Osun Is Sustainable If……………… Finance Commissioner

The economic challenges facing Nigeria as country are not hidden and the State of Osun being an integral part of the Federation is not isolated from the effects of such challenges.

Therefore every right thinking State government and by extension state’s ministries on whose shoulders the responsibility of managing finances at that level rests must chart a new course for itself in order to sustain government businesses and aspirations. 

Commissioner for Finance, Mr Bola Oyebamiji made this remarks while addressing the Management and the entire staff of the Ministry at the conference hall of the Ministry, Finance building, government secretariat, Osogbo. 

Mr Oyebamiji explained that the essence of the meeting is to sensitise the staff as a major stakeholder in the generation of revenue to the state government. He urged the staff to see themselves as revenue marshals of the government. 

He noted the fact that the state like every other states are facing serious financial challenges at this critical period since the one-way traffic sources of revenue from Federal Government coffer are either getting tighter or seriously drying up,hence the need for the Ministries and the State in general to put on the thinking caps and double her efforts towards opening new revenue channels and intensify the exploration of the old or traditional revenue sources. 

Finance Commissioner who expressed the hope that if all concerned stakeholders and the citizenry are committed to paying taxes and other levies due to the state, then the state would be freely fulfil it’s responbilities of developing the state. 

He then assured the staff that there are rewards such as promotional and financial incentives that await every outstanding officer in the Ministry especially those that participated in the Internal Generated Revenue as reward of hard work is hard work. 

He therefore commended the governor ,Ogbeni Rauf Aregbesola for his ingenuity at managing the state resources  to give the state a new look .

Osun Gets N6.3bn From Third Paris Club Refund

The State Government of Osun has received a sum of six point three billion (6.3 billion) naira as the third tranche of the Paris Club refund.

Commissioner for Finance, Mr. Bola Oyebamiji made this known yesterday.

Oyebamiji disclosed that, the Apportionment Committee headed by revered labour icon, Hassan Sumonu will sit over the fund and make necessary decision on the fund and will be disbursed as it is usual.

The Commissioner stated that, the committee will act quickly to put the fund at the disposal of the entire people of the state.

Speaking on the development, the State Commissioner for Information and Strategy, Adelani Baderinwa said the availability of the fund at this time is the Lord’s doing.

According to him, God has always been making things possible when it seems there was not going to be anyway. God has eased off the financial problem which seemed intractable by his miracle with the arrival of the Paris Club refund.

Baderinwa said civil servants and the general people of the state will a financial ease of life when the N6.3billion is disbursed for the benefit of all.

He thanked the active and non active public servants for their cooperation and support to government since the country was ran into financial crisis. He urged them not to relent in this virtuous behaviour that has made the progress and development of the state as stakeholders.

Baderinwa said he was sure that a new dawn of abundance and happiness will soon come to Osun where life will be more abundant for all.

Osun Cultivates 1,500 Hectare Of Land For Cocoa

The Osun State Investment Company Limited (OSICOL) has cultivated 1,500 hectares of land for cocoa to boost the state’s internal generated revenue (IGR).

Addressing reporters in Osogbo, the state capital, OSICOL’s Managing Director Bola Oyebamiji said 623 hectares of cocoa had been planted at Ibokun and another 523 hectares at Iwo.

Oyebamiji identified the large scale cultivation of cocoa and palm tree as a long-term panacea to the state’s dwindling economic fortune.

According to him, the state has what it takes to revive its economy, if cocoa and oil palm cultivation is embraced.

Oyebamiji, who urrged Southwest residents to embrace cocoa and oil palm cultivation, noted that apart from the comparative advantage it has over other crops, mix cropping with it would also help to sustain the farmers.

The COSIL chief stressed that until Nigerians were able to produce the substantial part of what they consume, the economy would continue to dwindle.

He blamed the present economic downturn on overdependence on oil.

Aregbesola’s Critics Would Soon Praise Him – OSIC Boss

Osun State Investment Company’s managing director, Alhaji Bola Oyebamiji yesterday remarked that Aregbesola’s critics would later eulogize his intimidating achievements in the state at the end of the day. Oyebamiji, who made the remark in an interactive session with newsmen in Osogbo, charged the governor to disregard his political detractors who would want to get him derailed in achieving his positive aim in governance.

He however counseled Aregbesola to forge ahead in his developmental projects which had transformed the state in the last few years of his administration. Oyebamiji specifically lauded the massive road construction projects of Ogbeni Rauf Aregbesola.

Speaking with newsmen in Osogbo, Oyebamiji noted that the bane of location of industry in Osun State by investors has been lack of good road networks adding that with the measures taken by Aregbesola, investors will be encouraged to invest in the state.

The managing director also identified large scale cultivation of cocoa and palm trees as long term panacea to the dwindling economic fortune of the state, saying that the state has what it takes to revive its economy if cocoa and oil palm cultivation is embraced.

According to him, Osun Investment Company has cultivated no fewer than 1,500 hectares of cocoa with 623 hectare in Ibokun and 523 hectare in Iwo.

While charging the people in the South West to embrace cocoa and oil palm cultivation, Oyebamiji noted that apart from the comparative advantage it has over other crops, mix cropping with it would help sustain the farmers.

Alhaji Oyebamiji maintained that until Nigerians are able to produce substantial part of what they consume, the economy will continue to dwindle blaming the present economic downturn on over dependence on oil.

To further boost the economy of the state, the managing director disclosed that the company is planning to establish a petroleum refinery to be located at Dagbolu in Olorunda local government area of the state.

He further disclosed that the investment company has estates spread all over the country including 34 three bedroom apartments in Lagos, 14 flats in Abuja and another 19 flats in Ikoyi, Lagos.

Osun Community Protests Invasion By Thugs

Koba Ope community in Osogbo, Osun State capital yesterday appealed to Osun State governor, Ogbeni Rauf Aregbesola to intervene in alleged invasion, intimidation, harassment, and assault on members of the communities by thugs of Fountain University Osogbo.

Addressing the press in Osogbo, the chairman of the community, Imam Ayatullah Abudulkabir Adepoju said members of the community that shared boundary with the university have continued to suffer in the hands of rented thugs.