Nigeria Needs Local, International Investments — Obasanjo

Former President, Olusegun Obasanjo, on Tuesday said Nigeria needs local and international investments to progress. The former president stated this while commissioning the newly constructed Sir Ahmadu Bello International Conference Centre in Bauchi, describing it as a world-class facility capable of positioning the state as a major hub for investment and tourism in Nigeria. Speaking during the commissioning ceremony, Obasanjo commended the Bauchi State Government under the leadership of Governor Bala Mohammed for the initiative, noting that the project was a testament to the state’s vision for growth and global relevance. “With what we have, we can show the world that we are part and parcel of it,” Obasanjo said. “What others have and pride themselves on is not more than what we have. Some people don’t even have half of what we have. This world-class centre can be developed and made one of the tourist attractions in Nigeria”, he added. The former president added that the newly commissioned facility would promote interaction, tourism, and business engagements, stressing that the state could leverage it to attract both local and international investors. “Not only are we commissioning this, but we are also starting with a conference to talk about investment. What do we need in Nigeria today? We need to mobilise investments from local and international sources,” Obasanjo said. “I will go anywhere with the governor to get investments for Bauchi State,” he said. A view of the newly commissioned Sir Ahmadu Bello International Conference Centre in Bauchi, Bauchi State. | Credit: Umar Sani. Also speaking, the Chief Executive Officer of Architectronix Nigeria Limited, Ruben Okoya, whose firm handled the project, described the facility as “a masterpiece conceived, initiated, and completed under the visionary leadership” of Governor Bala Mohammed. “This incredible facility sits on 10,000 square metres and can accommodate 3,000 people at once.” “Every square metre of granite used in this facility was sourced from Bauchi State. That shows the abundance of natural resources available here, ”Okoya explained. A view of the newly commissioned Sir Ahmadu Bello International Conference Centre in Bauchi, Bauchi State. | Credit: Umar Sani. Also speaking, the Chief Executive Officer of Architectronix Nigeria Limited, Ruben Okoya, whose firm handled the project, described the facility as “a masterpiece conceived, initiated, and completed under the visionary leadership” of Governor Bala Mohammed. “This incredible facility sits on 10,000 square metres and can accommodate 3,000 people at once.” “Every square metre of granite used in this facility was sourced from Bauchi State. That shows the abundance of natural resources available here, ”Okoya explained. According to him, the centre boasts five main halls that can host up to ten separate events simultaneously. He said the facility also features an outdoor event space with a capacity of 2,500 people, a mosque, solar power installations, standby generators, and full internet connectivity. Okoya appealed to the Federal Government to consider hosting future national events, including the Nigeria Oil and Gas Summit, in Bauchi State, given its status as an oil-producing region and its new infrastructural capacity. He said, “This project is 100 per cent locally executed.” “It was built by local engineers and contractors, showing that when leaders believe in local capacity, great things happen,” Okoya added. He further recalled that the project’s foundation was laid in March 2021 by Professor Zulum, then a guest of the Bauchi State Government, and expressed satisfaction that the vision had now become a reality. The commissioning ceremony attracted top government officials, traditional rulers, captains of industry, and international guests, all of whom hailed the project as a milestone achievement in Bauchi State’s drive toward modernisation and economic transformation. Bauchi State Government approved N6.5bn for the dualisation of a 7.5-kilometre township road in Misau Local Government Area. The dualisation of the Misau township road is part of Bauchi State’s broader push to upgrade road infrastructure, improve connectivity, and reduce traffic accidents on key routes. Misau, a major commercial hub and transit town along the Bauchi–Azare highway, has long faced traffic congestion and frequent road mishaps due to the narrowness of its main artery.

Oyo Governor, Makinde Launches Upgrade Of Ibadan Airport To International Standards

