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Oyo govt. to upgrade 679 health facilities with N50bn endowment fund.  

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Oyo State Government has said that it will hold its N50bn endowment on Thursday, August 3, 2017, assuring that the fund will be used for infrastructural upgrade of 679 health facilities in the state.

The State Commissioner for Health, Dr. Azeez Adeduntan, who disclosed this on Thursday during a Press Conference held at the Conference Theatre of the Ministry of Information, Culture and Tourism, Ibadan, stated that the fund will be utilized for the establishment of a cardiovascular center which will provide up-to-date routine and emergency care in a bid to reduce sudden deaths arising majorly from cardiovascular causes.

Dr Adeduntan, in company of his counterpart from Ministry of Information, Culture and Tourism, Mr. Toye Arulogun and the Consultant on the N50bn Endowment Fund, Dr Bola Olaosebikan, noted that the fund will also be used for the upgrade of existing secondary health facilities in the 33 LGAs and the primary care facilities in the 351 wards of the State as well as engagement of qualified medical personnel for the afore-mentioned health facilities.

According to him, “the State has already commenced the construction of five (5) secondary level facilities in five (5) LGAs previous without such facilities. Presently, construction of these facilities is at various levels, but the Fund will adequately allow for full completion. Also, it will ensure that there is availability of up-to-date equipment for use in these hospitals.”

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The commissioner further explained that the endowment fund will be used for infrastructural upgrade of 57 hospitals and 622 Primary Health Care centres, assuring that the fund will be administered with utmost transparency and accountability.

Dr Adeduntan expatiated that the fund will be managed in a public purse separate from Government account by a Board of Trustees comprising notable Nigerians led by renowned Professor of Medicine, Chief Oladipo Akinkugbe, stressing that the first phase of the endowment activities will span the next two (2) years with the possibility of extension.

Dr. Adeduntan explained “since all other vital sectors of the economy in the State are also competing for attention at the same time with the health sector, the government had no other alternative than to call on individuals, corporate organizations and well-meaning indigenes of the State to donate generously towards N50billion health endowment fund. We need the support of well meaning Nigerians to take our health sector to the next level.”

Speaking at the Press Conference, the State Commissioner for Information, Culture and Tourism, Mr. Toye Arulogun noted that the Senator Abiola Ajimobi administration met health care services in a bad state, saying however that the sector has been revamped and free medical services provided to over one million citizens.

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He reiterated that the present administration has placed health care delivery on the front burner, noting that there is need for concerted efforts to ensure the sector is not moribund and static.

In his own address, the Consultant of the project, Dr. Bola Olaosebikan, who noted that the Endowment fund is the first of its kind in Nigeria, commended the State Government for supporting the lofty idea and assured that many organizations from within and in the Diaspora are ready to contribute to the fund.

He therefore called on well-meaning Nigerians to give Oyo State government huge support by donating generously towards the N50billion health endowment fund.

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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