News
Those eyeing Oyo Gov seat should wait till 2023 – Makinde
Oyo State Governor, Engineer Seyi Makinde, told his political opponents to wait till 2023 to face him at the polls.
The Governor, who was speaking while flagging off the reconstruction of the 65-kilometre Moniya-Ijaye-Iseyin Road, said that the people of Oyo State rejected the main opposition party in the state because they did nothing to develop the state.
A statement by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, quoted Makinde as saying that even though the previous administration awarded the contract for the rehabilitation of the road, the job was not done while the money released was shared for the purpose of elections.
“We have told them to meet us in 2023,” Governor Makinde said, adding: “Though they got money, they did nothing. They spent the money on elections but did you vote for them? If they come to ask for your votes, will you vote for them?”
The Governor further stated that he was determined to execute the Road contract as a way of fulfilling his campaign promise.
He said: “I appreciate you for giving us the opportunity to serve you. During our campaign from here [Moniya] to Oke-Ogun, I promised that I will reconstruct the road if I become the Governor and, today, I am happy that it is the same project we are flagging off.
He restated the resolve of his administration to construct infrastructure that will target the State’s economy, adding that when completed, the road, which is quite close to ongoing Dry Port project at Olorisaoko, will aid the movement of agricultural produces and mineral resources from Oke-Ogun area to the Dry Port for onward exporting.
The 65 kilometre road is being executed by KOPEK Construction Company, at the cost of N9.9 billion.
The Governor, who described the road as an important one that can uplift the economy of the State, said his Government was embarking on the total reconstruction of the road as opposed to the planned rehabilitation by the immediate past administration.
He berated how the road had been abandoned for years, culminating in loss of lives and properties as well as the destruction of farm produces due to the deplorable condition of the road.
The Governor further said: “On this project, we are not talking about patching but total reconstruction of the road. I know you are all aware that there is a Dry Port project ongoing here in Olorisaoko. So, when they are conveying agricultural produces and solid minerals all the way from Oke-Ogun, this is the point where we will be exporting them.
“You can recall that I also promised that the money we will spend on infrastructure will be targeted on expanding our economy and this road is a major road that can boost the economy of Oyo State. When we got into office, we discovered that the money that was awarded to carry out the road project was shared among those who held offices in the past administration. They spent the money on campaign and the last election and, upon that, you did not vote for them.
“This road was abandoned for eight years. Countless number of people have died on the road. Time has been wasted. In 2015, during the electioneering campaign, we had accident on this same road too but we thank God that no life was lost. It was because of that incidence that made me promise that if I eventually get the people’s mandate to serve the state, we won’t spend beyond 45 minutes to reach Iseyin from Moniya in the morning, afternoon and night. We will also mobilise security operatives to be patrolling the road.”
Governor Makinde added that State Government has given the contractor, KOPEK Construction Company, a mandate to deliver a quality road project that will be adopted throughout the State, noting that the company had been given the mandate to deliver a road with an asphaltic thickness of 50mm as against the 40mm thickness being targeted by the previous contractor.
He added that the challenges being faced by road users plying the road would be over in 12 months, charging the contractor, KOPEK Construction Company to deliver to time and to make sure it employs youths in the beneficiary communities as workers during the construction in order to create jobs for the teeming youths.
He said: “I want to assure you my people in Akinyele and Oke-Ogun, jobs are coming. Be united and be ready to work because being able to work is the antidote to poverty. I want to implore the contractor, KOPEK, to employ our youths. We want Oyo State’s money to remain in the State. I also want to tell the youths too to cooperate with the contractor. Try and be organised so that you can be given jobs that can give you earnings within the next one year.
“We don’t want this project to be abandoned again and that was why we had to make upfront payment of 60 per cent to the contractor. We want Messrs KOPEK Construction Company to complete this project within a year. By this time next year, I am coming to commission the road.
“I implore you all from Moniya to Iseyin to take care of the road. The standard of the road we want the contractor to do is the one we will adopt throughout the whole of Oyo State. For those who are familiar with Engineering work, 40mm is the thickness of the asphalt they did before but we have instructed the new contractor to make it 50mm because we expect that trailers will begin to ply through the road after completion.”
