Featured Government

Oyo Govt re-awards Saki, OyoTownship Roads, expands Energy Ministry

…Saki road gets N4.7bn, Gedu-Orodu, Sabo Road, Oyo costs N2.9bn

…state approves procurement of New Fire Truck for Ibadan Airport

The Government of Oyo State, on Tuesday, announced it has re-awarded the contract for the construction of Saki Township Road at the cost of Four Billion, Seven Hundred and Ninety-Six Million Naira (N4,796,000,000,).

The contract was initially awarded at the cost of N8 billion by the immediate past administration of Senator Abiola Ajimobi, but the work has been practically abandoned, leading to residents of the historic city and the traditional ruler, to make representations to Governor Seyi Makinde for a redemption of the stagnated project.

A statement by the Chief Press Secretary to Governor Makinde, Mr. Taiwo Adisa, indicated that the governor had, during a visit to Saki where he commissioned the Saki Specialist Hospital, two weeks ago, terminated the contract due to what he called inconsistencies and underperformance by the contractor, promising that the project will be re-awarded within four weeks.

While briefing newsmen shortly after the Oyo State Executive Council meeting held at the Government House, Agodi, Ibadan, on Tuesday, the state’s Commissioner for Education, Science and Technology, Barr. Olasunkanmi Olaleye, said the contract for the road was re-awarded to Messrs Peculiar Ultimate Concerns Ltd, under the Alternative Project Funding Approach, adding that it would be completed in 12 months.

“Today, the EXCO re-awarded the Saki township road. The contract has been re-awarded to Messrs Peculiar Ultimate Concerns Ltd for the sum of N4,796,000,000, under the Alternative Project Funding Approach. The contract will be completed within twelve months.

“As we know, the last administration awarded that contract for over N8 Billion, and above N3 Billion was paid but nothing much has been done on the job. It has even caused untold hardship to the people of Saki to the extent that the whole town complained that the contract should be re-awarded.

“Having examined the issue of the contract critically, the EXCO re-awarded it to another contractor that will complete it within twelve months.”

In another development, the statement also quoted Attorney-General of the State and Commissioner for Justice, Prof. Oyelowo Oyewo, as saying that the State Executive Council approved the expansion of the Ministry of Energy to Ministry of Energy and Mineral Resources in order to fulfil the objectives, vision and goals of the government with respect to energy and mineral resources.

According to him, “we just finished the 26th EXCO meeting today. Of importance to our ministry is the passage of a bill, which is going to be forwarded to the Oyo State House of Assembly. And that is the bill on Energy and Mineral Resources 2020. This bill will revise the Ministry of Energy Law of 2019. And what this bill has done is to look at the 2019 law, with respect to the function that needed to be carried-on by some other ministries that had to be domiciled in the Ministry of Energy and Mineral Resources.

“So, the name of the Ministry has been further expanded from Energy, to include Mineral Resources, in order to be able to fulfil the objectives, vision and goals of the government with respect to energy and mineral resources.

“The functions of the bill in section 4 of the 2019 law has been further expanded to ensure there are matters relating to energy, electricity and also the coordination, with respect to inter-ministerial relationship with federal agencies and also intra-ministerial relationship with MDAs, are well captured.

“Furthermore, the departments of the ministry have been quite created to highlight the new vision of the government in creating the Ministry of Energy and Mineral resources.”

Oyewo also stated that the state government approved the sum of Eighty-Four Million Naira (N84 Million) for the purchase of Fire Truck for the Federal Airport Authority, (FAAN), Ibadan Chapter, to improve its facilities for the prevention of fire accidents at the Airport.

“The second item is the approval by the Oyo State Government to enable the Federal Airport Authority of Nigeria, FAAN, to improve its facilities for the prevention of fire accident in the purchase of one fire truck, because the one they have in their stock has become old and cannot meet up with the vision of Oyo State to have Ibadan Airport upgraded. So, as part of that, the state has helped in purchasing a particular quality of fire truck, which has been approved for purchase. It will be able to deal with all fire emergencies at the airport, even when it is finally upgraded,” he said.

