Ogun Govt. Begins Road Construction In Abeokuta

The Ogun State Government has commenced the construction of a 7.5km six-lane dual carriage, Ogun Standard Road, along the Enugada-Adatan-Ajitadun-Mokola-Ake axis in Abeokuta.

The State Governor, Ibikunle Amosun, assured residents that the project and other ongoing projects across the state would be completed in record time.

While monitoring a demolition exercise to pave way for the road, Governor Amosun reaffirmed that his administration will not abandon any project.

He promised that more developmental projects that will be of immense benefit to Ogun citizens would be constructed before the end of his tenure.

The Deputy Governor, Yetunde Onanuga, also thanked the people for their cooperation, saying there was no resistance of any kind against the demolition.

According to her, it was an indication that the people appreciate the development government is bringing to the area.

On his part, the Commissioner for Works and Infrastructure, Olamilekan Adegbite, said the State Government is paying a total of eight billion Naira as compensation for the houses affected by the demolition exercise.

Adegbite, who revealed that about two billion Naira had already been disbursed, added that apart from payment of compensation, the State Government is also providing temporary relocation support for the aged and physically challenged affected by the demolition exercise.

Some of the residents who spoke to reporters, Mr Sina Akinpelu and Mrs Monsurat Akinbile, expressed satisfaction with the development.

They urged the State Government to fast track the compensation plan, as well as ensure timely completion of the project as promised.

Nigeria’s Senate Opposes Sale Of National Assets

Senate on Corruption FightFederal lawmakers in the Nigerian Senate at the beginning of legislative proceedings for the week passed a recommendation opposing the sale of government’s assets.

The Senate President, Dr. Bukola Saraki, had last week in his address to lawmakers recommended that the executive should raise capital from the sale of the nation’s assets and other sources to shore up reserves.

He said the sale of assets would calm investors, discourage currency speculation and stabilise the economy that is in recession.

However, lawmakers are strongly opposed to this recommendation.

The lawmakers also approved a recommendation that the National Assembly should amend Section 162 of the Constitution to give legal backing to the executive to save money for times of economic slump?

It is a necessary law, some lawmakers believe, as previous administrations end up sharing excess crude oil sales money between states since there was no law to back its retention.

The proposed assets sale has drawn diverse reactions, with some against the decision saying revenue generated through the sales could be frittered away.

Nigeria has lost huge revenue to corruption and many fear corrupt officials could embezzle the funds. They are suggesting that the government should look at other means of generating funds or explore the right channel in the privatisation of assets.

Fiscal Stimulus Plan

Explaining the government’s fiscal stimulus plan earlier on Saturday, the Minister of Budget and National Planning, Senator Udo Udoma, said that the primary objective of the plan was not to sell off all major critical national assets but to source immediate funds to reflate the economy and implement capital projects in the 2016 budget.

Nigerian Goods
Udo Udoma said intention of the government was to source immediate funds to reflate the economy in recession

Senator Udoma gave the explanation in Lagos at the weekend while briefing reporters on the forthcoming Nigerian Economic Summit.

He said the intention of the government was just to get enough money to fund the 2016 budget and get the economy back on the path of recovery.

The government, he stated, needed to inject a large dose of funds into the system to get the economy back on track and to faithfully implement the provisions in the capital budget tailored at reflating the economy and aiding the diversification process.

Senator Udoma further explained that the country had lost almost half its expected revenue and would need to urgently source for the shortfall to enable the government faithfully implement the budget.

“This unfortunate scenario prompted the Economic Management Team to urgently work out a fiscal stimulus plan to generate immediate large injection of funds into the economy through asset sales, advance payment for license rounds, infrastructure concessioning, use of recovered funds, among others, to reduce the funding gap.

“The other option would have been to source for additional loans, beyond the level of borrowing already projected for in the 2016 Budget.

“This would not be a wise option as it would raise the level of debt service to an unsustainable level.” a statement by the Minister’s spokesman, Akpandem James, read.

On September 22, the National Economic Council approved President Muhammadu Buhari’s strategies to pull the economy out of recession.

This was done during its meeting in Abuja, chaired by the Vice President, Professor Yemi Osinbajo.