Earlier, the Commissioner for Public Works, Infrastructure and Transportation, Professor Raphael Afonja, stated that the goal of the State Government was to have the contract completed in 12 months, noting that the project “was conceived to bring the much-desired uplift to Oke-Ogun zone as the food basket of state in particular and Nigeria in general. It will also contribute significantly to improving socio-economic activities in Oke-Ogun zone in particular and Oyo State generally.
Afonja added: “The project in its earlier conception by the last administration was for limited rehabilitation, it has now been upgraded to a total reconstruction. The asphaltic surfacing has been increased from 40mm to 50mm and the stone base from 150mm to 200mm to provide a more durable road that will stand the test of time. We have also made provision to correct the inadequate system that was observed in the initial design of the road.”
Community leaders from Akinyele Local Government and Oke-Ogun areas, Alhaji Rafiu Adebiyi and Senator Hosea Agboola, appreciated Governor Makinde for making the road construction a reality.
… Assures Prompt Salary Payment
The Sole Administrator of Rivers State, Ibok-Ete Ibas, has announced the release of withheld local government allocations, assuring that necessary steps would be taken to ensure the prompt payment of workers’ salaries.
Ibas disclosed this on Thursday during a meeting with Heads of Local Government Administrators in Port Harcourt, describing the engagement as a crucial step towards restoring stability and progress in the state.
He lamented the economic hardship in the Niger Delta, noting that despite the region’s wealth of natural resources, many of its people continued to suffer.
“This is unacceptable,” he said, stressing the need for transformation and financial accountability.
The administrator expressed concern over the delay in salary payments across local government areas, acknowledging the struggles of affected workers.
“I feel the pain of the workers,” he stated, assuring them that the withheld allocations had been released and that his administration would ensure prompt payment of salaries.
However, he warned that financial discipline would be strictly enforced, directing all local government areas to submit their wage bills with supporting documents through the office of the Head of Service.
Ibas, a retired Vice Admiral and former Chief of Naval Staff, vowed to scrutinise public funds and take decisive action against mismanagement.
“Good governance is not just a slogan; it is a commitment to changing the negative narrative within the next six months,” he added.
He also emphasised the need for collaboration with traditional rulers and security agencies to enhance grassroots security.
“You must take the lead in ensuring security within your domains,” he charged local government administrators.
Reacting, the President of the Nigeria Union of Local Government Employees (NULGE) and Administrator of Port Harcourt Local Government Area, Clifford Paul, commended the Federal Government for appointing Ibas, attributing the decision to his leadership competence.
He urged the administrator to prioritise workers’ welfare, stating that local government workers were currently owed two months’ salaries.
“With the release of the withheld allocations, we are hopeful that workers will receive their entitlements soon,” he said.
Paul further called on stakeholders to seize the opportunity to rebuild trust and foster unity in the state.
President Bola Tinubu has sworn in Vice Admiral Ibok-ete Ibas (rtd.) as the Sole Administrator of Rivers State, following a brief meeting at the Presidential Villa on Wednesday afternoon.
Ibas’ appointment comes a day after Tinubu, in a nationwide broadcast, declared a state of emergency in Rivers State and suspended Governor Siminalayi Fubara, Deputy Governor Ngozi Odu, and all members of the Rivers State House of Assembly.
The President cited Section 305 of the 1999 Constitution as the legal basis for his action, stating that he could no longer stand by as the political crisis in the state escalated.
However, the suspension of Fubara and other elected officials has sparked widespread condemnation. Former Vice President Atiku Abubakar, Labour Party’s Peter Obi, senior lawyer Femi Falana (SAN), the Peoples Democratic Party (PDP), the Nigerian Bar Association (NBA), and several civil society groups have rejected the move, describing it as unconstitutional and undemocratic.
In contrast, the pro-Nyesom Wike faction of the Rivers State Assembly, led by Martins Amaewhule, has praised Tinubu’s decision, accusing Fubara of disregarding a Supreme Court ruling related to the state’s political crisis.
Vice Admiral Ibas, a retired naval officer, previously served as Chief of Naval Staff from 2015 to 2021 under President Muhammadu Buhari. Born in Cross River State, he attended the Nigerian Defence Academy in 1979 and went on to have a distinguished military career, rising to the highest ranks in the Navy.