Similarly, the Commissioner for Energy and Mineral Resources, Barr. Temilolu ‘Seun Ashamu, hinted that the State Executive Council awarded the contract for the construction of Gedu-Oroki, Sabo Asipa Road in Oyo Township for a total sum of Two Billion and Nine Hundred Million (N2,900,000,000) to Messrs AMAC Engineering Ltd, under the Alternative Project Funding Approach, which will see the contractor execute the project with its funds while the state will repay over a period of 28 months.

“The State’s EXCO today resolved to award the Gedu-Oroki-Sabo-Asipa road in Oyo township, under the APFA to Messrs AMAC Engineering Ltd, for a total sum of N2,900,000,000. The contractor shall use their fund to complete the project and the state government shall repay over a period of about 28 months,” Ashamu said.


Taiwo Adisa

Chief Press Secretary to Governor Seyi Makinde

Leave a Comment

Your email address will not be published.

You may also like

Business Economy Technology Technology Trends

Protect against Business Email Compromise – or it may cost you dearly 


Don’t let your business be punished for, and by cyber fraud 


As the business landscape rapidly evolves, a general awareness of security vulnerabilities is no longer enough. Cyber fraud, data and payment breach risks need to be managed urgently and strategically with the right tools, says Ryan Mer, CEO at eftsure Africa, an automated Know Your Payee™ (KYP) platform provider.  


South African companies are facing a surge in Business Email Compromise (BEC) and other cyberattacks, exposing gaps in organisations’ payment systems with serious financial, reputational, and legal consequences. In January 2023, leading South African law firm, Edward Nathan Sonnenbergs (ENS) was ordered by the High Court in Johannesburg to pay R5.5 million including interest to a property buyer, Mrs. Judith…

Read More
Business Economy

Partech Africa Report: Resilient African Tech Ecosystem Still Growing with $6.5 Billion Raised in 2022


Amid the drastic pullback in global VC funding, the African tech ecosystem stands out with 8% growth from 2021. Debt funding doubled in volume to $1.5B, accounting for nearly a quarter of the total funding. Fintech, still leading, attracted 39% of the total equity volume; Nigeria retained the top spot with 23%


Partech Africa, the VC fund dedicated to technology startups in Africa, has issued its annual report on Africa Tech Venture Capital. The report, which aims to provide a practical picture of the state of the ecosystem, revealed that despite the global VC downturn, the African tech ecosystem grew faster than all other markets globally.

Total funding invested into tech startups on the continent reached $6.5B, an increase of 8% vs 2021, spread across 764 deals – compared to 724 rounds in 2021. The report, consisting of disclosed and confidential deals, saw debt funding more than double in volume, reaching…

Read More
Business Gadgets Security Technology Technology Trends Telecoms




In a constantly evolving digital world that is fast paced, many organizations today are going fully digital or virtual. These processes have been known to deepen corporate organizations productivity and business continuity, but there are snags such as exposure and cyber threat. Criminals today are constantly evolving and finding new ways to breach the virtual and digital security infrastructures of organizations and individuals. These breaches cost as much as bullions of dollars in damages and loses when it has to get to fintechs and , identity firms other financial institutions. Having seen this loophole in the ecosystem in the area of having skilled manpower to monitor, abate and proactive these cyber threat, Zora Communications, an indigenous information technology (IT) firm Located in Lekki Area of Lagos recently launched one of a kind facility that will offer public and private sector players the desired and required tools and manpower that…

Read More
Business Events Society Technology Technology Trends

EVENTNEWS Lagos hosts gathering of Nigeria’s Top 50 Digital Economy Enablers 2023


Lagos, Nigeria’s commercial capital, is hosting the opening edition of Nigeria’s Top 50 Digital Economy Enablers February 14, 2023 at the prestigious Sheraton Hotel & Towers.  Nigeria’s Digital Economy is evolving positively in spite of a diversity of challenges for organisations in the public and private sectors.

Inspired by the need to express both the challenges and the iconic actors that have emerged to drive Africa’s fastest growing digital economy, the continent’s major tech-biz publication, published since 2007, IT Edge News.Africa (www.itedgenews.africa) and its Partners will be focusing on Nigeria’s Leading Lights referencing Nigeria’s Top 50 Digital Economy Enablers at an Industry Colloquium &Award Ceremony this February just before as the country goes to the poll to elect new political leaders.

