Makinde presents staff of office to Soun of Ogbomoso – Newstrends
Connect with us

News

Makinde presents staff of office to Soun of Ogbomoso

Published

on

Makinde presents staff of office to Soun of Ogbomoso

Oyo State governor, ‘Seyi Makinde, on Tuesday, presented the staff and instrument of office to the new Soun of Ogbomoso, His Imperial Majesty, Oba Ghandi Afolabi Olaoye, Orumogege III.

He charged the new monarch to work for the unity of Ogbomosoland and the Council of Obas and Chiefs in the state.

The governor stated this at the event held at the Soun Township Stadium, Ogbomoso, which had in attendance former Vice-President Yemi Osinbajo; Secretary to the Government of the Federation, Senator George Akume, Governor Ademola Adeleke of Osun State; the Ooni of Ife, Oba Enitan Adeyeye Ogunwusi and the Olubadan of Ibadanland, Oba Mohood Olalekan Balogun, who was represented, among others.

Governor Makinde equally advised members of the Ruling Houses contending over the Soun stool to withdraw their cases from the court forthwith as a show of love for Ogbomosoland.

Makinde, who promised to ensure the continued progress of Ogbomosoland and the entire state, urged the traditional rulers to support the government to build a society where residents are law-abiding and respecters of the rule of law, adding that the state will soon have a law in this regard.

Governor Makinde called on the new Soun to work with other Obas in the state to ensure a functional Council of Obas and Chiefs in the state so that traditional rulers can contribute their quota towards the development of Oyo State.

He assured that his government will reconstruct the House of Chiefs and House of Assembly Complex, which were built around the 1950s.

READ ALSO:

He said: “It is a great honor to be here today to celebrate the coronation and presentation of the Staff of Office to the 21st Soun of Ogbomosoland, Oba Ghandi Olaoye, Orumogege III.

“I rejoice with the sons and daughters of Ogbomoso both at home and in the Diaspora.

“I have two or three points to make. I discussed with Kabiyesi privately on the steps that must be taken to ensure the unity of Ogbomosoland. But it is not just Ogbomosoland, you must also work for the unity of the traditional Council in Oyo State.

“Several years before I came into office, the was no central traditional Council. So, I do hope, with the coronation and Staff of Office, you will now work assiduously to ensure that we have Oyo State Council of Traditional Rulers and make it functional again.

“In the 2024 budget, the complete reconstruction of the House of Assembly and House of Chiefs have been captured. So, there will be a conducive atmosphere and environment for you and our traditional rulers to hold your meetings and contribute towards the development of Oyo State.

“The other thing I want to say is about the people who also contested the throne with Oba Ghandi. As of last week, some of you were still in court. What I can say is that contesting for the throne is behind us and I look forward to them withdrawing the cases in court by the end of this week as a show of love for Ogbomosoland.

“So, the people fighting should stop forthwith but if they fail to stop, as the Executive Governor of Oyo State, I will join the fight to ensure peace and progress of Ogbomosoland.

“I believe in constitutional roles for our traditional rulers and there is a new authority in Oyo State called Rule of Law Enforcement Authority. It is with the House of Assembly and it will soon be passed into law and I want your support and that of other traditional rulers in the state.

READ ALSO:

“On behalf of the Ogbomoso sons and daughters and the good people of Oyo State, I wish Kabiyesi a long, peaceful and successful reign.”

In their separate goodwill messages, former Vice-President, Professor Osinbajo; Senator Akume, who was represented by Sir Olusegun Adekunle; Governor Adeleke; the Kwara State governor, AbdulRahman AbdulRasaq, represented by his deputy, Mr Kayode Alabi and the chairman of Ogbomoso Elders Council, Dr Saka Balogun, described Oba Ghandi as a trustworthy and peace-loving personality.

They urged him to use his wealth of knowledge and experience to bring prosperity to Ogbomoso.

Speaking after receiving the staff and instrument of office, the Soun of Ogbomoso thanked the governor for his developmental strides in the state and especially in Ogbomoso zone.

He promised to uphold tradition and display commitment to justice, equity and fairness to all, noting that he would be a king to everyone.