He is a member of the Nigerian Institute of International Affairs (NIIA) and the Nigerian Institute of Management. In 2022, Buhari conferred upon him the national honour of Commander of the Federal Republic (CFR) in recognition of his service.
Ibas now assumes leadership of Rivers State amid a deeply divided political landscape, with tensions running high over the legality and implications of the emergency rule.
The Federation Accounts Allocation Committee (FAAC) disbursements to the federal, state, and local governments surged by 43 per cent in 2024, reflecting a major boost in government revenue inflows.
According to the latest FAAC Quarterly Review released in Abuja on Tuesday, the Nigerian Extractive Industry Transparency Initiative (NEITI) disclosed that a total of N15.26 trillion was allocated to the three tiers of government within the year under review.
NEITI’s Acting Director, Communication & Stakeholders Management, Obiageli Onuorah, described the disbursements as a historic high, noting that the allocations surpassed previous years by a remarkable margin.
Key Drivers of Revenue Growth
The report attributed the surge in FAAC disbursements to sustained fiscal reforms by the Federal Government, particularly the removal of fuel subsidies and foreign exchange rate adjustments. These policies have significantly boosted oil revenue remittances and overall government earnings.
Speaking at the official release of the report in Abuja, NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, highlighted the impact of these reforms on national and subnational finances. He noted that the withdrawal of fuel subsidies in mid-2023 reshaped revenue distribution and affected debt repayment deductions from state allocations.
Dr Orji stated that the objective of the report was to assess the sustainability of government borrowing, the fiscal implications of resource dependence, and the economic realities confronting states benefitting from the 13% derivation revenue from oil, gas, and solid minerals.
“The analysis focused on crude oil revenue derivation states, as solid minerals continue to underperform despite their significant potential,” he added.
Breakdown of FAAC Allocations
According to the NEITI report, FAAC disbursements in 2024 were as follows:
Federal Government: N4.95 trillion
State Governments: N5.81 trillion
Local Governments: N3.77 trillion
Total FAAC Disbursement (Including Derivation Revenue): N15.26 trillion
State governments recorded the highest percentage increase in allocations, jumping by 62% from N3.58 trillion in 2023 to N5.81 trillion in 2024. Local government councils saw a 47% increase, while the federal government’s share rose by 24% from N3.99 trillion in 2023.
The report highlighted that FAAC allocations grew by 66.2% over three years, rising from N9.18 trillion in 2022 to N10.9 trillion in 2023 and N15.26 trillion in 2024, with the most significant leap occurring between 2023 and 2024.
Economic Risks and Challenges
Despite the revenue boost, NEITI cautioned that economic risks associated with fiscal reforms must be managed effectively. Key risks identified include:
Inflationary pressures
Possible rise in debt servicing costs
Fiscal uncertainty for oil-dependent states
The agency urged governments at all levels to adopt innovative measures to cushion the impact of these economic challenges.
State-by-State Allocation Analysis
Lagos received the highest FAAC allocation in 2024, with N531.1 billion, followed by:
Delta State: N450.4 billion
Rivers State: N349.9 billion
Conversely, the least allocations went to:
Nasarawa State: N108.3 billion
Ebonyi State: N110 billion
Ekiti State: N111.9 billion
The report also showed that six states—Lagos, Rivers, Bayelsa, Akwa Ibom, Delta, and Kano—each received over N200 billion, collectively accounting for 33% of total state allocations. Meanwhile, the six lowest-receiving states—Yobe, Gombe, Kwara, Ekiti, Ebonyi, and Nasarawa—received only 11.5% of total allocations.
Debt Deductions Raise Fiscal Concerns
A total of N800 billion was deducted from states’ allocations for foreign debt servicing and contractual obligations, representing 12.3% of total state allocations.
Lagos State had the highest debt deduction, with N164.7 billion, followed by:
Kaduna State: N51.2 billion
Rivers State: N38.6 billion
Bauchi State: N37.2 billion
NEITI warned that many states with high debt burdens were among the lower FAAC recipients, raising concerns about debt sustainability and overall fiscal health.
With the federal and state governments increasingly reliant on oil revenue, the report emphasized the need for economic diversification, stronger financial management, and sustainable debt practices to ensure long-term fiscal stability.
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