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N24bn Monthly Salaries Drive Oyo’s Economic Stability — Gov. Seyi Makinde

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Oyo State Governor, Seyi Makinde, has stated that his administration has maintained economic stability by ensuring the monthly payment of approximately “N24 billion” in salaries to state and local government employees.

Makinde shared this information on Sunday when a group of “Muslim clerics,” “traditional rulers,” and “political officeholders” visited his “Ikolaba, Ibadan” residence after attending “Eid-el-Fitri” prayers at the “Agodi Eid Ground.”

According to a statement from his media adviser, “Sulaimon Olanrewaju,” the governor emphasized that his administration’s dedication to economic growth has attracted private sector investments to the state.

The governor stated, “My prayer has always been that this state will never go back to those periods, because if we have patience, all the things we want will be achieved.”

He further added, “One of those things we desire is economic stability in our state. Now, every four weeks, “N24 billion” gets into the economy of “Oyo State” through workers’ salaries. The wage bill of the state is now around “N14 billion,” while that of the local government is about “N10 billion.”

“Similarly, on the private sector side, a lot of people are now comfortable coming and investing in this state, and we have seen quite a lot of investments. Yesterday, we were at the “Ijaiye Farm Settlement” because of the “Farmers’ Wholesale Market” that is coming in there. I went there to inspect the place, and you will be surprised that in that settlement, we have “27,000 hectares” of land. We have asked them to carve out just “3,000 hectares” out of the “27,000” for that project.”

He urged residents to maintain peace and unity, emphasizing that development flourishes in a stable environment.

He said, “Let me also use the opportunity to say one or two things. When we cast our minds back to “2007,” a lot of things have happened since then. We can all see here how our people from different “political parties” went for the prayer at the “Eid Ground,” and everyone came together and came to greet me as the governor.

“We used to have the opposite of this in this state back then. You would hear people say before “Eid” that this one should not come and that one should not come.

“We passed through those periods and we saw the result and effects and we can compare them with what is obtained now. When we have an atmosphere of unity and live in peace with ourselves, there will be development and progress. That is what we are witnessing in the state today.”

The delegation, led by “Deputy Governor, Bayo Lawal,” included the “Otun Olubadan of Ibadanland, Oba Rashidi Ladoja,” “Senator representing Oyo South, Chief Sharafadeen Alli,” “former Deputy Governor and the Peoples Democratic Party Deputy National Chairman, Taofeek Arapaja,” and “Kamil Oloso,” among others.

The governor congratulated the “Muslim Ummah” on the successful completion of “Ramadan” and the celebration of “Eid-el-Fitri 2025.”

He praised them for their prayers, patriotism, and dedication to the state, as well as their support for his administration. He noted that the economic stability and progress being experienced in the state result from the peace and harmony among its residents.

Makinde encouraged all citizens to continue fostering this environment, emphasizing that every positive change they desire for the state is dependent on maintaining peace and unity.

“Let me also say this: “political office holders” across the country should do their best to improve things because it has been a difficult and challenging period for the people, but as they say, tough times don’t last, only tough people do,” he added.

Delivering a message from the “Olubadan of Ibadanland, Oba Owolabi Olakulehin,” the “Otun Olubadan of Ibadanland, Oba Ladoja,” urged the people to remain patient, steadfast, and hopeful despite any challenges.

BIG STORY

Stakeholders Engagement: Obasa Reels Out Renewed Hope Initiative Achievements

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  • “Renewed hope is not merely a slogan, but a call to action and a vision in progress,” – Obasa

 

Two years into President Bola Ahmed Tinubu administration’s Renewed Hope Agenda, Nigeria, according to Rt. Hon. Mudashiru Obasa, Speaker of the Lagos State House of Assembly, has witnessed an inspiring transformation – a rejuvenation of the economy, a renewal of the national spirit, and a reinvention of the Nigerian state.

Speaking at the 10th Constituency Stakeholders Engagement held inside the Agege Local Government Area secretariat hall on Thursday, Obasa disclosed that this year’s theme, ‘Governance in Action: The Gains of the Renewed Hope Agenda,’ was carefully chosen to highlight the tangible benefits of governance, particularly in alignment with the Renewed Hope Initiative of President Tinubu.

He stated, “This unique programme, which is holding across all the 40 constituencies in the state, gives us a viable opportunity to render an account of our stewardship as well as engage, interact, and strengthen our mutual relationship and solidarity, and to collectively address pressing matters affecting the growth, progress and development of our great community.”

According to Speaker Obasa, “Under the Renewed Hope agenda, the administration has aggressively tackled the challenges of economic stagnation and instability. Strategic economic reforms, including a re-engineering of fiscal policies and revenue-generating mechanisms, have boosted investor confidence and diversified our economy. These reforms have led to an improved credit rating and have laid a strong foundation for economic prosperity and sustainable development,” he said.

