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Oyo guber hopeful, Akande promises to create ministry of Ibadan Capital Development

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A gubernatorial aspirant in Oyo State, Professor Adeolu Akande,  has promised to create a ministry of  Ibadan Capital Development, (ICD) when he is sworn in as the governor of the state next year.

Prof Akande explained that the ministry will be at no additional cost to the state but will ensure that government activities for the development of Ibadan and welfare of its residents are better coordinated for optimal service delivery and accelerated development.

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He said the system that is in place now is “sectorally disjointed” and cannot develop the capital city at the rate he wants for Ibadan which he says is the pride of all indigenes of Oyo State.

Professor Akande said all government ministries, departments and agencies take actions that impact on the welfare of residents and development of the city without anyone having a helicopter view that will guarantee accelerated and optimal growth.

Akande stressed that the ministry of education is executing projects different from the ministry of health which is also doing something different from every other ministry. The ministries, he said, work in silos as regards the development of Ibadan, whereas a ministry of Ibadan Capital Development will coordinate all these silos to deliver accelerated development.

The guber aspirant alsk informed that the initiative would not be to the detriment of other parts of the state, because apart from the fact that there is hardly any community of Oyo State that does not have full representation in the 4 million population of Ibadan, Ibadan is the epicentre of the development of Oyo State and the development of Ibadan will yield benefits to all parts of the state. He said the ministry will also work on the integration of other towns to the delivery of goods and services that will take advantage of the population of Ibadan for the creation of wealth for people who live in those towns and communities.

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Prof Akande said he will also set up a project known as “Friends of Ibadan” through which the government will collaborate with eminent personalities who had lived in Ibadan, for the development of the city.

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He said thousands of eminent personalities across the world had enjoyed the hospitality of Ibadan when they were students or lecturers and workers at the University of Ibadan and the Polytechnic of Ibadan and other institutions and secondary schools and now occupy prominent positions across the world.

“We are going to seek such people out and collaborate with them to use their extensive networks to develop Ibadan.”

He said people like Chief Emeka Anyaoku, Prof Wole Soyinka,Chief Mike Adenuga of Glo fame, Oba Otudeko, Chief and Prof. Akinkugbe, Asiwaju Bola Ahmed Tinubu, Chief Gabriel Igbinedion and the scores of Southern African government officials and veterans who studied at the University during the fight against apartheid, Prof Jibril Aminu, Prof Richard Joseph, and others too numerous to mention who enjoyed the hospitality of Ibadan and could use their networks to facilitate projects that will accelerate the development of Ibadan.

” My vision is a functional city where children can go to good schools within a few kilometers of their homes. A city where health care is at the doorstep of residents or is a phone call away. A city that develops the enormous ICT skills of the youths on street corners and a city that will reclaim its glory of providing half of the nation’s teams in football and other sports.

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Prof Akande said there are over 90 countries and territories in the world who have less than the estimated 4 million population of Ibadan and which are doing well, making it imperative to take advantage of the population of Ibadan for development.

He said his government will also adopt the “City Twinning” strategy through which Ibadan will share experiences and facilities and support with other big cities around the world to fast-track its development.

“There are enormous resources out there that we can mobilise to development Ibadan for the benefit of all. We can access this through a vibrant twinning programme that will see Ibadan sharing knowledge, strategies, and resources with similar cities around the world for development”, he concluded.

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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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