Earlier in his welcome address, the Oyo State Commissioner for Local Government and Chieftaincy Matters, Honourable Olusegun Olayiwola, implored  the new Soun of Ogbomoso to cooperate with the government of Oyo State to ensure safety of lives and properties in his domain.

Some of those also present at the event are the Olu of Warri, His Royal Majesty, Ogiame Atuwatse III, CFR; Oluwo of Iwo, Oba Abdulrasheed Akanbi, Olugbon of Orile-Igbon, Oba Francis Olusola Alao, among others.

Makinde presents staff of office to Soun of Ogbomoso

News

Your assessment misleading, APC tackles Obi over socio-economic situations

Published

on

Peter Obi and Felix Morka

Your assessment misleading, APC tackles Obi over socio-economic situations

One-time Anambra State Governor Peter Obi came under a scathing criticism yesterday from the ruling All Progressives Congress (APC) over his assessment of the security and economic situation of the country.

At a news conference, Obi disagreed with the claims of President Bola Ahmed Tinubu in his New Year Day address which chronicled the feats attained by the APC-led administration.

Obi alleged that the political, economic and security situations in the country have worsened under the incumbent administration.

But the APC, through its National Publicity Secretary, Felix Morka carpeted Obi, describing his assessment as jaundiced, misleading and an attempt to score cheap political points.

In a statement, Morka put a lie to Obi’s claims.

He noted that Obi’s assessment was at variance with all indicators that showed that the nation’s economy is rebounding in significant measure across all sectors.

Dismissing Obi’s claims, Morka said: “While Nigerians celebrated the New Year with hope for a more glorious 2025, Peter Obi, former Governor of Anambra State and former presidential candidate of the Labour Party (LP) in the 2023 general elections, was seemingly stuck in replay of his jangling, gloom-ridden wish-list for our country.

“Obi’s new year message, in which he claimed that the political, economic and security situation of our dear country is worsening daily, is misleading and appears intended to score cheap political points.

READ ALSO:

“This claim, at a time when all indicators show that our country is rebounding in significant measure across all sectors, casts Obi, squarely, as Nigeria’s leading doomsayer.”

Morka, who reeled out the achievements of the APC-led administration, said: “In reality, 18 months later, the economy under President Bola Ahmed Tinubu’s administration, has showed steady record of progress.”

He listed the landmarks as:

The ruling party further argued: “Despite these and other initial beneficial outcomes of ongoing unprecedented reforms, the administration is doubling its effort to ensuring that the reforms deliver their fullest benefits for the sustainable growth and transformation of our country.”

The ruling party said that the Presidential New Year message acknowledged that the “cost of food and essential drugs remained a significant concern for many Nigerian households. And to reverse this trend, Mr. President assured that his administration was committed to lowering food prices by boosting food production and promoting local production of drugs.”

The party also highlighted Tinubu’s resolve to crash the current inflation rate from 34 per cent to 15 per cent in the course of this fiscal year as a move to addressing the threat inflation poses to the country’s economy.

The statement further reads: “With the vigour in the administration’s war on corruption, evidenced by ongoing investigations and trial of  well-heeled Nigerians, Obi’s pontification on the urgent need to tame corruption is a clear case  of carrying coal to Newcastle.”

Faulting Obi, the party said: “It is a thing of irony that Peter Obi, who now arrogates to himself to be omniscient and philosopher’s stone, when it comes to our nation’s challenges, left no record of significant achievement, let alone transformation of any kind, in his eight-year tenure as Governor of Anambra State.

“Like his co-travellers in the Peoples Democratic Party (PDP), Obi’s obsessive pessimism and endless but futile effort to incite public outrage against the administration is borne out of their realisation that President Tinubu is unwittingly cementing their ultimate political irrelevance by his visionary and full-throttle reform and transformation of the fundamental pillars of our national life.”

Appealing for citizens’ support and patience, the APC spokesman assured Nigerians that “under the banner of the Renewed Hope Agenda (RHA), President Tinubu is dutifully turning our nation’s fortunes around.

“He (Tinubu) deserves the support  and patience of Nigerians in order to consolidate on the deep economic foundation he has laid, and deliver a vibrant, prosperous new Nigeria for the good of all.  We urge Nigerians to remain confident of better days ahead.”

