Politics
Adeleke Strengthens Grassroots Economy, Disburses N700m To Local Cooperative Societies
In his drive to boost local economy and alleviate hardship among the citizenry, Osun State Governor, Ademola Adeleke has disbursed cash backed cheques running into several millions of Naira to cooperatives societies at Ife and Obokun/Oriade Federal Constituencies.
Addressing a mammoth crowd of cooperative members on Tuesday, at Ile Ife City Hall and Ijebujesa town hall, Gov Adeleke said the funds being disbursed to the local cooperatives were designed to support grassroots businesses and ensure financial inclusion for the vulnerable segments of the society.
The disbursement which came as the state government announced the commencement of distribution of federal and state rice to reach every segment of the society, which drew wild applause from members of the cooperative movements in both federal constituencies.
While the Commissioner for Cooperatives and Empowerment, Bayo Ogungbangbe said this is the first time the cooperative movement would be so supported, Gov Adeleke disclosed that the Federation of Osun State Cooperatives and the 332 Ward based Cooperatives were beneficiaries of the disbursement.
The Ooni of Ife, imperial Majesty, Oba Enitan Ogunwusi, Ojaaja the Second applauded the initiative describing it as “a strong way to reach the grassroots’ small businesses.
According to the royal father, the cooperative approach will boost the local economy and provide much needed funds for the small business operators to thrive and survive.
Addressing beneficiaries at Ile Ife and Ijebujesa, Gov Adeleke said “we are here in pursuance of financial inclusion for artisans and local businesses” adding that “our administration is determined to financially empower our grassroots traders” as “the cooperative platform provides the best path to achieving our agenda on financial inclusion.
“You would all recall that the first Osun State Cooperative Summit was held in January,2024. Part of the fall out of the summit was our government’s declaration that a sum of One Billion Naira would be released to the cooperative sector. My government is implementing that decision as can be attested to by stakeholders.
“The cooperative sector in the state comprises the Federation of Osun State Cooperative Limited (FOSCOOP) and the newly established Ward Based Cooperative societies. In effect, there are now a minimum of about 332 Ward based cooperative societies in Osun State all of which have received about One Million Naira each.
“To date, the amount of loans released to the Federation of Osun State Cooperative Limited (FOSCOOP) is about Seven Hundred Million Naira (N700.000,000). The loan disbursement is being handled in batches.
“Our government had earlier signed a Memorandum of Understanding (MOU) with the Federation of Osun State Cooperative Limited. The MOU provides a strong framework for the sustainability of the loan scheme. We reaffirm our resolve to complete the loan disbursement and even expand the coverage in the near future.
“Aside from the push for financial inclusion through the cooperative movement, our government is also deepening training of cooperative professionals. The more we produce trained professionals, the more the capacity of our cooperative societies to survive and thrive.
“We have released funds for the rehabilitation and upgrade of the Odeomu Cooperative College. Work is presently ongoing. I hereby further direct the Ministry of Cooperative and Empowerment to ensure proper linkage between the College and the state universities. This will deepen the capacity of the College through academic exchanges in relevant fields.
“We are here to directly present cash backed cheques to beneficiaries across the wards. I urge those targeted for this phase of the loan disbursement to invest it judiciously in their businesses. I advise that you start somewhere or add the fund to your existing businesses.
“Our government will be following up. We promise to reward beneficiaries who grow their businesses from this exercise. We will not relent in our support to grow the local economy through financial inclusion”, Gov Adeleke posited.
Following his observations that ‘the momentum was strong’ Matt Gaetz whom 47th POTUS elect, Donald Trump nominated for Attorney General has withdrawn.
Biztellers reports that this follows his meeting with Senate and the feedback, which included two women, represented by their attorneys, who accused him of having paid for sex.
Consequently, Gaetz placed on record his full commitment to seeing “that Donald J. Trump is the most successful President in history.”
His withdrawal according his statement on micro-blogging site, X, was based on his conviction that “There is no time to waste on a needlessly protracted Washington scuffle”.
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In is view, “Trump’s DOJ must be in place and ready on Day 1”.
Gaetz wrote, “I had excellent meetings with Senators yesterday. I appreciate their thoughtful feedback – and the incredible support of so many. While the momentum was strong, it is clear that my confirmation was unfairly becoming a distraction to the critical work of the Trump/Vance Transition. There is no time to waste on a needlessly protracted Washington scuffle, thus I’ll be withdrawing my name from consideration to serve as Attorney General. Trump’s DOJ must be in place and ready on Day 1.
