Oyo State Governor, ‘Seyi Makinde, on Tuesday, said that his government will access 1.68 per cent Development of Natural Resources Fund (DNRF), with the aim of revamping, revitalizing and repositioning the state’s economy.
A statement by the Chief Press Secretary to Governor Makinde, Mr. Taiwo Adisa, indicated that the Governor stated this while playing host to the Revenue Mobilisation Allocation and Fiscal Commission, led by the Chairman, Fiscal Efficiency and Budget Committee, Alhaji Adamu Shettima Yuguda, at the Government House, Ibadan, Oyo State.
The Governor maintained that the fund would be injected into the development of tourism, solid mineral resources and trade through infrastructure for the betterment of the state, and also set legacy for coming administrations.
He said: “I am happy that you have acceded to the request to come to Oyo State. At least, you can see us in our basic elements and I have seen your programme. You have the opportunity to see the state as we are.
“We are focused on three major areas in our request. On tourism, if you look at the suspended lake at Ado Awaye, it is one of only two in the entire world. One is here and one is in the United States. We hope to develop ours and we have fixed the road to develop it from Moniya to Iseyin, and you are going to pass on that road as you are going on. You can see the vision while driving towards that side.
“Also, in Oyo State, just like in Zamfara, we are blessed with solid natural resources. So, we are also looking at development in that area.
“As you pass towards the road to Ado Awaye as well, look at your right and left, we have lithium; and lithium is basically the gold for the future because all these electric vehicles, which is the way the world is moving towards as far as vehicle transportation is concerned, they will be run by batteries made from lithium. We believe we are sitting on the future gold. So, we want to develop on that.
“Also, on trade, I understand you want to visit the Bola Ige International Market. When you visit, you will see the bus terminals that we are currently building. Every time you go to the airport, you see people coming from Amsterdam. When they put down their bags, you see the inscription ‘see, buy and fly’. That is what they write on the bag. But here in Oyo State, as you pass by, we want you to see, ‘stay if possible and spend some money within our environment here.’
“So, accessing this fund for us will allow us to even do more and I am glad that our own representative at RMAFC is here. I did not appoint him but he was appointed by the previous administration. But for us, we know that players of politics will come and go but our state will remain.
“So, we are working together not minding where we are on the political divide because we know our state is our state and whatever we do, the people coming behind us will take it up from whatever we have been able to achieve.
“If we build 10 kilometres of road and we build it solidly, the next people coming don’t need to do up to that. They can add 5 kilometres to it or even 20 kilometres. So, that is why we have made that request and I am glad that you have been firm and fair to us.”
Earlier in his address, the Chairman Fiscal Efficiency and Budget Committee of the Revenue Mobilisation Allocation and Fiscal Commission, Alhaji Shettima, stated that the visit was part of the requirements for accessing the requested funds, adding that the aim of establishing the 1.68 per cent DNRF is to achieve resource diversification and provide alternative source of revenue to all the three tires of government in Nigeria.
He however eulogized the great achievements of the Makinde-led administration within two years, despite the challenges of COVID-19 that devastated the Nigerian economy and Oyo State in particular.
“Your Excellency, you may wish to recall that on 25th August, 2021, the Oyo State Government under your able leadership made a request to the commission to access the sum of one hundred and twelve billion, three hundred and fifty million naira only (N112,350,000,000.00) from the 1.68 per cent Development of Natural Resources Fund (DNRF) grant for projects aimed at revamping, revitalizing and repositioning the State’s economy for self-sufficiency, through the 20-year Oyo State Development Plan (OSDP).
“Permit me at this juncture, Your Excellency, to mention that the 1.68 per cent Development of Natural Resources Fund is one of the items under the Special Fund established by the Revenue Allocation (Federation Account, etc.) Act, CAP A15 LFN 2004. The Fund receives direct allocation from the Federation Account on a monthly basis which is added to the share of the Federal Government of Nigeria to be kept in trust for the three-tiers of Government. The aim of establishing the 1.68 per cent DNRF is to achieve resource diversification and provide an alternative source of revenue to all not only to the Federal Government but the other two tiers of Government.
“Consequently, to access funds from the Account, the Commission has an established procedure which requires a formal presentation by the state making the request to the Commission. The Commission, through its Committee on Fiscal Efficiency & Budget, will undertake a physical visit to verify and certify the reliability of the issues contained in the letter of request as well as those raised during the presentation.
“Your Excellency Sir, permit me to associate myself and Members of this Committee to the great achievements of your administration within two years despite the challenges of Covid-19 that has devastated the Nigerian economy and Oyo State in particular.
Ailing Yoruba comedian, Baba Suwe is confirmed dead
Popular Yoruba actor and comedian, Babatunde Omidina, popularly known as Baba Suwe, has passed away.
The prolific actor gave up the ghost on Monday after a long battle with an illness.
Born on August 22, 1958, he was married to comedienne Omoladun Omidina, who died in September 2009.
Baba Suwe dominated the Yoruba movie industry for decades, featured in several movies and bagged many awards.
“The legend is gone, he left today to be in a place of rest”, a source told DAILY POST.
The Theatre Arts and Motion Picture Practitioners Association of Nigeria (TAMPAN) will issue a statement soon.
SANWO-OLU UNVEILS NEW NAME, LOGO OF LAGOS STATE LOTTERIES AND GAMING AUTHORITY
Governor Babajide Sanwo-Olu on Friday lifted the curtain on new brand identity for the Lagos State Lotteries and Gaming Authority, heralding a new business culture that fully protects stakers and licensed operators in the State’s gaming sector.
