Politics
$618m AFDB Tech Fund: Governor Adeleke Creates Support Desk For Osun Tech Innovators/Entrepreneurs
By Biztellers
The Executive Governor of Osun State, Senator Ademola Adeleke has directed immediate establishment of a support desk for Osun tech innovators and entrepreneurs to access the recently launched 618 USD tech fund by the African Development Bank (AFDB).
In response to the tech fund which was a collaboration between the AfDB and the Federal Government of Nigeria, Governor Adeleke expressed the readiness of his government to tap into the opportunities in furtherance of the digital economy agenda of his administration.
Governor Adeleke who was full of praises for the AFDB president, Dr Akinwumi Adesina, said his administration has created enabling environment for Osun tech ecosystem, citing the recently unfolded state ICT Policy, State Tech Innovation Policy, domestication of Nigeria’s Startup Act, the flag off of the state’s broadband fiber optic project and the establishment of a Digital Advisory Board, adding ” My state is in a hurry to be a tech hub for South West.”
“I am delighted to appreciate the African Development Bank which has set up a $618 million fund to support the technology and creative sector in Nigeria. This is a great initiative spearheaded by Dr. Akinwunmi Adesina, the Nigerian President of the African Development Bank in partnership with our Federal Government and I would like to commend him for his visionary leadership and dedication to the development of our country.
“Dr. Adesina has consistently demonstrated his commitment to supporting the growth and development of African economies, and his efforts towards the development of the technology and creative sector in Nigeria are commendable. I am confident that this fund will go a long way in supporting innovation, job creation, and economic growth in our country.
“As the Governor of Osun State, I am pleased to announce that the Ministry of Innovation, Science, and Technology has been instructed to set up a desk to assist all technology and creative sector entrepreneurs in Osun State to apply and access this fund. The desk will provide comprehensive guidance and support to all interested applicants, ensuring that the application process is seamless and efficient.
“We are also exploring partnerships with the African Development Bank to support programs in the technology and creative sector in our state. We will be reaching out to the bank soon to discuss how we can collaborate and leverage this fund and other opportunities to create a vibrant and innovative ecosystem in Osun State.
“I commend the African Development Bank for domiciling the fund in the Bank of Industry to prevent it from being politicized. This is a great step towards ensuring that the fund is used for its intended purpose and will benefit the technology and creative sector in Nigeria.
“I encourage all technology and creative sector entrepreneurs in Osun State to engage directly with the Ministry and register as a stakeholder operating within the state. This is a significant opportunity for our entrepreneurs to grow their businesses, while also contributing to the growth and development of our state”, the State Governor stated.
While pledging to unfold the second phase of the state digital economy agenda in due course, Governor Adeleke called on Osun elite “to join his administration in the drive to harness the potential of the technology and creative sector and create a vibrant and innovative ecosystem in Osun State”
Spokesperson to the Executive Governor
Politics
Budget Presentation: Our Govt Delivers On Critical Sectors – Gov Adeleke
Osun State Governor, Senator Ademola Adeleke has expressed the view that his administration is an agent of development that has positively touched all sectors of the Osun society within just two years in office.
He made the pronouncement while presenting Budget 2025 tagged “Budget of Sustainable Growth and Transformation” to the State House of Assembly, with members of the State Executive Council present at an annual event hosted by the House Speaker, Right Honourable Adewale Egbedun.
Gov Adeleke noted that “the total size of the Budget 2025 is Three Hundred and Ninety Billion, Twenty-Eight Million, Two Hundred and Seventy-Seven Thousand, Seven Hundred and Forty Naira Only (390,028,277,740.00).
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“The expenditure comprises Capital Expenditure of One Hundred and Forty-Four Billion, Two Hundred and Thirty-One Million, One Hundred and Eighty-Three Thousand, Eight Hundred Naira (N144,231,183,800.00), Recurrent Expenditure of Two Hundred and Forty-Five Billion, Seven Hundred and Ninety-Seven Million, Ninety-Three Thousand, Nine Hundred and Forty Naira Only (N245,797,093,940.00).
