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We’ll extract value from mineral resources, agriculture to develop Oyo – Makinde assures

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Oyo state governor, Mr. Seyi Makinde has declared that his administration’s determination to extract value from mineral resources abundant in the Oke Ogun area of the state, and the competitive advantage of the area in terms of agriculture to boost agribusiness and the state’s Internally Generated Revenue, IGR, remains on course.

Governor Makinde made this disclosure during a visit to the palace of the Okere of Saki, Oba Khalid Olabisi, where he met with traditional rulers from Oke Ogun Zone 1, assuring them that his government will continue to do everything possible to develop the state and uplift its people.

According to a statement signed by the Chief Press Secretary to the governor, Mr. Taiwo Adisa, Governor Makinde was in Oke Ogun to inspect ongoing works at the headquarters of the Oyo State Agribusiness Development Agency (OYSADA), Saki.

The governor  who maintained that Oke Ogun is a treasure base for Oyo State, and that his government will treat it as such, highlighted some of the on-going projects aimed at developing the zone in line with the economic expansion agenda of the administration.
According to the governor, the on-going 68-kilometre Moniya-Iseyin Road, the on-going OYSADA Complex construction, the on-going Saki Township Road construction, as well as the location of the 72 Mobile Police Squadron base in Ago-Are, were some of the efforts to develop the zone as a treasure base of the state.

Commenting on the on-going OYSADA Complex, the governor said: “I have inspected the on-going project of OYSADA Headquarters that we brought here. Though they have made some progress, I am still not satisfied. They promised that it will be completed by 10th of December but they said there were challenges with evaluation and release of funds. Now, that is being resolved and I look forward to coming back here by the end of March. I will spend about 10 days; with the whole of government functionaries that will be here with me.”

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The governor added that he has already signed an agreement that all the mineral resources in Oke Ogun should be mapped so that the state will be able to extract value for itself and the Oke Ogun region.

The governor equally called on the traditional rulers to continue to support his government, stating that the progress being experienced by the state is an indication of the fact that the traditional rulers and other leaders were doing what they are supposed to do.

He said: “Apart from the fact that I came to greet Kabiyesi and other paramount chiefs that are here seated, I pray that we shall live to see the coming year and shall be a fulfilling one for us.

“I really want to appreciate you for the support you are giving to the current administration in Oyo State. It is your government too. If a state is progressing, it means the rulers at the helm of affairs are practically doing what they are supposed to do. And 2020 in particular has been a very challenging one. We can see that all of us are wearing face masks and observing other guidelines because we are faced with pandemic and economic meltdown. So, it was really tasking. Of course, in our locality here, the issue of banditry is also another issue.

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“For instance, Saki shares an international border and it is more of an international issue because we have bandits all the way from Mali that are trying to cross. Once they gain entrance into anywhere they can operate, they will stay there.

“When we inaugurated Amotekun, you gave us your support. When some bandits went to the bush at Kishi, we were able to flush them out with all the efforts of all of us here.
“So, we want to use this opportunity to say thank you to you all.”

Remarking,  the Okere of Saki, appreciated the governor and his entourage, stating that the Makinde administration has done many things to make people happy, especially in Saki.

He said: “On Saki Township Road, we are gradually seeing light at the end of the tunnel. The speed at which the project is being done is commendable. Really speaking, in the Oke Ogun axis of the state, we have so many things to thank Governor Makinde for.

“Many of our people also asked us to thank you concerning the way you handled the LAUTECH divorce issue successfully. We have also heard that you are planning to make it a multi-campus institution. We want to beg you that we need two campuses here in Oke Ogun.

“If you have observed, our axis is the only zone that is backward in Oyo State, which is not supposed to be so. I am saying this because we are blessed with many mineral resources. We just want someone that can support us a little bit. And who will? It is actually the government.”

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The meeting had in attendance the Speaker of the House of Assembly, Hon. Adebo Ogundoyin; the chairman of the Oyo State Advisory Council, Senator Hosea Agboola; Deputy Chief of Staff, Hon. Abdulmojeed Mogbonjubola; Commissioner for Establishment and Training, Alhaji Siju Lawal.
Others were the Director-General of OYSADA, Dr. Debo Akande; the Director-General, Due Process, Ms. Tara Adefope; Senior Special Assistant to the Governor on Sustainable Development Goals, Hon. Kunle Yusuff; full-time Commissioner in the Local Government Service Commission, Hon. Oyesina Oyedeji, among others.

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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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