Oyo State Govt Approves Contract For 84.7km Ibadan Inner Road, Other Initiatives

December 8, 2023
Supreme Court Judgment On LG Autonomy Not A Silver Bullet To Nigeria's Problems – Makinde

In a move following Governor ‘Seyi Makinde’s pledge to revamp internal roads in Ibadan, the Oyo State government has approved contracts for the reconstruction and repair of inner-city roads within the Ibadan metropolis, covering a span of 84.75km.

At the 8th Executive Council Meeting, the state government approved multiple infrastructure projects to be undertaken by companies including KOPEK, RATCON Construction Company Ltd, Messrs Peculiar Ultimate Concerns Ltd, and Craneburg Construction Company.

Join our WhatsApp Channel

During a press briefing at the Secretariat, Government House, Agodi, Ibadan, the Commissioner for Public Works and Transport, Prof. Daud Shangodoyin, unveiled the scope of these endeavors. “We have approved contracts for the rehabilitation and construction of various internal roads in Ibadan totaling 84.75km,” he affirmed.

READ ALSO: 2024 Budget: Gov Makinde Presents N434.4bn, Education Gets Highest With 20.8%

Shangodoyin provided insight into the extensive road rehabilitation planned by the Oyo State Road Maintenance Agency (OYSROMA), amounting to N553,604,734.3 for a three-month timeframe.

Additionally, he updated on the Senator Rashidi Ladoja Circular Road Project, citing significant progress on bridges and interchanges, with over 90% completion.

Approval was granted for the initiation of the 32km road infrastructure section, awarded to Messrs Craneburg Construction Company Limited and Messrs KOPEC Construction Company Limited.

Meanwhile, Commissioner for Culture and Tourism, Dr. Wasiu Olatunbosun, announced the state government’s approval of N2,791,569,918.28 for the 2023 Federal Government UBEC-OYOSUBEB special intervention counterpart fund. This allocation includes N1 billion for the upgrade and launch of Emmanuel Alayande University of Education, Oyo.

Moreover, Dr. Olatunbosun shared that the United Nations Educational Scientific and Cultural Organisation (UNESCO) had conferred global status upon the annual Sango Festival as a world heritage, emphasizing its cultural significance.

Commissioner Shangodoyin outlined the detailed plans for road improvements, stating, “We considered and approved five briefs in the area of infrastructure.” He delineated the specific roads and companies assigned to their reconstruction and rehabilitation under OYSROMA’s purview.

The Commissioner also highlighted the approval for an N150bn AFREXIMBank and Access Bank facility by the Ministry of Finance, earmarked to finance the Circular Road and generate subsequent revenue for the state upon completion.

Furthermore, the Commissioner for Women Affairs and Social Inclusion, Mrs. Toyin Balogun, disclosed the compensation of N645 million for 692 residents of the Ajia community whose land was acquired by the government for developmental purposes.

The Commissioner for Budget and Economic Planning, Prof. Musibau Babatunde, shared updates on the Sustainable Action for Economic Recovery (SAfER) program, noting that 526 residents had received loans amounting to N152,475,000 across the state’s geopolitical zones.

However, the Commissioner for Information and Civic Orientation, Prince Dotun Oyelade, highlighted the approval for establishing the Oyo State Rule of Law Authority, aimed at promoting adherence to legal frameworks among citizens and residents.

emmmmmm
+ posts

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Naira Appreciates, Ends Week Positive Across Official, Black Markets
Previous Story

Naira Gains 12.83% Against Dollar, Closes At N843/$1 Amid Forex Dynamics

Court Jailed Fraudster Of Defrauding 34 Victims In 13 Countries Of $592,000
Next Story

Court Jails Fraudster Of Defrauding 34 Victims In 13 Countries Of $592,000

Featured Stories

Latest from Finance & Economy

NNPCL’s Revenue, PAT Drop In July

NNPC Sets 2026 Agenda After Record Oil Output

Nigeria’s state oil company, NNPC Limited, has reported record production and outlined plans to drive investment and operational efficiency in 2026. In a New Year address to staff, Group Chief Executive Officer Bashir Bayo Ojulari highlighted milestones from 2025, including upstream oil
Shettima Promises Economic Recovery For Nigeria In Less Than 15 Months

Shettima Leads Delegation to Davos, Opens Nigeria House

Nigeria has opened a dedicated pavilion, “Nigeria House,” at the World Economic Forum (WEF) in Davos, Switzerland, as Vice President Kashim Shettima leads the country’s delegation to the 56th annual meeting. The WEF, which runs from 19 to 23 January, brings together

CBN, Policy Shifts and Economy

By Arize Nwobu The Central Bank of Nigeria (CBN) has worked dedicatedly alongside the federal government and implemented policy shifts towards the reconfiguration of the economy to foster stability and sustainable growth, increase overall economic efficiency and improve living standard. CBN policy

Sterling Bank Steps Up Environmental Sustainability Efforts

Nigerian banks are increasingly prioritizing environmental sustainability and climate action, with Sterling Bank leading the charge. The bank, in collaboration with Sterling One Foundation, Sunbeth, and government agencies, organized a nationwide Environmental Cleanup and Beach Adoption exercise, covering 17 states and engaging
Naira Appreciates, Ends Week Positive Across Official, Black Markets
Previous Story

Naira Gains 12.83% Against Dollar, Closes At N843/$1 Amid Forex Dynamics

Court Jailed Fraudster Of Defrauding 34 Victims In 13 Countries Of $592,000
Next Story

Court Jails Fraudster Of Defrauding 34 Victims In 13 Countries Of $592,000

Don't Miss

Gates Foundation Celebrates 20 Years of “Grand Challenges” With New Investments and a Call to Make R&D Breakthroughs Available More Quickly and Equitably

Commitments focus on advancing equitable access to artificial intelligence (AI)
Lyrics Of 'Nigeria We Hail Thee' National Anthem

Full Lyrics Of Old National Anthem

President Bola Tinubu has officially signed the National Anthem Bill