Oyo Govt. Satisfied With Ibadan Inland Dry Port, Standard Rail Works’ Spate - Mega Icon Magazine
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Oyo Govt. Satisfied With Ibadan Inland Dry Port, Standard Rail Works’ Spate

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The spate of works at the Ibadan Inland Dry Port at Akinyele local government in Ibadan and the ongoing construction of Lagos-Ibadan railway track have been described as satisfactory by Oyo State government.

 

The Director-general, Oyo State Investment and Public-Private Partnership Agency, Hon. Segun Ogunwuyi made this assertion when he embarked on inspection of the two projects on Thursday.

 

Ogunwuyi, alongside officials of Nigeria Shippers Council (NSC) and the Railway Corporation of Nigeria took a ride of the standard rail from Ibadan to Lagos to ascertain level of work done after which they visited the Inland Dry Port at Akinyele.

 

He added that the two projects would positively affect economic activities and standard of living of the people of the State, as they would provide job opportunities for the youths while the rail transport would ensure easy movement of people and goods at a cheap cost

 

“We have taken a train trip to see the level of work done towards Lagos and back, we moved to the Ibadan Inland Dry Port as well and I can say the level of work done is satisfactory.

 

“These two projects are commendable as they are going to have a lasting positive effect on our people, you can imagine the number of people that will be directly and indirectly engaged in the activities of the Inland Dry Port and the consequential economic impact.

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“We all know also that rail transport is the cheapest, it will afford our people to move to and from Lagos with less cost, while goods will be transported with ease as cargo rail will be there to haul goods.

 

“Look also at the relief that will be there for the roads that have been overburdened by movement of heavy trucks and thereby make the roads quickly get spoilt,” he said.

 

Hon. Ogunwuyi reiterated that Oyo state would continue to nurse the good relationship between the State and the Nigeria Shippers’ Council so as to achieve the desired economic transformation, targeted by the Seyi Makinde administration.

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Osun Economic Summit: FG to Site Specialised Agricultural Market In Ijebu – Jesa

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The Federal Government has expressed its readiness to site a specialised agricultural produce and international fish market in Ijebu –Jesa,  Oriade Local Government Area of Osun.

The Osun state Commissioner for Agriculture and Food Security, Mr Adedayo Adewole disclosed this at a meeting of the Project Implementation Committee (PIC) in Osogbo, the state capital.

Adedayo explained that the Federal Ministry of Trade and Investment, in conjunction with Agricultural Traders Welfare Association (ATWA), would be executing the project in the state.

According to the Commissioner, the project is a fallout of the economic and investment summit organised by the state government in November 2019 and targeted at boosting the economy of the state.

He said apart from the fact that the project upon implementation would boost the economy of Osun, it would also boost the business of fish farmers and marketers in the state and its environs .

Earlier, the representative of the PIC, Dr Joseph Okeke, lauded the state government for promoting discussion of the economic transformation of the state and Nigeria in general through agriculture and agricultural value chain.

Okeke, who also doubles as the National President of ATWA, noted that the project was targeted towards economic diversification by the Federal Government in the area of specialised agricultural market.

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“It is also geared toward job creation, enhancing economic activities and facilitating exportation of Nigerian commodities”, he added.

The committee, comprising of the project facilitator, Dr Gabriel Eniola, Osun Fish Farmers Association Chairman, Mr Tope Ogundipe and Osun Commissioner for Lands and Physical Planning, Mr Nathaniel Agunbiade among others later inspected the site.

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Adewale Raji gets another term as Odu’a Investment GMD

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Odu’a Investments Limited on Tuesday reappointed its Group Managing Director/Chief Executive Officer (GMD/CEO), Mr Adewale Raji for another term.

Contained in a statement issued by the company, Mr Raji’s reappointment followed an endorsement of his performance by the international auditing and management consultancy firm, KPMG, engaged by the six owner states of Osun, Ondo, Oyo, Ogun, Ekiti and Lagos to evaluate his performance in the last five years.

With his fresh appointment, Raji will now lead the conglomerate for another five years.

It would be recalled that his  five-year tenure had expired on May 31, 2019 but the shareholders granted him a six-month extension to allow KPMG assess  his performance. However, following a satisfactory evaluation, the shareholders at a meeting held on October 28, 2019 renewed his appointment for another term of five years with effect from June 1, 2019 and the Board also ratified the appointment.

No doubt, Raji’s first tenure witnessed significant growth in the Profit Before Tax from N378m and N495m in 2013 to N849m and N1.061b in 2018 for the holding company and the group respectively. In the same five-year period, a gross dividend of N1.208b was paid out to shareholders which is a record of consecutive dividend payout in the history of the company.

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His team initiated new businesses, particularly in agric-business and processing and the company was better managed with a very high sense of accountability and transparency while upholding the principles of corporate governance and safeguarding the interest of shareholders.

 

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30 Shops In Gbagi Marked For Demolition

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At least about 20 to 30 shops housed by Bola Ige International Business Complex, Gbagi, Ibadan have been marked for demolition by the Oyo state government.

The government said as part of its efforts  in restoring the popular market back to international standard, the identified shops which it described as illegally built would be demolished.

The state  commissioner for Commerce, Trade and Investment,  Hon. Adeniyi Adebisi, informed that the action became necessary in restoring Bola Ige International Business Complex, Gbagi, Ibadan back to international standard as provided in the master plan of the market so as to create a conducive environment for businesses within the State to thrive.

The Commissioner further added that the task force committee set up by Governor Seyi Makinde to restructure the business complex has submitted its report and implementation would follow in due course.

He, however  assured the market men and women that the state government remained committed to providing them the basic facilities that would promote the economic activities in the market.

 

 

 

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