News
Oyo: ‘We’ll continue to put people first in every decision’ – Makinde
The Oyo state governor, Mr. Seyi Makinde on Thursday declared that residents of the state and Nigerians should be thankful to God for surviving 2020, stating that though many would describe the year as a tough one, God’s grace saw them through the various challenges that characterized the year.
The governor maintained that despite various events that set the state back economically, the state government was still able to record a huge reduction in the infrastructure deficit of the state.
Makinde, according to a statement signed by his Chief Press Secretary, Mr. Taiwo Adisa, stated these in a 2021 New Year Address made available to newsmen in Ibadan, the Oyo state capital.
He noted that though 2020 was characterised by drop in oil prices, which led to a huge drop in revenue from federal allocations and the attendant economic meltdown, the COVID-19 pandemic and the aftermath of the #EndSARS protests, among other challenges, residents of the state could still count their blessings.
According to the governor, the efforts of his administration in fixing the health, education and security sectors have yielded positive results, while the administration was also able to grow the Internally Generated Revenue, IGR, of the state.
He said: “As 2020 closes, I am reminded of the words of the very popular 1897 hymn by Johnson Oatman Jr, “Count your Blessings.” This song encourages us to take stock of the good things that happened in our lives. “When we do this, we often find that we have overlooked many positives.
“Many would describe 2020 as a tough year. At the beginning of the year, the drop in oil prices led to a huge drop in revenue from federal allocations and attendant economic meltdown. In March 2020, many states in Nigeria had cases of the coronavirus disease. “This necessitated an interstate lockdown by the Federal Government. Although we did not effect a total lockdown in Oyo State, we were not spared the economic and social effects of the COVID-19 pandemic. A few months later, we faced mass protests by the youths and others who were angry about police brutality. Events after the protests also set us back economically.
“However, our 2020 is not defined by these events. As the first stanza of that song says: “When you are discouraged, thinking all is lost, count your many blessings, name them one by one, and it will surprise you what the Lord hath done.”
“So, let me recount some of the blessings that 2020 brought us as a people.
“We continued working with our administration’s blueprint, the Roadmap to Accelerated Development in Oyo State, 2019-2023. And I am happy to report that we have continued to reduce our infrastructural deficit, slowly but surely.
“As at September 2020, we had recorded an Internally Generated Revenue (IGR) of 25.6 billion Naira. And using the half-year figures, that represented a 26.4 per cent increase in IGR year on year.
“Moribund industries such as the Pace Setter Quarry and Asphalt Plant, Ijaiye, Agbowo Shopping Complex, Ibadan and Pacesetter Fruit Processing Company, Oko, were handed over to concessionaires. All of these will be contributing to the economic development of our state.
“We are confronting the new challenges caused by the influx of people and businesses into Oyo State. More people are being attracted to our dear state because of our good governance initiatives and business-friendly environment. We believe that the complaints about the city’s traffic situation will soon be a thing of the past as we vigorously pursue road rehabilitations, expansions, and constructions. The bus terminals at Iwo Road, New Ife Road, Challenge and Ojoo will be commissioned in 2021.
“In Education, we have continued our strides with the construction of model schools, blocks of classrooms, perimeter fencing and sinking of boreholes. We have also engaged in teachers’ training and completed the recruitment of 5,000 teachers to reduce the student/teacher ratios in our secondary schools.
“We were able to resolve the lingering issue of the Ladoke Akintola University of Technology (LAUTECH), and Oyo State is now the sole owner of the institution.
“In Agriculture, we signed the Oyo State Agribusiness Development Agency (OYSADA) bill into law which provided for the establishment of OYSADA. We began renovating and expanding the Headquarters in Saki. We also initiated the Start Them Early Programme (STEP) in collaboration with the International Institute of Tropical Agriculture (IITA). This initiative takes agribusiness education to secondary schools. Additionally, we started training our youths in agribusiness with the Oyo State Youth in Agribusiness Tomatoes Project.
“The highlight of the past year in security is the commencement of operations of the Oyo State Western Nigeria Security Network (codenamed Amotekun). We know there will be teething problems, but rest assured that the corps will be serving the interests of the people of Oyo State. We also believe that all well-meaning residents of Oyo State will work with the corps to secure all 351 wards of our state.
“Our Healthcare sector witnessed improvements not only in infrastructure but also in recruitment and training. We took advantage of the pandemic to upgrade and rehabilitate Primary Healthcare Centres (PHC) at Igbo Ora and Awe. We also renovated and equipped the PHC at Aafin in Oyo Town and ALGON Comprehensive Health Centre at Eyin Grammar, Ibadan. We now have one Infectious Disease Centre at Olodo. At Ogbomoso, we renovated one wing of the LAUTECH Teaching Hospital. Whereas at Saki, we took an incomplete project and turned it into a 100-bed specialist hospital. Our plan to rehabilitate one PHC per ward in Oyo State is in full gear.”
Governor Makinde, who urged residents of the state to maintain a positive outlook for the New Year, said the state is open for business and that his government remains committed to its promise to uplift the state, stating that it would never take the support of the people for granted.
He added: “We will continue to maintain a positive outlook for 2021. Oyo State remains open for business. The Oyo State Investment and Public-Private Partnership Agency (OYSIPA) is always willing to discuss investment opportunities in Oyo State with both local and international businesses.
“We will never take for granted your continued support for our administration, nor will we take lightly our promise to serve. We remain committed to our promise to put you, the good people of Oyo State, first in every decision we make.
“And at the end of the year 2021, may we have even more reasons to look back and be surprised at the “many things that the Lord has done.
“May your year 2021 be better than your year 2020.”
The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.
The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.
Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.
He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.
“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.
Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.
While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.
Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.
He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”
Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.
He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”
Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.
The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.
This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.
In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.
“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.
As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.
-
Opinion3 days agoTinubu’s Naira Miracle: Abracadabra or Economic Wizardry? | By Adeniyi Olowofela
-
Politics3 days ago
Why Oyo State cannot afford another 3 years of Makinde’s mismanagement of council funds
-
News1 week ago
FERMA House C’ttee Chair, Oseni Consoles Sen. Buhari over mum’s death
-
Politics1 week ago
APC Urges Fairness in Oyo LG Election
