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Reconstructed Akesan Market:Makinde assures marketers of soft loans, equitable allocation of stalls

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Oyo state governor, Mr. Seyi Makinde on Friday commissioned the newly reconstructed ultra-modern Akesan Market in Oyo town, declaring that the development would boost the state’s economy.

The governor while commissioning the market assured that original shop owners will first be taken care of.

He explained that the new market comprises of 528 lock-up shops; 163 open shops; 3 warehouses; 1 cold room; a police post; an administrative block; a clinic; two toilet blocks; two car parks and four water hydrants.

He added that the market has industrial boreholes and proper road network.

“I can never forget that day in January 2020 when the Akesan Market was razed down by the fire. It was indeed a sad day. Many of you here lost everything in your shops.

“But we made a promise then, that we would rebuild this market. We said we would do it in one year. Well, COVID-19 came, and even though we did not do a total lockdown in Oyo State, it still affected us somehow. But today, just 18 months after that sad incident, I am happy to hand over to you the newly and completely reconstructed Akesan Market.

“Let me also say that everyone who had a shop in this market will get their allocations first before other shops are let out by the developers. Are you not proud of your new market? Did we add beauty or we did not add beauty to it? So, what you have here now is 528 lock-up shops 163 open shops, three warehouses, one cold room, a police post, an administrative block, a clinic, two toilet blocks (one male and one female), two car parks, one inside and the other outside the market, four water hydrants at each complex.

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“We do not pray for bad things to happen. But they say once beaten, twice shy. So, we have taken that precaution that should there be any fire, it will be quickly put out.

“We also have industrial boreholes and you can see that the roads have been properly networked and interlocked just as you expect to see in any modern market all over the world,” he said.

He therefore charged all the traders to take personal responsibility for the maintenance of the market.

“So, now you have your market back. It is beautiful. But you have to promise one thing. Yes, there is an administrative block here and their job is to make sure that everyone in this market follows the rules. We also have a Police post here to enforce the rules. But, if we don’t change ourselves and how we think, rules alone are not enough.

“For example, you have been given toilets. But if the toilets are not kept clean and properly maintained, it will quickly fall into disrepair and then the local government authority will start talking about increasing the prices of the shops because maintenance cost is high. So, what I am saying is that you all should take personal responsibility for the maintenance of this market”, the governor added.

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In his remarks , the Alaafin of Oyo, Oba Lamidi Adeyemi III said: “After this market got burnt on that fateful day, we were perplexed and nobody ever thought something like this could come out of the same land again. Though, some people came to give us money but what they gave could not even build two shops.

“When Seyi Makinde came and said he would rebuild it and make it a befitting market, I was marveled. And are we not supposed to thank him?

“So, I really appreciate Governor Makinde’s effort on this. I thank him for what he has done for me personally and for the people of Oyo State entirely.”

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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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