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Sanwo-Olu Commissions Mini Stadium, Computerised Youth Centre In Ikorodu

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• Governor lists infrastructure scorecard in Ikorodu, as work commences on Ijede-Gberigbe Road

• 74 claimants get N500 million compensation on properties demolished for road projects

Ikorodu Division in Lagos State, on Thursday, throbbed with palpable excitement for the inauguration of twin projects built for the youth by the State Government. Governor Babajide Sanwo-Olu fulfilled his pledge, delivering a state-of-the-art mini stadium and a computerized Youth Centre in the Ita-Elewa area of the ancient town.

Sanwo-Olu commissioned both facilities during his working visit to Ikorodu to inspect State Government’s capital projects across the area. A large crowd thronged the Ikorodu Town Hall, where the Governor and members of the cabinet met with residents to get feedback on how the programs and policies of the Government are impacting lives.

Chairmen of all the six local councils that make up the Ikorodu division were in attendance with their deputies and councilors. Also, members of the Governance Advisory Council (GAC) from the division attended the event.

The Youth Centre project, initiated and completed by the Sanwo-Olu administration, is aimed at providing a conducive environment for sporting and catering for the education and vocational needs of youths in Ikorodu.

The mini-stadium, built with a semi-standard basketball court, was developed by the State’s Ministry of Youth Development. Office of the Senior Special Assistant on Sustainable Development Goals (SDGs) to the President and member representing Ikorodu in the House of Representatives, Hon. Jimi Benson supported the stadium project by building spectators’ stands and the pitch.

The intervention, Sanwo-Olu said, are initiated to address growing social vices and create a platform for young people to realize their potential in sports, education, and vocational development.

The Governor said more youth centers were at various stages of completion in some areas across the State, including Badagry, Orile Agege, Isheri, Epe, and Ikeja, pointing out that the objective was not to leave young people behind in development programs of the Government.

He said: “The visit to Ikorodu today is to meet and engage with our citizens to see first-hand, how programs and policies of our administration are touching and impacting lives. This visit comes with a package of treats for the youth, as I am pleased to deliver the newly completed Ikorodu Youth Centre here in Ita-Elewa. Also being commissioned is a mini-stadium built by our Government.

“These youth-focused projects are to provide a conducive environment for sporting activities, while also catering for education needs and vocational development of our teeming youth population of Ikorodu and environs. With facilities like these, we hope to keep our young people off the streets and reduce social vices, such as drug abuse, prostitution, and hooliganism.”

Ikorodu division has benefitted immensely from numerous infrastructure renewal projects initiated by the Sanwo-Olu administration in areas that include healthcare, housing, agriculture, education, drainage, roads, and transportation. The Governor, last year, completed and commissioned Ijede Road, which opens into Ewu Elepe and Itamaga.

Ongoing projects of the State Government in Ikorodu include the construction of Agric-Isawo-Konu-Arepo Road, Ikorodu Roundabout, construction of Emuren Junction and Parafa Along on Ikorodu-Imota Road, upgrading of Bola Ahmed Tinubu-Igbogbo-Igbe Road, construction of Oba Sekumade Road, improvement project at Sulaimon Soderu Bypass and construction of Powerline Road in Akasoleri, among others.

Responding to Ikorodu residents’ feedbacks, Sanwo-Olu announced that construction work on the second phase of Ijede Road, which starts from Ewu Elepe into Gberigbe, would commence on Saturday, noting that the Government and the contractor had sorted all issues delaying the road project.

The Governor also informed the Ikorodu residents that the State Government had set aside funds for the overhaul of Odogunyan Expressway, a boundary road that connects Lagos and Ogun States. He said the only thing delaying the project was the counterpart funding from the Federal Government, promising that the rehabilitation work would commence on the road immediately after the counterpart funds were made available to the contractor.

He said: “Ikorodu division offers the State a vast area of land for agricultural development. It is, for this reason, we chose the division as the site of the State-owned 32 Metric Tonnes per hour Imota Rice Mill, which is the largest in sub-Saharan Africa. We will be bringing Mr. President to commission the rice mill, which has an annual production capacity of 2.5 million bags of 50kg rice.

“On business and investment front, our administration has facilitated the establishment of Libra Cycle, a Domestic Export Warehouse (DEW), sitting on 12 hectares of land in Ibeshe, and which serves as a bonded terminal providing depot services to eight of the world’s biggest shipping lines. We completed and delivered 480-unit homes in Babatunde Olushola Benson Estate, while also commissioning a 40 metric tonnes Liquified Petroleum Gas (LPG) Refill Plant in Igbogbo-Baiyeku Local Council Development Area (LCDA), thereby creating hundreds of jobs for young people in the supply chain.”

Sanwo-Olu praised all the six council chairmen in the division for good representation which the All Progressives Congress (APC) has at the grassroots, urging them to deliver more projects that would change the lives of the residents.

Commissioner for Youth Development, Hon. Segun Dawodu, listed other facilities in the mini-stadium to include a volleyball court, table tennis section, 200-capacity hall, snooker and pool table, fully-equipped gymnasium, ICT Centre with Internet, counseling section for wellness and people with drug and mental challenges.

Also, there is a vocational section for the training of youths in different vocations. The facility is powered by a 250Kva generator.

Chairman of Ikorodu Local Government Area, Hon. Wasiu Adesina, acknowledged the Governor’s transformation strides and commitment to the physical development of the town, stressing that all challenges being faced by Ikorodu residents were being gradually solved.

The council boss said despite the paucity of funds, all councils in the division had complimented the State Government’s efforts in road construction, strengthening of security architecture in the division, and empowerment programs.

