News
Oyo govt pays counterpart fund for World Bank project on rural access roads
Oyo State governor, Engineer Seyi Makinde, revealed on Wednesday that his government promptly paid the counterpart fund for Development Partners-backed Rural Access and Agricultural Marketing Project (RAAMP) to ensure accelerated development of the rural communities in the state.
The governor, who was speaking at the inauguration of the Project Monitoring and Technical Steering Committee, at the Government House, Agodi, Ibadan, said that the sum of N350 Million was paid two months into his tenure in office to facilitate the project.
The project, which was instituted in April 2016, had remained moribund as a result of the failure of the state to pay the 12 per cent counterpart fund required by the Development Partners including the World Bank, the French Development Bank and the African Development Bank (AfDB), among others.
A statement by the Chief Press Secretary to the governor, Mr. Taiwo Adisa, quoted Makinde as saying that the RAAMP would ensure quality and durable roads that would open up the rural areas for business.
He said: “When we came in, we met the RAAM Project almost moribund because Oyo State couldn’t pay its own counterpart fund. Within two and half months of our administration, we provided the counterpart fund and we were able to get the project back on track.”
The project, which was meant to construct, rehabilitate and maintain over 1000 kilometres of rural roads across 33 Local Government Areas and 35 Local Council Development Areas of the state is aimed at linking the state’s Agro-logistic hubs for economic and social development.
Governor Makinde said that the RAAMP is aimed at improving the standard of living of rural dwellers, ease access to transportation and enhance rural participation in economic development.
The governor further stated: “I want to congratulate the members of the committee… As a member of this committee, one thing we want to ensure is that quality is maintained.
“We don’t want situation like in the past whereby roads and critical infrastructure are constructed and before that administration will even leave office, the infrastructure would have got to a total state of decay and you will know that within a very short time, you won’t see those infrastructure again.
“A case in point is that we went to Eruwa this time last week, the road from Ologuneru to Eruwa, they are still working on it, it is yet to get to the final point at Eruwa, but we saw many sections of the road that have failed already. That is not what we want, quality has to be maintained.”
The governor also stated that besides the RAAMP, there are other opportunities the state is looking forward to in order to turn around the fortunes of the rural communities.
He said: “Apart from the RAAMP, we still have other opportunities, AfDB are still talking to us, and if, indeed, we are able to put pen to paper, Oyo State would become one of their Agro-processing centres and they will support infrastructure provision towards our rural areas.
“This is mango season; I have been to the innermost part of Oyo State. It is obvious that a lot of farm produce is being wasted. Until the farm produce gets to the people that need it, it is then the farmers can get quality for their produce.”
He added that the RAAMP is important to his administration because it was capable of enhancing its vision of expanding the economy, which he said is a major aspect of his administration’s objectives.
Earlier, the RAAMP coordinator, Dr. Moses Ayanlowo, said the project was aimed at internationalising the capacity and culture for coordination, construction, rehabilitation and maintenance of rural road networks that will ensure an all year-round accessibility to farms and agro-logistic centres and markets.
He, however, appreciated the Makinde-led administration for paying the counterpart funds, which he said had debarred the State from benefiting from the RAAMP since 2016, noting that the project will bring profitable agricultural enterprise to the State.
In his address, the Oyo State Commissioner for Agriculture and Rural Development, who also doubles as the Vice Chairman (Administration) for the steering committee, Hon. Ojemuyiwa Ojekunle, said the relaunching of the RAAMP was an indication of the1 current administration’s commitment to the agricultural sector.
He added that the initiative would encourage more investments in agribusiness and alleviate poverty for rural dwellers.
As Christians across the globe celebrate the resurrection of Jesus Christ, the Member representing Ibarapa East/Ido Federal Constituency of Oyo State, Engr. Aderemi Oseni, has urged Nigerians to draw inspiration from the message of Easter to strengthen national unity, renew their hope, and rise above the challenges facing the nation.
In a statement on Friday by his media aide, Idowu Ayodele, and made available to journalists, the lawmaker noted that Easter symbolises the triumph of life over death, hope over despair, and renewal over decay—virtues he described as urgently needed in today’s Nigeria.