The One Day Industry event is featuring a Nigeria’s Top 50 Digital Economy Enablers Recognition Ceremony; an Industry Networking Lunch; Nigeria Digital Economy Special Report; and the forum on  ‘Nigeria’s Digital Economy – Myth or Fact?’


Read More
Business Finance Gadgets Sponsored Technology Technology Trends




Dexter Digital Technologies Limited, a Nigerian financial technology (Fintech) startup company with core emphasis in churning out world-class financial solutions – informed by research – into the ecosystem, has announced their plans for 2023 starting with the launch of their flagship product called Crowdbux, this first quarter.

Speaking to the media, the Founder and Chief Executive Officer of Dexter, Chidebere Onwuzurike said “We are a research-based software startup founded in May 2021, we are leveraging the boundless powers of data and insights from excellently curated user experience research to develop and innovate more powerful, and inclusive software for the fintech sector. When asked if Crowdbux as a solution will make the needed impact in the fintech sector of the software industry, he responded “Yes, I can confidently say that it definitely will. For starters, we only develop and innovate software premised on credible insights from diligently curated consumer research; and…

Read More
Business Investments Opinion Security Technology

Fraud trends every CFO should know




PwC’s Global Economic Crime and Fraud Survey 2022 revealed that 46% of organisations have experienced fraud, corruption, or other economic crimes in the last 24 months. Ryan Mer, CEO of eftsure Africa, a Know Your Payee™ (KYP) platform provider, gives a rundown of what to look out for.


  1. Fraud protection is no longer optional

It’s hard to believe today, but just a few years ago, even large organisations didn’t have payment fraud protection in place. One of our clients, a listed company, had an ongoing issue with payment fraud totalling over R3 million in losses in the year prior to adopting eftsure. They haven’t lost a cent to payment fraud since.


Businesses are taking the threat of payment fraud a lot more seriously than they did even two years ago. They’re acknowledging that the payment fraud risk is there and that it’s ubiquitous – not only large corporations and banks are…

Read More
Business Economy Finance Gadgets Society Technology Technology Trends

Cellulant Named Number One Payment Brand in Kenya


Pan-African payments technology company, Cellulant (Cellulant.io), was named as the ‘Top Payments Gateway Brand in Kenya” at the Top Star Brand Awards 2022. This award recognises Cellulant as a leader in fintech and payments acknowledging the company’s commitment to excellence and customer satisfaction.


The Top Star Brand Awards recognise the “crème de la crème” brands that authentically lead their respective industries in brand presence. Star brands are those that have achieved milestones, have a history of success, and, most importantly, have established themselves as trendsetters for newcomers to the industry. It is a display of those brands that have acquired unparalleled branding standards and have all the necessary components to become household names on a global scale. The awards are organized by Digital Events Ltd in conjunction with an independent panel of judges drawn from digital tech consultants, academia, IT professional bodies, relevant government department representatives,…

Read More
Announcements Business Economy

Saudi Arabia to Take Latest Giant LEAP into New World Economies with Multi-Sector Future Technology Event and AI-Focused DeepFest


100,000-plus participants anticipated as world’s most visionary tech event gets even bigger with globe’s leading disruptors heading to Kingdom in February 2023; Billionaire investors, technocrats, tech integrators, and sporting royalty from 50 countries among stellar 700-plus talent line-up.


After breaking a host of industry records during its 2022 launch, LEAP – the world’s most visionary technology event – returns to Riyadh in February with an even bigger format promising to attract the greatest digital thinkers and doers to empower the entrepreneurs, ignite innovation and leap into new worlds.


An expected 100,000 global tech innovators and disruptors will gather at the Riyadh Front Exhibition & Conference Centre from February 6-9, 2023, to unveil and accelerate a huge platform of breakthrough products and ideas, and forge partnerships that will drive new worldwide collaborations leveraging technology’s limitless potential.


Taking place alongside LEAP, the inaugural DeepFest – in partnership with the Saudi Data & AI Authority (SDAIA)…

Read More