Connect with us

News

Oyo govt charts development assistance, institutional reforms.  

Published

on

OYO State Government at the weekend disclosed that both the public and private sectors as well as communities would be adequately mobilized and empowered as partners to make patriotic contributions to the state especially in the areas of revenue generation and development process.

It added that strategies for revenue generation would be deployed based on its peculiarities and unique strengths for development, noting that there would be institutional framework for economic planning, budgeting and development that would coordinate sectoral strategies across Ministries, Departments and Agencies (MDAs) which will serve as a pre-requisite for attracting    resources from multilateral/bilateral development partners as well as direct foreign investors.

These were part of the recommendations made at the end of a 3-day Workshop on Institutional Reforms themed ‘DEVELOPMENT PLANNING AND DEVELOPMENT COOPERATION: VEHICLE FOR SOCIO-ECONOMIC DEVELOPMENT IN OYO STATE’ organized by the State government at the House of Chiefs, State Secretariat, Ibadan.

The workshop, which had top government functionaries in attendance, was facilitated by a team of resource persons led by a Development Cooperation Expert, Dr. Yisa Kolawole, was in line with the principle of the state’s budget of self-reliance.

It was noted at the workshop that the financial grants, technical aid as well as concessional facilities by  Development Partners are readily available but sub-optimally harnessed by the Oyo State Government.

ALSO READ  Oyo Central: Folarin to train 500 youths on solar power installation, maintenance

In her remarks, the Host and Special Adviser to Governor Abiola Ajimobi on Intervention funds and Developmental Projects, Dr. Adebukola Adebusoye, pledged that government would continue to advocate and promote the culture of value chain, especially towards agribusiness activities to enhance revenue base, noting that a combination of strategies for improved tax and non-tax revenues is important for equity in the system.

She assured that Ajimobi administration will work towards achieving a reliable database which will be adopted as a reference platform at all times, stressing that  reliable data base will aid the intervention projects, programmes and initiative of the Development partners to expand the frontiers of opportunity/cooperation required for the socio-economic development of the state.

Dr. Adebusuyi stated that the 3-day workshop was organized to create awareness on the new paradigm in development planning and international cooperation as a cost effective/feasible option for economic growth and development.

“We want to sensitize key actors on the imperative for institutional capacity/reforms to sustainably attract development grants, technical aid or concessionary loans required to facilitate the development aspirations of Oyo State.  This workshop is also to expose participants to new concepts and principles in development planning and international cooperation for broad based options in policy making as well as to review practices and learn from experiences of best practices,” she explained.

ALSO READ  Oyo governor, Makinde cancels  appointment of 15 permanent secretaries

Dr. Adebusuyi further revealed that the workshop was not going to be a one-off programme, saying that the government had  lined-up more of such workshops in order to involve all stake-holders in the implementation and workability of all government’s policies and reforms with a view to create socio-economic growth in the state.

Comments

News

Rainstorm plunges forty Ogun communities into darkness

Published

on

By

Forty communities in Ogun State have been plunged into darkness following a rainstorm on Sunday.

The downpour, which began midday, destroyed electricity facilities in some parts of the state, leading to a blackout.

“Due to broken poles occasioned by the heavy downpour at Ota and Mowe, customers in the following communities: lyana lyesi, Osuke Town, Egan Road, lyana Ilogbo, Ijaba, Ijagba, Itele, Lafenwa, Singer, Joju, Alishiba, Oju Ore, Tollgate, Eledi, Akeja, Abebi, Osi Round About, Ota Town, Ota Industrial Estate, Igberen, lju, Atan, Onipanu, Obasanjo, Lusada, Arigba, Odugbe, Ado-Odo, Igbesa, Owode,” the Ibadan Electricity Distribution Company (IBEDC) said in a statement late Sunday.

“Olokuta, Hanushi, Bamtish Camp Lufiwape, Eltees Farm, August Engineering, Spark Cear Soap Ayetoro, Amazing Grace Oil, Christopher University, Royal Garden Estate, Pentagon Estate, and environs are experiencing power outages”.