Adeosun, Governors
National Economic Council meeting

The council of ministers and governors debriefed the Finance Minister, Mrs Kemi Adeosun and the Minister of Budget and National Planning, Mr Udoma Udo Udoma as well as the CBN Governor, Godwin Emefiele on the strategies to take the country out of the woods.

Briefing State House correspondents after the closed-door meeting, the Deputy Governor of Ogun State, Yetunde Onanuga, said that the Central Bank would henceforth adopt best options to manage the situation.

Other areas of urgent intervention were also agreed upon by the council to immediately inject larger funds into the economy, including meaningful diversification and more stringent importation cuts.

Nigeria’s economy has slipped into recession with a 2.06% contract in Gross Domestic Product in the second quarter of 2016.

According to a report of the National Bureau of Statistics the decline has caused the Naira to get weaker while lower oil prices dragged the oil sector down.

The output shrunk by 0.36 in the first quarter.

During the quarter, nominal GDP was 2.73% higher at 23.48 million Naira at basic prices.

This growth was lower than the rate recorded in the second quarter of 2015 by 2.44% points.

Ogun First Lady, Olufunsho Amosun Marks 50th Birthday

Olufunsho amosun It was a day of worship and thanksgiving for the wife of the Governor of Ogun State, Dr Mrs Olufunsho Amosun.

The soft spoken first lady of the state joined the golden league of 50 and she decided to mark this special day with a church thanksgiving service which held at the Government House chapel in Abeokuta,

It was indeed a modest way for the celebrant to say thank you to God for the gift of life and his infinite mercies in the past years.

Family members, friends and associates which included members of the State Executive Council, members of the state and national assemblies, joined the celebrant and her husband, Governor Ibikunle Amosun to mark this unique day in her life.

The Ogun State Deputy Governor, Mrs Yetunde Onanuga, Senator Lanre Tejuosho, wife of former president, Mrs Bola Obasanjo were some of the dignitaries who graced the occasion.

Ogun Govt. To Start Paying Salaries With BVN

BVNThe Ogun State Government has said it would commence payment of workers’ salaries with the Bank Verification Number (BVN) starting from April.

The State Government on Friday, said that the plan would allow government have a grip on the number of workers in its pay roll.

The decision was part of the fall-out of a meeting with the state’s labour leaders which was aimed at finding an amicable resolution to some of the contentious issue which led to an industrial action by the state workers.

The meeting was attended by the Deputy Governor of the state, Yetunde Onanuga and the Secretary to the State Government, Taiwo Adeoluwa among others.

While giving the rationale behind the decision, Mr Adeoluwa maintained that the action was not to witch hunt anyone, but attempts to ensure accountability in government finances.

Speaking on behalf of the labour leaders who attended the meeting, the Chairman of the Joint Negotiating Council, Dare Ilekoya, seized the occasion to demand that membership of cooperative societies be made voluntary by the government.

Deductions from cooperatives is one of the issues in contention by the Labour Unions.

Ogun State Women Walk For Chibok Girls

Chibok girls protestWomen in Ogun state in south-west Nigeria have added there voices to calls on the Federal Government to ensure the safe and timely release of the Chibok school girls adopted by the Boko Haram sect 366 days ago. 

Leading a group of women in Abeokuta, the state’s capital, on a solidarity walk for the freedom of the girls, the wife of the state Governor, Mrs Olufunso Amosun and the wife Deputy Governor elect, Mrs Yetunde Onanuga, prayed for the safety of the girls and called on relevant authorities to take the assignment of finding the girls seriously.

The women in their hundreds walked from the MKO, Abiola Stadium through major streets of Abeokuta praying and singing  solidarity songs.

Among them were the wife of the former President, Olusegun Obasanjo, Mrs Bola Obasanjo and state cabinet members.

The walk took them to the governor’s office Oke-Mosan, to deliver their open letter to the Federal Government through Governor Ibikunle Amosun.

The secretary to the state government, Mr Taiwo Adeoluwa, alongside the head of service and the deputy governor elect received the women.

Mr Adeoluwa told the women that the Ogun State government would continue to contribute its quota towards the rescue of the abducted schoolgirls.

The women have resolved to put pressure on relevant agencies so that the Chibok girls could be found.

The over 200 girls were taken from their school’s dormitory in Chibok, Borno State by member  of the Boko Haram sect on April 14, 2014.