via a public-private partnership (PPP) arrangement before the incumbent government ordered the company to stop work. What I think the government should have done was to engage a company with the capacity to fund it via a Build-Operate-Transfer (BOT) arrangement.

Prof. Akande also advised Governor Makinde against burdening taxpayers in the State with funding the expansion of the Ibadan Airport.

“The airport is a federal responsibility. Rather than burden taxpayers in the State with the cost of expanding the airport, Governor Makinde should work with representatives of Oyo State in the National Assembly to secure federal funding for the expansion of the airport by the Ministry of Aviation. The federal government is presently expanding many airports across the country, and Oyo State should not exclude herself from this benefit. The recourse to state finance for the airport project is an indication of failure in ensuring cordial federal-state relations by the Oyo State Government.

“The government must not impose an extra burden on taxpayers in the State by self-funding projects that can be funded by the federal government or the private sector”, he said.

Urging Governor Seyi Makinde to be creative in the aspect of fund generation and harnessing Oyo State’s economic potentials, Akande lamented the neglect of major infrastructural facilities across the State which, he said, should be useful for economic growth.

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INEC declares Oyebanji winner, APC retains Ekiti

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The Independent National Electoral Commission has declared the Governor of Ekiti State and candidate of the All Progressives Congress, Biodun Oyebanji, winner of Saturday’s governorship election in the state.

The Returning Officer for the election, Prof. Adenike Oladiji, announced the result at about 3:13 a.m. on Sunday in Ado-Ekiti, saying Oyebanji polled 319,224 votes to defeat his closest rivals and secure a second term in office.

According to Oladiji, who is the Vice-Chancellor of the Federal University of Technology, Akure, the candidate of the Peoples Democratic Party, Oluwole Oluyede, garnered 40,543 votes, while the African Democratic Congress candidate, Dare Bejide, secured 12,872 votes.

She said 384,940 voters were accredited for the election, while 375,777 valid votes were recorded. The electoral umpire also announced that 6,332 votes were rejected, bringing the total number of votes cast to 382,109.

The declaration capped a governorship poll largely adjudged peaceful by observers and security agencies, despite complaints of malfunctioning Bimodal Voter Accreditation System machines, delayed commencement of voting in some polling units and allegations of voter intimidation by opposition parties.

INEC said voting was conducted in all the 2,445 polling units across the state’s 16 local government areas, noting that 2,257 units, representing 92.31 per cent, opened before 8.30 a.m., while 188 polling units commenced accreditation and voting before 10.30 a.m. after experiencing minor delays.

The commission also commenced uploading polling unit results to its Results Viewing Portal shortly after the completion of voting and counting in several centres.

The PDP candidate, Oluyede, had expressed dissatisfaction with the conduct of the exercise at Ugele/Arokun Ward in Ikere Local Government Area, alleging that many prospective voters were disenfranchised due to BVAS-related challenges.

Speaking with journalists after voting at Polling Unit 006, he further alleged cases of harassment and intimidation of voters in the area.

Some elderly voters at the polling unit also lamented difficulties encountered during accreditation and urged INEC to urgently rectify the technical glitches.

The ADC candidate, Bejide, similarly alleged irregularities during the exercise.
However, Oyebanji dismissed the claims, insisting that those making allegations of electoral misconduct should provide credible evidence to support them.

The governor, who voted at Polling Unit 003, Okelele, Ikogosi-Ekiti, in Ekiti West Local Government Area, described the election as satisfactory and urged eligible voters yet to cast their ballots to do so peacefully.

The Commissioner of Police in charge of election security, Abayomi Shogunle, said no case of vote-buying was reported to security agencies throughout the exercise.

Election observers commended the peaceful atmosphere that characterised the poll but raised concerns over procedural inconsistencies.

The First Vice-President of the Nigerian Bar Association, Sebastian Anyia, described the process as orderly and peaceful, saying voter turnout was encouraging.

Similarly, the Chief Executive Officer of the Nigerian Women Trust Fund, Brenda Anugwom, lauded the resilience of female voters, many of whom remained at polling units for several hours with their children to exercise their franchise.

Yiaga Africa, however, expressed concern over discrepancies involving ballot papers, result sheets and INEC’s published list of candidates, warning that such inconsistencies could create challenges during collation and reconciliation of results.

The election observer group urged INEC to provide further clarification on the final list of participating parties and candidates and issue clear guidance to electoral officials handling result documentation.

Ahead of the poll, INEC and security agencies had repeatedly assured residents of their preparedness to deliver a peaceful, credible and transparent election, deploying personnel and restricting vehicular movement to forestall electoral violence and other offences.

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Oyo APC rejects Makinde’s planned December LG poll, vows boycott

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The opposition All Progressives Congress (APC) in Oyo State has rejected plans by the administration of Governor Seyi Makinde to conduct another local government election on December 26, 2026, describing the proposed exercise as illegal, premature and a calculated move to retain political influence at the grassroots beyond the governor’s tenure.

The party declared that it would neither participate in the election nor remain silent over what it termed an attempt to squander public resources on a process allegedly designed to install loyalists in the 33 local government councils and 351 wards across the state.

The controversy followed the decision of the Oyo State Independent Electoral Commission (OYSIEC) to shift the date earlier fixed for January 2027 to December 26, 2026, after the Independent National Electoral Commission (INEC) released the timetable for the 2027 general elections.

The move has continued to generate debate among political observers, many of whom have questioned the urgency of conducting another council poll barely six months before the expiration of the tenure of the incumbent chairmen and councillors elected in the 2024 local government elections.