The Governor officially changed Lagos State Lotteries Board to Lagos State Lotteries and Gaming Authority as part of extensive reforms initiated by his administration to reposition the industry for greater efficiency and stakeholder satisfaction.
The name and brand logo of the agency were unveiled at a ceremony held at the Lagos Oriental Hotels in Victoria Island and fully attended by top government functionaries and private sector stakeholders.
The unveiling came six months after Governor Sanwo-Olu signed the amended Lagos State Lotteries and Gaming Authority Bill into law, following its passage by the State House of Assembly. The legislation necessitated the name change and new brand logo.
With the new law and a new brand identity, Sanwo-Olu said the State’s Lotteries and Gaming Authority was now poised to conduct its business in line with modern technological practices, while adopting a more innovative, harmonious, and transparent approach in the regulation of the lotteries and gaming industry.
The Governor said: “This unveiling ceremony marks a new dawn in the history of lottery and gaming regulation in the Centre of Excellence. The agency has been rebranded to set and enforce gaming standards in a responsible and fair manner. The goal is to gain and sustain the trust and confidence of all operators and stakeholders in the lottery and gaming business.
“Our administration did the needful by painstakingly collaborating with the House of Assembly to initiate and pass the Lagos State Lotteries and Gaming Authority Bill of 2021, which I signed into law last April. The new law will help to institutionalise major reforms in the Lagos gaming sector and expand the scope of our lotteries and gaming authority’s operations in accordance with gaming dynamics across the globe.”
Sanwo-Olu said the agency had sustained its revenue-generating momentum since its creation in 2004 during the administration of Asiwaju Bola Ahmed Tinubu, urging the management to sustain the zeal and align the vision of the new brand with the core values of his administration’s T.H.E.M.E.S Agenda.
The Governor allayed the concerns of gaming operators and investors in the industry about the intergovernmental squabbles over the constitutional responsibilities of the Federal and State governments on the control and regulation of the gaming space.
He said the Constitution remained clear on the concurrent powers of the Federal and State governments over matters related to lotteries and gaming, assuring operators that their businesses would not be double taxed.
Sanwo-Olu advised illegal lottery and gaming operators to obtain operational licenses from the agency, warning that the Government would not hesitate to prosecute any unlicensed operators.
“With this newly rebranded agency, all the functional elements of the lotteries and gaming industry will be unlocked to create a new model of gaming in Lagos State. I charge the management to forge a transparent and formidable alliance with licensed gaming operators in the State, with a view to creating a vibrant Gaming Industry for a more prosperous and sustainable economy,” the Governor said.
Chief Executive Officer of the State’s Lotteries and Gaming Authority, Mr. Bashir Are, said the agency, under his watch, has recorded landmark achievements in regulating, protecting and promoting best practices in gaming space.
Based on its compliance with international gaming standards, Are said the agency had received ISO certification in Information Security Management System (ISO 27001) and Quality Management System (ISO 9001) in addition to becoming full member of International Association of Gaming Regulators (IAGR) and International Gaming Standard Association (IGSA).
He said: “There are more than 56,000 full time employees and gaming agents operating in Lagos. We have deployed an automated system to monitor gaming transactions in our jurisdiction. We also launched agent registration platform to weed out swindlers from licensed agents.
“For us, the future has begun and we are excited about the unfolding development in the gaming industry. Our next goal is to focus on creating greater efficiency and sustainable economic value for the State, operators, players and relevant stakeholders in the sector.”
In the coming days, Are said the agency’s advocacy against underage and addictive gambling would be amplified with fortified policy and sustained campaign.
The Governor’s Senior Special Assistant on State Lotteries, Ms. Funmi Olotu, stressed that the successful harmonisation of all the State’s gaming regulations had not only corrected disparities in the sector, it also established a uniform framework that would be easily implemented.
Then State Lotteries and Gaming Authority Law of 2021, Olotu said, has also addressed contemporary challenges and issues that may arise from time to time.
The high point was the unveiling of the agency’s new logo and operational guidelines by the Governor with the support of representatives of licensed gaming operators.
Makinde commends Ayorinde’s commitment to Oyo on his birthday
Oyo State Governor, ‘Seyi Makinde, has lauded the steadfastness and commitment of Chief Bolaji Ayorinde, SAN, to the state, describing the legal icon as a patriotic individual who has been making huge contributions to the progress of the state.
The governor stated this on Friday, while felicitating Ayorinde, who is the Special Counsel to the Oyo State Governor and a key member of the state’s Advisory Committee, on his birthday.
He noted that Ayorinde, as a member of the coalition of political parties that facilitated his victory in 2019, has remained a committed ally and an active member of the administration.
The governor stated that the legal luminary has not held anything back in supporting his administration’s agenda of taking the state from poverty to prosperity, adding that the legal luminary deserves to be celebrated.
A statement by the Chief Press Secretary to the governor, Mr. Taiwo Adisa, quoted the governor as wishing the legal icon and son of a former Chief Judge of Oyo State a happy birthday filled with joy and satisfaction.
According to Makinde, Ayorinde has proven to be a dependable ally and a trustworthy son of Oyo State, who never holds back his support and dedication in working for the progress of Oyo State.
According to the governor, Ayorinde remains one of the last men standing among the chieftains of coalition parties, having surrendered the gubernatorial ticket of the Social Democratic Party (SDP) to support him in the March 9, 2019 governorship election in the state.