Your assessment misleading, APC tackles Obi over socio-economic situations

Continue Reading

News

Currency in circulation now N4.8tn – CBN report

Published

on

Currency in circulation now N4.8tn – CBN report

Currency in circulation has reached an all-time high of N4.8 trillion as of November 2024, recording over seven per cent increase from the previous month.

Also, currency outside banks grew significantly in the same month hitting an all-time high of N4.6 trillion from the N4.2 trillion in the month of October.

These figures were contained in the money and credit supply data from the Central Bank of Nigeria (CBN).

The currency in circulation is the amount of cash–in the form of paper notes or coins–within a country that is physically used to conduct transactions between consumers and businesses.

It represents the money that has been issued by the country’s monetary authority, minus cash that has been removed from the system.

Similarly, currency outside a bank refers to cash held by individuals, businesses and other entities that is not stored in banks.

The currency outside the bank represents about 96 per cent of the currency in circulation.

Nigerians have in recent times been facing acute cash shortage with banks limiting daily withdrawal at Automated Teller Machines (ATMs) to N20,000 irrespective of the number of accounts held by an account owner.

READ ALSO:

According to the latest data, the currency in circulation grew by seven per cent to reach 4,878,125.22 from 4,549,217.51 in October.

Currency in circulation has grown steadily in the outgoing year 2024 with over one trillion naira added to cash in circulation after starting the year with N3.65 trillion in January.

In February, the currency in circulation slightly increased to N3.69 trillion representing an increase of N43 billion or 1.18 per cent from the January figure.

March also saw an appreciable increase to N3.87 trillion while it further increased to N3.92 trillion in the following month of April.

The growth trajectory continued in May with the currency in circulation increasing slightly to N3.97 trillion, an increase of N42 billion or 1.07 per cent while it reached an all-time high of 4.04 trillion, an increase of 2.11 per cent from May.

The July figure also rose marginally with the currency in circulation settling for N4.05 trillion before growing to N4.14 trillion in August and N4.43 trillion in September and N4.5 trillion in October.

In the same vein, currency outside banks grew from N4.2 trillion in October to N4.6 trillion in November, showing increasing preference for other means of storing outside bank deposits.

Economist, Dr. Paul Alaje attributed the development to the expanding money supply, adding, “Money supply is expanding but this may not necessarily be in cash. As it is expanding, it will necessarily induce inflation. But you can’t blame the people. People must look for money. How much was bottled water last year, how much is it today? All of this will induce inflation. If you now ask, what is the cause of inflation? Is it money supply itself or a devaluation policy? It is a devaluation policy. Money supply is an offshoot. So the Central Bank is raising interest rates to actually reduce money supply but the more they try the more money supply expands.”

He stated that the floatation policy of the CBN has created inflation, adding, “It is like chasing one’s tail and I don’t know if you are going to catch it.”

Currency in circulation now N4.8tn – CBN report

Continue Reading

News

Tinubu not telling Nigerians the truth, says Sule Lamido

Published

on

President Bola Ahmed Tinubu

Tinubu not telling Nigerians the truth, says Sule Lamido

President Bola Tinubu has been accused of not being forthright about the true state of Nigeria under his administration.

Former Jigawa State Governor and senior Peoples Democratic Party (PDP) member, Sule Lamido, made the accusation while speaking on the BBC Hausa programme Gane Mini Hanya.

Lamido criticized both Tinubu and former President Muhammadu Buhari for what he described as a lack of transparency in governance.

“Buhari’s and Tinubu’s governments are not being transparent with Nigerians unlike during the time when PDP was in power where everything was transparent and open to all Nigerians,” Lamido said.

READ ALSO:

He accused the two administrations of relying on propaganda rather than providing citizens with accurate information.

Lamido also expressed concerns over President Tinubu’s recent loan requests, questioning the logic behind them. “If Nigerians are being told the truth then there is nothing wrong with that, but how would you budget N30tn, generate N50tn and then request loan when you have a surplus of N20tn,” he said, referencing last year’s budget.

He described the situation as “reckless” and “selfish,” adding, “This recklessness and clear-cut selfishness is not done anywhere in the world, but yet you find (some) Nigerians supporting it. Visit social media and see how APC is being criticised, being referred to as calamity, yet you find some protecting it.”

Tinubu not telling Nigerians the truth, says Sule Lamido

Continue Reading

Trending