“Recurrent Expenditure is divided into Personnel cost, which is made up of salaries and allowances, as well as Pensions and Gratuities and stands at One Hundred and Two Billion, Eight Hundred and Ninety-Five Million, Eight Hundred and Twenty-One Thousand, Ten Naira Only (₦102,895,821,010.00).
The balance of One Hundred and Forty Two Billion, Nine Hundred and One Million, Two Hundred and Seventy Two Thousand, Nine Hundred and Thirty Naira Only (₦142,901,272,930.00) is set aside.
“Our Revenue consists of Recurrent Revenue, where Government share of FAAC is One Hundred and Ninety-Six billion, Seven Hundred and Seventy-Eight Million, Nine Hundred and Seventy-Five Thousand, One Hundred and Eight Naira Only (₦196,778,975,180.00 and Independent Revenue is One Hundred and Nine Billion, Eight Hundred and Seventy Million, Nine Hundred and Thirty-Two Thousand, Eight Hundred and Thirty Naira Only (₦109,870,932,830.00).
Other receipts from development partners are Fifty-Three Billion, Three Hundred and Seventy-Seven Million, Two Hundred and Forty-Four Thousand, Six Hundred and Ten Naira Only (₦53,377,244,610.00).”
He affirmed that his administration has recorded unprecedented progress across the sectors which will be unveiled in details during the midterm anniversary holding for a week later this month, submitting a synopsis to the Assembly.
According to the Governor, “our administration has reduced rural Health Access gap by 40% through rehabilitation of over two hundred Primary healthcare centers; We have increased health care access to all pensioners from less than 10% to 90% within two years;
“We closed road infrastructure gap and deficit by 50% from 80%; we took agric mechanization from 0% to 35%; We built digital economy policy structures from 0% to 55%; We built public service integrity from 25% to almost 70%;
“We expanded local content from 0% to 75%; We built climate agenda from 0% to over 70%; We raised state financial support for cooperative societies from 0% to 66%; We expanded financial support to ward cooperative societies from 0% to over 60%;
“We built Ilesa University from 15% to over 90%; We redeveloped Odeomu Cooperative College to HND institution; We increased Osun Google coverage from 20% to 65%; We launched phased bursary award from 0% to 40%; We liquidated 40% of inherited salary debt;
“We paid up over 35% of inherited pension debt; We improved School infrastructure by over 40 percent; We enhanced rural Infrastructure by over 40 percent with over 300 completed rural projects”, the Governor affirmed, adding that “Osun State has not taken any loan (External or Domestic).
“We rely solely on the prudent management of available resources to meet the yearnings and aspirations of the good people of Osun State. This is our goal and with God on our side we will not derail”, the Governor told the lawmakers.
Politics
Edo State Shake-Up: Gov Okpebholo Dissolves Boards, Fires Appointees
Edo State Governor, Senator Monday Okpebholo, has announced a sweeping dissolution of executives across all state boards of government agencies and parastatals.
In a statement released by Chief Press Secretary, Fred Itua, the governor confirmed that the affected officials are to vacate their positions immediately.
The decision, which was made public on Wednesday, also impacts Permanent Secretaries who were appointed from outside the Edo State Public/Civil Service, as well as political appointees across various government departments.
Governor Okpebholo directed that all outgoing officials hand over government property in their possession to the highest-ranking public officer within their respective agencies or departments.
“It is hereby announced for the information of the general public that the Governor of Edo State, His Excellency, Senator Monday Okpebholo, has approved the dissolution of executives of all boards, agencies, and parastatals in Edo State Public Service with immediate effect,” the statement read.
Politics
Edo State Welcomes New Governor, Deputy
Senator Monday Okpebholo and Dennis Idahosa were formally sworn in on Tuesday as the Governor and Deputy Governor of Edo State, respectively.
The inauguration ceremony took place at the Samuel Ogbemudia Stadium, where Chief Justice Daniel Okungbowa administered the oath of office to the new leaders.
During the ceremony, both officials pledged to uphold the constitution and dedicate themselves to the welfare of Edo State’s citizens. Supporters gathered at the stadium cheered as the oath-taking ceremony proceeded, marking the beginning of a new administration in the state.
Further details are expected as the new government outlines its agenda for the state.