It called on residents of the areas to avoid “contact with the broken poles, saggy wires or any other electrical installation affected by the rain.

“Our technical team is working to clear and replace the broken poles and installations to ensure power supply is restored as soon as possible,” IBEDC said.

A video circulating on social media showed fallen electricity poles on vehicles in a flooded Sango-Ota area of the state.

ALSO READ  Report of review c'tee on Ajimobi's contracts will aid anti-corruption drive - Oyo govt.

Continue Reading

News

Israel Vows To Increase ‘Military Pressure’ On Hamas In ‘Coming Days’

Published

on

By

(FILES) Israeli Prime Minister Benjamin Netanyahu (Photo by Abir SULTAN / POOL / AFP)

Prime Minister Benjamin Netanyahu on Sunday said Israel will increase “military pressure” on Palestinian militant group Hamas in a bid to secure the release of hostages held in Gaza.

“In the coming days we will increase the military and political pressure on Hamas because this is the only way to free our hostages,” Netanyahu said in a video statement on the eve of the Jewish holiday of Passover, threatening to “deliver additional and painful blows” without specifying.

Despite an international outcry, Netanyahu has repeatedly said that the army will launch a ground assault on Rafah, a southern Gaza city so far spared an Israeli invasion where more than 1.5 million Palestinians have taken refuge.

The army has said some of the hostages abducted from southern Israel during Hamas’s October 7 attack that sparked the war were being held in Rafah.

Military spokesman Rear Admiral Daniel Hagari said in a televised statement later on Sunday that “the chief of staff has approved the next steps for the war,” without offering details.

“On Passover, it will be 200 days of captivity for the hostages… We will fight until you return home to us.”

Continue Reading

News

FG to Launch CNG Initiative Ahead of Tinubu’s Anniversary

Published

on

By

The presidency announced on Sunday that the Federal Government is gearing up to launch its compressed natural gas (CNG) initiative in May, coinciding with President Bola Tinubu’s upcoming first anniversary in office.

Tinubu had declared the end of the fuel subsidy era during his inauguration, a move that led to a surge in fuel prices.

However, he assured the public of implementing measures to mitigate the impact, including the introduction of CNG-powered mass transit buses and tricycles.

According to presidential aide, Bayo Onanuga, the initiative is now ready to be set in motion after nearly a year in the making.

Onanuga stated in a late Sunday statement, “In all, over 600 buses are targeted for production in the first phase that will be accomplished this year.”

He further elaborated on the plans, mentioning, “A new plant on the Lagos-Ibadan Expressway will assemble thousands of tricycles.”

Onanuga revealed that parts manufactured by Chinese company LUOJIA, in partnership with local entities, are en route to Nigeria and expected to arrive early in May.

He added, “About 2,500 of the tricycles will be ready before May 29, 2024.”

The Federal Government aims to procure “5,500 CNG vehicles (buses and tricycles), 100 Electric buses, and over 20,000 CNG conversion kits,” Onanuga explained.

ALSO READ  Oyo #ENDSARS panel concludes public hearing on 163 petitions

He also highlighted efforts to facilitate the development of CNG refilling stations and electric charging stations.

President Tinubu’s approval of tax and duty waivers in December 2023 has paved the way for collaboration with the private sector to advance the initiative.

Onanuga noted, “The private sector has responded with over $50 million in actual investments in refueling stations, conversion centers, and mother stations.”

Additionally, plans are underway to assist petrol-powered buses and taxis in transitioning to CNG. Onanuga assured, “Thousands of conversion kits for petrol-powered buses and taxis that want to migrate to CNG are also ready with CNG cylinders.”

In response to negotiations with labour unions over the subsidy removal effects, Tinubu has urged patience from Nigerians, expressing confidence in the long-term benefits of his reforms.

As part of the government’s efforts, a package includes a temporary pay increase for federal employees, suspension of VAT on diesel, and social security cash transfers to the poorest citizens.

Continue Reading
Advertisement

Tweets by ‎@megaiconmagg

Subscribe to our Newsletter

* indicates required

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Trending