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Those eyeing Oyo Gov seat should wait till 2023 – Makinde

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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.

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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.

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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.

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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.

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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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