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No More Political Interference in Running Oodua Group – Abiodun

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Kunle Idowu, Abeokuta

Ogun State Governor Prince Dapo Abiodun says owner states of the Oodua Investment Company Ltd will no longer interfere in the running of the conglomerate.

The governor made the stance of his counterparts known while receiving in audience the board and management of the conglomerate, led by its Group Chairman, Otunba Bimbo Ashiru.

He expressed delight at the successes recorded by the company in recent years.

Commending the sense of creativity, direction and purpose of the new management team, Prince Abiodun noted that he and the other South-West governors adopted a non-interference approach in order to reposition the conglomerate to reflect the true worth of the people of the zone.

He said: “I want to recall that in 2019 when I assumed office, my colleagues and I sat and we decided that it was high time we began the process of repositioning Odu’a and that the present Odu’a at that time did not reflect the quality of us as a people of the South-West.

“We decided that no longer would we want an Odu’a where the members that represent the various states are just politicians; that we would ensure that we have members that are fit for purpose, and also that we should ensure that even the management itself and the directors are professionally recruited so that they can complement the board.

“Today’s Odu’a is a complete departure, night and day from what Odu’a used to be.

“I want to commend your sense of creativity, direction, purpose, sincerity, and commitment to all that you signed up to do, and we are very happy with the results we have seen.

“Because of that, all the governors have adopted a non-interference approach; we have decided not to interfere with you. We are happy with what we are seeing.”

Governor Abiodun also noted that his administration has come up with an inter-ministerial business environment council saddled with the responsibility of ensuring that investors don’t find it difficult to set up businesses in the state, adding that the state is number three in internally generated revenue in the country.

Abiodun noted that reforms and the level of efficiency and effectiveness in governance as well as the ability to block leakages and loopholes without putting so much burden through increased taxes on the citizens are some of the reasons why the state would continue to soar in its determination to improve its internally generated revenue.

He added that his administration had created business clusters across the state, such as Remo, Ijebu, Egba, Magboro, and Yewa.

He disclosed that his administration has acquired an Electronic Certificate of Occupancy equipment that could sign 2,000 Certificates of Occupancy per day.

He said that his administration had to sanitize the entire land bureau of the state with the appointment of a tested hand to ensure the smooth running of the office, adding that his administration is fast tracking the processes so as to also ensure that the reforms reflect who the state is.

“People are buying land; they are speculating. We have issues with land speculators. We had to practically shut down our lands department for a while and appointed somebody new to oversee the land administration in the state.

“We have a backlog of Certificate of Occupancy (CofO) and today, I think, we are the first state to implement our ‘Electronic Certificate of Occupancy’ equipment that has a machine that can sign 2,000 certificates of occupancy in a day because it is important for you to have your CofO.

Speaking on infrastructure in the South Western zone, Governor Abiodun said that he and his governor colleagues from Lagos and Oyo states are looking to light up the entire Lagos-Ibadan Expressway, ensure there is internet facility on the road, just as he also noted that they are looking to deploy drones to complement the ones already bought by his administration to ensure security of the people.

Earlier in his remarks, Otunba Ashiru commended the governors of member states for appointing capable hands into various boards of the company, noting that the issue of diversification is very key to the company.

Ashiru also disclosed that the company has been given a license for the marginal field, noting that Odu’a Investment Company is on the verge of becoming an oil-producing organization in the country.

On the hospitality business of the company, Ashiru also noted that the company currently has a joint venture with international hoteliers, saying that an agreement has been signed for the increase of rooms in Premier Hotel from 87 to 150.

The group chairman, who noted that the company is looking at having an industrial park along the interchange, added that a Chinese company is on the verge of investing in the power sector of the South West with an interest in 1000 megawatts per state of the zone.

NEWS

Yuletide: Bode George Urges Tinubu to Reduce Petrol Price

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Chief Bode George, a former Deputy National Chairman of the Peoples Democratic Party (PDP), has urged President Bola Tinubu to reduce the price of petrol   to N300 per litre ,to make things easy for Nigerians during the festive season.

George, the Atona Oodua of Yorubaland, made this plea at an interactive session with newsmen on Wednesday in Lagos.

The price of Premium Motor Spirit, popularly known as petrol, is currently above N1,000 per litre.

According to the elder statesman,Nigerians  are going through hardship, the President should give an order to reduce fuel price, specifying time frame the people will enjoy such window of relief.

He said that the federal government as well as well- meaning individuals and businesses could bear the cost of such price slash , to bring happiness to all Nigerians.

The PDP leader, who noted that December and January are  special months , said that such gesture could start from the  middle of December and run through January.

“I have been thinking, as a Nigerian, what can we do because the anger and the hunger are almost equal on the streets of Nigeria.

“What am I suggesting is that Mr President should sit down with his managers and give an order that from the middle of December to the end of January, the cost of petrol will be N300 per litre.

“The government can absorb the losses in the interest of the suffering people.

“If they (government) want others to contribute, let us know how much that is going to cost and ask people to donate, to bear the cost.

“We will be sending a lot of messages of happiness across the tribes and homes.

“Everybody in Nigeria will be happy because it will positively impact on this period of the year. It is a challenge and he (Tinubu) can do it.

“We need this in this December and January to put smiles on the faces of Nigerians, ” George, a PDP Board of Trustees (BOT) life member, said.

Advising the President to take further measures to bring relief to the people, he said that the gesture would crash prices of essential commodities and services for the benefit of all .