Recognising that robust infrastructure is the backbone of development, Speaker Obasa disclosed that the Tinubu administration has launched transformative projects nationwide, including new road networks, upgraded ports, and state-of-the-art public facilities, which he said are not only enhancing the quality of life but also reinforcing Nigeria’s position as a hub for commerce and innovation.

Further, Speaker Obasa said that because agriculture remains central to Nigeria’s quest for food security and self-sufficiency, “The Renewed Hope Agenda has driven significant investments into mechanised farming and modern agricultural practices. Improved access to financing and expanded markets have empowered our farmers, increased production, and positioned Nigeria as a potential agricultural powerhouse.”

He also highlighted the Tinubu administration’s investment in human capital, especially the students’ loan initiative under the Nigerian Education Loan Fund (NELFUND), describing it as a landmark policy that has brought renewed hope to our youths. “Campuses are now more peaceful, infrastructure is improving, and there’s a measure of stability in the academic environment across the federation. Education is once again becoming the tool for empowerment and national development,” he added.

Thus, Obasa opined, “The Renewed Hope Agenda is not by chance; it is a deliberate blueprint for national recovery and sustainability. It is designed to lift millions out of poverty by unlocking economic opportunities for all Nigerians — young and old – men and women, in both urban and rural areas.”

The Speaker drew a parallel between what is happening at the centre and in Lagos State, saying, “In consonance with the national drive for progress, Governor Babajide Olusola Sanwo-Olu has been a pivotal partner in the realisation of this shared vision. His tenure is characterised by innovative urban renewal projects, efficient public service delivery, and legislative collaboration for sustainable growth.

“Lagos, as the commercial nerve centre of Nigeria, has seen groundbreaking infrastructural developments. Modern transport systems, sustainable housing projects, and pioneering urban planning initiatives have transformed our cityscape, making Lagos not only a city of opportunities but a beacon of modern urbanism.”

He added that the proactive engagement between the Executive arm and the House of Assembly has led to the passage of progressive laws that support social welfare, environmental sustainability, and infrastructural innovation. “This strong legislative backing has been instrumental in creating an enabling environment for private investments and public-private partnerships,” Obasa added.

As he reeled out a long list of federal and state government achievements, and those he singlehandedly facilitated in his Agege Constituency, Speaker Obasa was intermittently interrupted by excited constituents belting out popular and political songs, underscoring in no small measure, their appreciation for the man who had dedicated the past 24years of his life to serving them as a legislator.

In his welcome address, Hon. Abdul Ganiyu Vinod Obasa, the acting executive chairman of Agege LGA, was filled with praises for President Tinubu’s steadfast commitment to restoring Nigeria to the path of economic stability and prosperity through the Renewed Hope Agenda. He promised to emulate the president in ensuring that the dividends of democracy reach every member of his community.
The event was attended by constituents, party leaders, traditional rulers, religious leaders, and members of various trade associations, among others.

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BIG STORY

JUST IN: President Tinubu Departs For 10-Day Working Vacation In France, UK

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President Bola Tinubu has left Abuja to begin a 10-working-day “working vacation” in Europe as part of his 2025 annual leave, the Presidency announced on Thursday.

In a statement by Bayo Onanuga, Special Adviser on Information and Strategy, the president’s itinerary includes trips to France and the United Kingdom, after which he is expected to return to Nigeria .

The statement did not clarify whether Tinubu will transmit a formal leave notice to the National Assembly under Section 145(1) of the 1999 Constitution (as amended), which allows the Vice President to act in his stead. Notably, both chambers are currently on recess .

This marks another foreign excursion shortly after a diplomatic mission to Japan and Brazil in late August, where Tinubu pursued trade, aviation, and security agreements during meetings in Japan and with President Luiz Inácio Lula da Silva in Brazil .

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BIG STORY

I’m The Most Experienced Oyo Governorship Aspirant In APC — Adebayo Shittu

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Adebayo Shittu, current Minister of Communications, has positioned himself as the most experienced candidate in the All Progressives Congress (APC) contest for the Oyo State governorship.

In a statement to journalists in Ibadan, Shittu cited his extensive political track record—spanning roles as a member of the Oyo State House of Assembly in 1979, a two-time State Commissioner, and two previous governorship bids—as qualifications that set him apart from other aspirants. “I was a member of the State House of Assembly in 1979 and two-time Commissioner in the State. I have also contested the governorship seat in the state twice before I became a minister. These are experiences you cannot buy,” he insisted .

Shittu emphasized the importance of experience in governance and governance readiness, underscoring the complexity of Oyo State’s political landscape. He added, “Oyo is advanced and sophisticated to be handled by inexperienced administrators” .

Drawing on his historical ties to Nigeria’s political heritage, Shittu noted that he gleaned invaluable insights from Chief Obafemi Awolowo, a foundational figure of Nigeria’s politics. He argued that this lineage of political mentorship enhances his capacity to govern effectively.

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