He urged citizens to use the occasion as an opportunity to reflect on the country’s journey and commit to a shared vision of progress and peace.
“Easter reminds us that no situation is beyond redemption. Just as Christ conquered death and rose again, so too can our nation overcome its present trials—if only we act with faith, courage, and a common purpose,” Oseni said.
Acknowledging the economic and security challenges facing the country, he stressed the importance of collective resilience and unity among citizens. The lawmaker noted that while efforts are being made to address these issues—with signs of improvement—it is essential for Nigerians to continue supporting the President Bola Tinubu-led administration in its drive for national recovery and progress.
“Our strength lies in our unity,” he said. “We must resist the temptation to be divided by ethnic, religious, or political differences. Easter calls us to a higher sense of responsibility—to forgive, to heal, and to build together.”
Oseni, who also chairs the House Committee on the Federal Roads Maintenance Agency (FERMA), reaffirmed his commitment to grassroots development, and national transformation through quality infrastructure and people-centered legislation. He promised to continue using his position to advocate for policies that improve the welfare of his constituents and all Nigerians.
The APC chieftain further urged Christians to go beyond the rituals of Easter and live out its message in their daily interactions. “This season should inspire us all to be better citizens, better neighbours, and better leaders in whatever space we occupy.”
The lawmaker concluded his message with prayers for peace, stability, and renewed hope across the country, saying, “May this Easter mark a turning point in our collective story as a nation. May Nigeria rise, like Christ, into a new dawn of greatness.”
The Federal Government has declared Friday, 18 April and Monday, 21 April 2025 as public holidays to mark Good Friday and Easter Monday celebrations across the country.
This was announced in a statement issued on Tuesday by the Permanent Secretary of the Ministry of Interior, Dr Magdalene Ajani, on behalf of the Minister of Interior, Dr Olubunmi Tunji-Ojo.
“Announcing this on behalf of the Federal Government, the Minister of Interior, Dr Olubunmi Tunji-Ojo extended heartfelt congratulations to Christians across the country on this joyous occasion,” the statement read.
The Minister emphasised the significance of Easter, urging Christians to reflect on the virtues of sacrifice, love, and selflessness exemplified by Jesus Christ, who laid down His life for the redemption of humanity.
Dr Tunji-Ojo also encouraged Nigerians to use the holiday period to offer prayers for peace, unity, and stability in the country. He reaffirmed the commitment of President Bola Ahmed Tinubu’s administration to the Renewed Hope Agenda, aimed at driving national growth and development.
In his message, the Minister called on citizens to extend love and goodwill to their neighbours through acts of kindness and generosity, embodying the spirit of Easter.
He concluded by wishing Christians a blissful Easter celebration and extended warm holiday greetings to all Nigerians.
There was pandemonium on Tuesday at the Ibadan outlet of CBEX, a digital trading asset firm, as angry investors stormed the premises in protest, vandalising property and looting valuables.
The unrest, which occurred in the Oyo State capital, was triggered by reports that investors had been unable to access or withdraw funds from their accounts on the platform for several days. Matters escalated when many of them reportedly discovered that their investments had completely vanished.
The protest, initially peaceful, quickly degenerated into violence, resulting in looting and physical assaults on some staff members of the firm. Witnesses say the situation became uncontrollable as emotions flared and the aggrieved investors accused the company of operating a Ponzi scheme.
The affected investors were said to cut across various walks of life, including artisans, traders, and civil servants, all of whom had put their trust—and money—into the digital trading venture.
It took the intervention of security operatives to restore calm and disperse the rampaging crowd. Officers have since cordoned off the building and maintained a presence overnight to forestall further breakdown of law and order.
As of Wednesday morning, normalcy had returned to the area. Vehicular and pedestrian movement has resumed, with business activities gradually picking up.
Authorities are yet to issue an official statement on the matter, but concerned stakeholders are calling for a thorough investigation into the operations of CBEX to protect future investors from similar occurrences.
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