“I remain fully committed to see that Donald J. Trump is the most successful President in history. I will forever be honored that President Trump nominated me to lead the Department of Justice and I’m certain he will Save America.”
His backers have promptly encouraged to take his seat in the House of Representatives, having been elected to the house under the flag of the Republicans to represent Florida.
The Executive Governors from Nigeria’s South West have unanimously nominated Senator Ademola Adeleke as the chairman of the zone on the National Economic Council (NEC).
Adeleke is the Executive Governor of Osun State, southwest, Nigeria.
This, according to the Spokesperson to Governor Adeleke, Olawale Rasheed, transpired on Thursday, at a meeting of the NEC.
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He noted that the meeting reviewed the state of Nigeria’s electricity sector and resolved to engage subnational structures to address current challenges in the sector.
“The meeting particularly sought to build on the devolution of the electricity sector and its movement into the concurrent legislative list which empowers state governments to regulate the sector in their respective areas,” he stated.
Consequently, the NEC, therefore set up an ad hoc committee to review actions in the sector by state governments and explore ways to ramp up activities through coordination, Rasheed highlighted.
The full list of members of NEC’s Ad-hoc Committee on National Electrification:
- Governor of Cross Rivers State, Bassey Out – Chairman, South-South
- Governor of Katsina State, Mallam Dikko Umaru Radda – Chairman, North-West
- Governor of Gombe State, Muhammadu Inuwa Yahaya – Chairman, North-East
- Governor of Osun State, Senator Ademola Adeleke – Chairman, South-West
- Governor of Imo State, Senator Hope Uzodinma – Chairman, South-East
- Governor of Plateau State, Barr. Caleb Mutfwang – Chairman, North-Central
- Hon. Minister of Finance, Wale Edun
- Hon. Minister of Budget and National Planning, Atiku Bagudu
- Special Adviser, NEC and Climate Change, Rukaiya El-Rufai
- Special Adviser, Power Minister, Hon. Bolaji Tunji
- MD/CEO Rural Electrification Agency, Abba Aliyu
- MD/CEO Niger Delta Power Holding Company, Jennifer Adighije
- Chairman, Nigeria Governors Forum, AbdulRahman AbdulRazak
- NEC Secretariat
The Arewa Consultative Forum (ACF) has announced its decision to back Northern candidates in the 2027 general elections, citing the urgent need to address the worsening socio-economic and security challenges facing the region.
In a communique issued after its National Executive Council meeting in Kaduna on Wednesday, the forum expressed deep concern over the economic state of Northern Nigeria under President Bola Ahmed Tinubu’s administration, attributing the region’s struggles to flawed governance and poor policy decisions.
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The ACF criticized the Federal Government’s economic policies, describing them as detrimental to the livelihoods of Northern citizens.
According to the communique, signed by the forum’s National Publicity Secretary, Professor Tukur Muhammad-Baba, the policies have compounded the already dire economic conditions in the region.
The statement reads, “Arewa people remain at a great disadvantage, being already worse off economically compared to other parts of Nigeria. While economic reforms are indeed desirable, they should not impoverish the same people they are meant to serve. Policies must have a human face.”
The forum noted that the North faces chronic food insecurity, limited educational and vocational opportunities for youth, and a heavy reliance on small-scale economic activities.
“Livelihoods are currently dependent on micro activities. The region faces acute and chronic food insecurity; its youths lack education and skills training. Daunting as these may be, they can be reversed. The time to think big is now,” the communique emphasized.
The ACF also addressed the pervasive insecurity in the North, warning that the situation has begun to erode public confidence in the government.
“Security is an irreducible minimum of human existence. In this regard, insecurity in its various manifestations remains the most worrisome challenge of Arewa people, that has even started to corrosively undermine the authority of government,” the forum stated.
It condemned the government’s response to the crisis, arguing that the Federal Government has failed to meet its primary duty of safeguarding lives and property.
“That those whose responsibility it is to provide security will be saying they are doing their best is unacceptable,” the communique said. “The minimum duty of government is to safeguard life and property, and doing anything less is a failure.”
The ACF faulted what it described as the “flawed leadership selection process” under the Tinubu administration, claiming it has elevated individuals without the requisite competence or experience to key positions.
It urged the Federal Government to “review, reassess, reevaluate, and re-order the direction of its economic policies with a view to giving it the needed human face.”
Looking ahead to the next general elections, the ACF pledged its support for Northern politicians who demonstrate a clear commitment to addressing the region’s challenges and fostering national development.
“Notwithstanding the parlous state of Arewa’s glaring economic conditions, the policies of the current Federal Government have continued to make matters much worse,” the communique stated.
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