Adesina said: “We are delighted that you have shown exceptional courage in the manner in which you championed the course of the upgrade of Lagos State Polytechnic in Ikorodu to University of Science and Technology. On agriculture, it gives us a lot of joy that Ikorodu houses the biggest rice mill in West Africa. Your vision for Ikorodu development is becoming a reality and your policies have brought about laudable developments in the area of security, infrastructure, tourism, transportation, and job creation.”

The council boss appealed to the Governor on the upgrade of Odogunyan Industrial Estate and renovation of royal palaces in Imota, Igbogbo, Isiwu, Ipakodo, Ijede, and Ibeshe.

In line with promises made to those affected by construction projects going on in Ikorodu, Governor Sanwo-Olu handed N500 million compensation to 74 claimants and worship centers whose structures were demolished to pave way for the construction of Igbe-Igbogbo-Bola Ahmed Tinubu Way.

BIG STORY

BON Awards Hosts Memorable Book Reading Of Do As You’re Told Baji

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On November 24th, 2024, the Best of Nollywood (BON) Awards organized a captivating book reading of Do As You’re Told, Baji, authored by the renowned writer Lola Shoneyin. The event, held at 11 a.m. in Kwara State, celebrated the power of storytelling and the importance of fostering a culture of reading among families.

Among the distinguished attendees were the First Lady of Kwara State, Ambassador Olufolake AbdulRazaq, alongside notable figures such as Wole Ojo, Cynthia Clarke, Chioma Okafor, Segun Arinze, and Kemi Adekomi, who added prestige and insight to the event.

In her remarks, Ambassador Olufolake AbdulRazaq highlighted the vital role of parents in fostering a love for reading among children. “Parents should cultivate the habit of reading with their children,” she said. “It’s not just about education—it’s about creating lasting memories and strengthening family bonds.”

The reading of Do As You’re Told, Baji showcased Lola Shoneyin’s vibrant and relatable storytelling, leaving participants inspired to embrace literature as a means of cultural and personal enrichment. The event also featured engaging discussions about the book’s themes, celebrating the depth and diversity of Nigerian literature.

This initiative reinforces the BON Awards’ dedication to promoting the arts, literacy, and the celebration of Nigerian creative talents.

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BIG STORY

An Aspirant Gave Each Delegate $30,000 During PDP Primary In 2022 — Dele Momodu

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Dele Momodu, publisher of Ovation Magazine, says he regrets spending about N50 million to buy the presidential nomination form of the Peoples Democratic Party (PDP) in 2022.

Momodu spoke in a recent interview on Eden Oasis, published on Sunday.

The journalist and politician said the primary was heavily monetised, with a particular aspirant doling out $30,000 to each of the 774 delegates who voted during the election.

The politician stated that he would not vie for any party’s presidential ticket unless he is adopted as a consensus candidate.

“Experience is the best teacher. I have come to realise that there are powers that you can describe as principalities that control Nigeria,” he said.

“Unless a major political party decides to adopt me — where you have a consensus of people who say Dele Momodu is best suited to change and to lead Nigeria. Then I will consider it.

“But if I have to pick my money to buy a presidential nomination form of about N100 million… I spent about N50 million to buy the form for the last one.

“N50 million would have bought me a property. It was a waste. I didn’t get even one vote because everything was monetised.

“One of the candidates paid as much as $30,000 per delegate, and we had 774 delegates.

“So, how do you want to compete with them? They have stolen the country blind and are doing all kinds of deals to make money, especially those in the oil-rich areas.

“It is not easy. You can’t compete with them. That’s why they insult Nigerians anyhow because of the amount of money available to them in raw cash. There’s no country where people buy raw cash like Nigeria.

“The bulk of their money is not in any bank. So, they are not traceable to any bank. So, they have the money. If today you say to some politicians that you need $500 million to become a president, they will find it.

“So, people like us, where will I start from?”

Momodu was one of the presidential hopefuls of the PDP at the time. He did not secure any votes during the exercise.

Atiku Abubakar clinched the presidential ticket with 371 votes to beat his closest challenger, Nyesom Wike, now minister of the federal capital territory (FCT), who polled 237 votes.

Abubakar was defeated by Bola Tinubu of the All Progressives Congress (APC) in the 2023 presidential election.

Bukola Saraki, former senate president, scored 70 votes; Bala Mohammed, Bauchi governor, got 20 votes; Udom Emmanuel, former governor of Akwa Ibom, secured 38 votes; while Pius Anyim, former secretary to the government of the federation, polled 14 votes.

Sam Ohuabunwa, a businessman, alongside Momodu and Ayodele Fayose, the former governor of Ekiti, received zero votes.

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BIG STORY

Nigeria Has Saved $20bn From Subsidy Removal, Naira Float Policies — Finance Minister Edun

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Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from “petrol” subsidy removal and market-based pricing of the foreign exchange rate.

Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.

“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on “PMS”; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.

“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”

Edun said these flows now return into the government’s coffers for further deployment to the aforementioned sectors.

“The real change that has happened with the measures of Mr. President is that nobody can wake up and their target for the day or for the week or the month or the year is to get access to cheap funding, cheap funding exchange from central bank, which they can now flip,” Edun said.

“And overnight, they become wealthy from no value added for doing virtually nothing, except you know the right people. Similarly, they can no longer try and be part of a new peak market and very inefficient “petrol” subsidy regime as a way of making money overnight.”

On May 29, President Bola Tinubu said the “petrol” subsidy regime was over.

Three months later, TheCable reported that Tinubu was considering a “temporary subsidy” on “petrol” as crude oil prices and foreign exchange rates soared.

After several denials of the return of “petrol” subsidy by the authorities, the Nigerian National Petroleum Company (NNPC) Limited, on August 19, said the federal government owes it N7.8 trillion for under-recovery.

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