In a statement issued on Thursday in Ibadan by its Publicity Secretary, Olawale Sadare, the APC said it would not stop at boycotting the election but would also collaborate with “patriots and rational minds” to resist what it called an unnecessary expenditure of taxpayers’ money.

The party accused Governor Makinde of lacking commitment to local government autonomy, alleging that the administration had exercised undue control over council resources for more than seven years.

“The whole world knows that Governor Makinde does not believe in local government autonomy and, when it comes to democracy at the grassroots, he cannot be trusted for anything,” the statement said.

The APC alleged that the proposed poll was aimed at positioning individuals loyal to the governor in local councils before his exit from office on May 29, 2027, arguing that such a move would enable him to sustain political influence after leaving the Agodi Government House.

According to the opposition party, expectations among many residents are centred on ongoing efforts by the administration of President Bola Ahmed Tinubu to strengthen local government autonomy and ensure that councils enjoy direct access to their statutory allocations without interference from state governments.

The APC also linked what it described as poor development outcomes in some rural communities to the operation of the state-local government joint account system. It cited communities such as Ahoro Esiele and Yawota in Oriire Local Government Area, which have reportedly faced security challenges, as examples of areas where local government resources should have translated into visible improvements.

“It is sad that Governor Makinde appears determined to sustain a system that has left many rural communities vulnerable despite huge allocations accruing to local governments monthly,” the party said.

The opposition further dismissed the local government elections conducted in 2020 and 2024 as lacking credibility, alleging that winners emerged through predetermined outcomes rather than a transparent electoral process.

“The fraud called local government polls in 2020 and 2024 should be the last the people of Oyo State would witness. Governor Makinde and his supporters should bury any thought of staging another charade in which results are announced without genuine voting and public offices become tools for the diversion of public funds,” the statement added.

The APC consequently urged officials of OYSIEC to halt preparations for the proposed December election, warning against actions capable of undermining democratic values and public confidence in the electoral process.

As of the time of filing this report, neither the Oyo State Government nor OYSIEC had issued an official response to the allegations raised by the opposition party.

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2027: Oseni Mobilises Oyo Artisans, Traders, Targets One Million Votes for Tinubu

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The lawmaker representing Ibarapa East/Ido Federal Constituency in the House of Representatives, Aderemi Oseni, on Saturday mobilised thousands of artisans and traders across Oyo State in support of President Bola Tinubu’s re-election bid in 2027.

‎Oseni said the support base of the Remi Oseni Committee of Friends (ROCOF), in collaboration with other stakeholders, was intensifying efforts to deliver one million votes for the President in the state.

‎Oseni, Chairman of the House Committee on Federal Road Maintenance Agency (FERMA), said artisans and traders must see themselves as critical stakeholders in President Tinubu’s Renewed Hope Agenda, stressing that the success of the administration depends largely on grassroots participation.

‎The federal lawmaker spoke in Ibadan, the Oyo State capital, during a stakeholders’ engagement with members of the ROCOF Progressive Workers and Traders’ Associations.

‎In a symbolic show of political readiness, scores of traders and artisans displayed their Permanent Voter Cards (PVCs), while Oseni urged eligible Nigerians yet to register to obtain their voter cards ahead of the next general election.

‎He cautioned against vote-buying and vote-selling, warning that such practices threaten the future of democracy and mortgage the destiny of younger generations.

‎The meeting, according to Oseni, was also convened to deepen economic support for members through empowerment programmes targeted at strengthening businesses and improving livelihoods.

‎He announced that requests for a N250 million interest-free loan scheme for artisans and traders, construction of an artisans’ village with stable electricity supply, and health insurance support had received approval.

‎According to him, the loan facility will be administered through a microfinance bank under the Remi Oseni Foundation to ensure transparency, accessibility and sustainability.

‎He added that road and infrastructure projects across communities would remain a major priority.

‎Oseni, who is seeking to represent Oyo South Senatorial District  in the next election cycle, also used the meeting to explain his decision to pursue a Senate seat instead of his earlier governorship ambition.

‎He said the move followed consultations with party leaders and supporters.

‎According to him, supporters deserved clarity on the political direction of the movement.

‎He said: “We convened this stakeholders’ meeting to review our present position. Before now, our focus was on leading Oyo State through the governorship. That was our clear objective as a movement, but today, it has become evident that God is directing us towards the Senate.

‎“Our people needed to understand the reasons for this decision, the position of the party and what we have accepted in the overall interest of our political future. It is not enough for leaders to take decisions. We owe our supporters explanations and must carry them along.

‎“We have encouraged them to embrace this opportunity in good faith and believe that greater opportunities still lie ahead.

‎“Many of them felt our governorship ambition would have delivered greater benefits, but we have reassured them that the government remains supportive and the future is bright.

‎“We have equally assured the President that our decision to pursue the Oyo South Senate seat will not affect the one million votes earlier promised him, because ROCOF structures across the 33 local government areas are fully mobilised and committed to his re-election.”

‎On the crisis within the All Progressives Congress (APC), Oseni said efforts were ongoing to reconcile aggrieved members, expressing confidence that outstanding differences would soon be resolved.

‎He described competing interests within the party as a reflection of the APC’s growing strength and political attractiveness.

‎Earlier, the Oyo State Coordinator of ROCOF Progressive Workers and Traders’ Associations, Alhaji Munirudeen Adegoke, described Oseni’s empowerment drive as a strategic investment capable of reducing unemployment, youth restiveness and poverty.

‎Adegoke said meaningful empowerment for artisans and traders must go beyond temporary palliatives.

‎According to him, sustainable support requires deliberate policies that guarantee access to capital, improved infrastructure and social protection.

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