  By Adeleke Maria   Oyo State Governor ‘Seyi Makinde held a groundbreaking ceremony on Wednesday to initiate the upgrade of Samuel Ladoke Akintola Airport in Alakia, Ibadan. The project aims to enhance the airport’s facilities to international standards, promising to connect the state to global markets upon its completion. The governor maintained that the upgraded airport would also improve the ease of doing business, bring in investments in agribusiness, manufacturing and technology sectors and position Ibadan as a true regional business hub. Governor Makinde stated this at the airport in Alakia, during the groundbreaking ceremony for the upgrade of the facility to an international airport, noting the project had been awarded to Messrs Craneburg at the cost of N41 billion. He promised to do everything possible to ensure that the project is delivered in the next 12 months. This was as the governor assured residents of the state that the Presumptive Tax Law recently passed by the Oyo State House of Assembly will not be implemented at this time due to the general hardship facing the people, stating that his government will only fight poverty and not poor people. He said: “We took an important decision yesterday at the Executive Council Meeting. We know times are hard and Nigerians are hungry and angry. But I hope this will not boil over. But in Oyo State, we have control over what we can do here. I can see that the House has passed the Presumptive Tax Bill. Yes, it came from us because if we need to expand economy, we need to generate money. I will sign it into law but we will not implement it for now.” He said his administration would only promote policies that would leave money in the pockets of the people of Oyo State so that they could spend same on areas important to them. While stressing that his government would not do anything to deliberately hurt the people, Makinde said the government had paid due compensation to land owners in Ajia, who lost their property to the new Air Force Base being constructed in the area. According to the governor, the decision to upgrade the airport was taken based on data and logic, adding that it is a strategic investment that includes a first and second phase that will culminate into the upgrading of the airport, the runway, airfield lighting, terminal and other critical facilities. He said: “Let me specially thank the members of the committee, who worked on the project in the last six weeks to make it possible for the official groundbreaking ceremony to take place today. “Some people do not think that upgrading this airport at this time is a good idea, but the decision to upgrade this airport to international standard is based on data and logic. In the next twelve months, this project will be delivered. I will push the envelope”. “This airport will connect Oyo State to a global market. It will improve ease of doing business, bringing investments into agribusiness, manufacturing and technology sectors and positioning Ibadan as a true regional business hub.” The governor listed MRO and cargo facilities as some of the features the upgraded airport would parade, describing the project as a strategic investment that would be delivered on time and within budget. He added, “This is the first phase; the groundbreaking is the first phase. The second phase is the terminal itself. Once we do the runway and air-field lighting, we will have the terminal and they will be delivered about the same time. We don’t want to wait. After this groundbreaking, the committee will be working to kick-start the process that would ensure that complementary projects within the airport are also going to start. “I want to congratulate Craneburg for winning this bid. They gave us the lowest bid and they are working on the Circular Road, so we know what they are capable of doing. We gave them an impossible deadline on the Alao-Akala Memorial Highway and it was delivered.” The governor also used the opportunity of the event to commend the Deputy Governor, Barr. Lawal for acting as governor when he was away on vacation, while also lauding residents of the state for supporting him. Governor Makinde, who called on residents of Edo State to support the candidate of the Peoples Democratic Party (PDP) in Saturday’s governorship election in the state, Mr Asue Ighodalo, said the candidate would deliver the goods to residents of the state. He equally noted that he and the Osun State governor are solidly behind the Amb. Umar Ilya Damagum-led National Working Committee of the PDP, saying: “I am also glad that our Acting National Chairman and members of his National Working Committee are here. I was reading yesterday that there was another meeting in Bauchi. Let me say clearly that we are 100 per cent in support of the Damagun-led NWC. Whatever decision you take, we will support you to reposition our party. “Let me also say this; even if we have issues within ourselves, we have an important election on Saturday. So, we should just rally round and deliver our candidate to give real hope to our people.” Earlier, Osun State Governor, Senator Nurudeen Ademola Adeleke congratulated Governor Makinde on the groundbreaking ceremony for the upgrade of the airport, describing him as a man of vision and a passionate agent of development in Oyo State. He also saluted Makinde’s drive of leaving behind a good legacy of impactful innovation and infrastructure revolution to the people of his state. In his welcome remarks, Air Commodore Victor Ajiboye, who is the Commander National Air Defence Corps, Nigerian Air Force, Ikeja, Lagos and also a member of the Ibadan Airport Upgrade Committee, assured that upon the completion of the project, Ibadan would be better positioned as an economic hub in the South-West Nigeria. The representative of the Chief Samuel Ladoke Akintola family, Chief Akinwunmi Akintola, thanked Governor Makinde for remembering and honouring the family with the … Read more

Oyo Gov’t Reabsorbs Traders Into New Bola Ige International Market

    The Oyo State Government said it has accommodated former occupants into the redeveloped Bola Ige International Business Complex, New Gbagi, Ibadan. Commissioner for Trade, Industry, Investment, and Cooperatives, Mr. Adeniyi Adebisi made this known while speaking with journalists in Ibadan on Monday. He said that the project has been completed, and former occupants have been accommodated in the Government’s share of the project as promised. He said that the Oyo State Government has demonstrated its commitment to the welfare of traders by ensuring that they are not displaced during the redevelopment process. According to him, “The Ministry enumerated the present occupants of the project site to accommodate qualified ones among them upon completion of the second phase.” He added that the Ministry had series of engagements with all stakeholders, including market elders, market executives, zonal leaders and the developers handling the second phase of the international market to benefit everyone and as well be on the same page. “However, it is essential to note that no single trader has come forward to the complain about the project or the developer. This suggests that the majority of traders are satisfied with the Government’s initiatives and are eager to benefit from the redevelopment” he said. The Commissioner reiterated that the Oyo State Government has a proven track record of supporting traders and business owners, which include the provision of infrastructure, access to finance, and training programmes. He added that these efforts have contributed significantly to the growth and development of businesses in the state while traders are not left behind in the development process, urging those who are yet to benefit from the Government’s initiatives to come forward and engage with the Ministry. Hon. Adebisi underscored the State Government’s dedication to economic development and traders empowerment through the redevelopment of the Bola Ige International Business Complex. He stressed that these initiatives have been positively received by most traders, while also acknowledging and appreciating government’s efforts.