He said that government’s efforts should be concentrated on reducing high inflation rate, unemployment, poverty and youth restlessness  in order to create a better future for Nigerians

Speaking on the recent presidential election in Ghana, George noted that Nigeria’s electoral system  needed reforms to guard against electoral frauds and manipulations.

According to him, the nation will continue to grope for development if the system fails to encourage best candidates  to emerge.

Stating that election must reflect the wishes of the people and be devoid of  religious and tribal sentiments, George said that Ghana election should be a wake up call for Nigeria.

“INEC performance must improve. The commission must make sure that the voice of the people is  heard in elections.

“Electoral offenders should be made to face the music and sent to jail. We must be very firm about due process, credibility and transparency in elections,” he said.

Urging the President to revisit resolutions in the 2014 Constitutional Conference, George said that the current constitution was not federal in principle and practice.

“We should not deceive ourselves, the constitution is a problem. It is a military constitution, it is not democratic,” he said.

George called on the National Assembly to ensure devolution of powers and electoral reforms that would do away with manual collation of election results and mandate electronic transmission of election results from polling units.

George disagreed with political watchers saying no  vacancy in  presidency in 2027.

On the dwindling strength of the former ruling party, George, who noted that all organisations had its ups and downs, said that selfish interests and disregard for  party rules remained PDP’s major challenge.

He said that PDP could bounce back and win presidential election if the leadership decided to elevate national interest above selfish interests and adhere to the party’s constitution.

“We will tell ourselves some serious old truth. We messed ourselves  up. ” he said.

Stating, however, that the PDP was not dead, George said that lack of justice, equity, fairness and the inability to adhere to the  party’s zoning and rotational principle cost the party victory in 2023.

Calling on the party’s founding fathers alive to wake up and rescue the party, George said that Nigerians were still waiting for the former ruling party to take over power and put things right. (NAN)

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Tinubu Set for Groundbreaking of Renewed Hope City in Lagos 

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President Bola Tinubu, is set to perform the  groundbreaking of 2,000 housing units of the Renewed Hope City in Ibeju Lekki, Lagos, in the next few weeks.

Mr Ahmed Dangiwa, Minister of Housing and Urban Development, announced this during an official assessment visit, on Wednesday in Lagos

Dangiwa said Lagos would represent the South-west, while the president would do that of the North-West in Kano, before doing that of the four other regions.

“Arrangements is already on ground, we have gotten sites, and work has commenced for 2000 houses in the Renewed Hope City that we intend to build in Ibeju-Lekki,” he said.

Towards achieving the set goal, the minister said the visiting team also paid a courtesy visit to Gov.

Babajide Sanwo-Olu to discuss area of collaboration between the federal and state governments.

He disclosed that the federal and Lagos state governments had agreed to set up a Tripartite committee and ensure all the issues of concerns between the parties were resolved amicably for the benefit of all.

Earlier, the Minister embarked on an assessment visit of deplorable Federal Government buildings and assets across Lagos state in a bid to commence rehabilitation on them in a few months.

Dangiwa said the rehabilitation was necessary as the deplorable buildings posed a challenge and security concerns to the Lagos state government. (NAN)

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Gov. Alia Presents N550.1bn as 2025 Budget Estimate to Benue Assembly 

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Gov. Hyacinth Alia on Wednesday presented the sum of N550.1bn as the 2025 appropriation bill to the Benue State House of Assembly for consideration and passage into law.

Alia told the lawmakers that out of the total budget size, N175.4 billion is for recurrent expenditure while the N374.

7 billion is for capital expenditure.

The governor said that the total estimate represented a 47.

5  per cent increment over the 2024 revised and approved figure of N373 billion.

He stated that the appropriation bill tagged “Budget of Human Capital Development, Food Security, and Digital Economy” was to consolidate the gains made in 2024.

Alia further explained that the proposed recurrent expenditure of N175.

4 billion was 13.55 per cent higher than the previous year.

According to him, budgeted capital expenditure of N374.7 billion represents a 71.5 per cent increment on the 2024 revised capital expenditure.

“The budget breakdown indicated that the sum of N212.2 billion, representing 38.52 per cent is for administration; N196.6 billion, representing 35.68 per cent is for the economy; law and justice will take N26.6 billion, representing 4.84 per cent while social welfare will gulp N115.5 billion, representing 20.96 per cent.

“We have the vision. We have the will. And most importantly, we have the people ready to work alongside us to turn this vision into reality.

“Together, we will build a state where every citizen has the opportunity to succeed, where food is plentiful, and where the digital economy opens new frontiers of opportunity for all,” he said.

The governor said the intention of the government was to stay within the limits of its recurring revenue to build the state without accruing unnecessary debts for generations unborn.

He, however, said that since the 2025 budget was a deficit one, it proposed a borrowing plan of a conservative sum of N26bn, representing a modest 4.7 per cent of the proposed aggregate expenditure for 2025.

“This is lower than the state’s debt-to-GDP ratio of 8.2 per cent which is within the benchmark of the 25 per cent debt sustainability threshold.

“Despite these favourable debt ratios, I want to reiterate that borrowing will only be considered as a last resort and for regenerative investment purposes,” he added.

Alia stated that the problem of Internally Displaced Persons (IDPs) remained a challenge, adding that they have reasonably improved their living conditions.

He said the Bureau of International Cooperation and Development has elicited substantial grants from donors, totalling N85bn. (NAN)

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