NEWS
Gov Akeredolu Inaugurates Olaiya Flyover In Osogbo
Ondo State Governor, Arakunrin Rotimi Akeredolu, SAN, on Thursday inaugurated the iconic Olaiya flyover in Osogbo, the Osun State capital.
Akeredolu described the performance of Oyetola in the State as incredible and worthy of emulation.
This is even as Governor Adegboyega Oyetola said the construction of the flyover was a child of necessity aimed at putting a permanent end to avoidable road accidents and other mishaps hitherto being experienced by road users and residents of the State.
The newly-inaugurated Olaiya flyover was completed within the one-year time frame allotted to it a few months ago with a target to substantially ease the growing traffic, eliminate unnecessary cases of accident, secure the lives of the valued citizens and further enhance the architectural beauty of the State capital.
Addressing the people at the venue of the inauguration, Governor Oyetola said the successful completion of the flyover was an attestation to the efficacy of the Alternative Project Funding System, a novel development model introduced by his administration to boost the State’s development and infrastructure needs.
He said his administration has taken care of the fears and evil of fiscal indiscipline and lack of implementation, which hamper projects and services in the nation’s public service as seen in the myriad people-centred and masses-focused projects being inaugurated and delivered for the use of the people of the State in the about four years of being at the helm of affairs.
The Governor who described the flyover as an architectural masterpiece, a paragon of aesthetics and a socioeconomic signature on the economic transformation captured by the Development Agenda of his administration, said, “This is another fulfilment of our electoral promise we exchanged for the mandate of our people”.
He said his government has so far proved that infrastructure and economic development are doable in a depressed economy and that stagnated development in a struggling economy is a product of intellectual laziness, dearth of creativity, shortage of innovation and lack of political will.
“It (Olaiya flyover) is a worthy complement to the over 500km roads we have rehabilitated and constructed in our four years in government so far.
“Fixing our State’s infrastructure deficit is a critical item on our Development Agenda. This is because no economy can truly succeed without adequate infrastructure to make life easy for residents and businesses.
“This realisation accounts for why we are engaging in mass spread of infrastructure development across the State to stimulate development in line with our Development Agenda.
“We have rehabilitated and constructed several roads across the State as a catalyst for equitable socio-economic development. Among these roads are: Ada-Igbajo road, Osogbo-Kelebe-Iragbiji road, and Akindeko-Awosuru link road via Adejumo Street with Oremeji spur, Akinlade Street, Adewale Street with loop to WAEC road all in Osogbo; Army Barack (Ede)-Ara-Ejigbo township road, Moro- Yakoyo-Ipetumodu-Asipa-Ife/Ibadan Expressway Junction Road and Ereja Roundabout-Ereguru-Isaare-Oke Oye-Sabo (Irojo)-Ilesa/Akure Expressway Junction.
“Others are: Lawyer Atanda Road, Iwo; Ila-Arandun-Kwara Boundary Road; Nike Gallery-Ido-Osun Township airport with palace spur; Ikirun-Eko-Ende Road; the access road to Fountain University, Osogbo; Osogbo (Lameco)-Okinni-Ilobu-Ifon Osun Market with Spur to Olobu’s Palace; Osogbo/Ilobu-Akari-Erin Osun Roundabout on Osun LCDA Junction; Post Office-Ayetoro-Jamodo-Ifon Palace-Janta Ifon Osun; Isale-Asa-Oke Aree road, Iree, as well as Ikire township roads, among other interventions.
“There are however a few other roads that are still on-going, while some are nearing completion. Among these roads are: Ife Township Roads; Inisa Road and Osogbo-Iwo Road.
“We have also focused attention on opening up our rural roads with the aim of connecting them to the urban areas. This is to stimulate rapid state-wide development and facilitate ease of movement for our people and goods from one part of the State to another.
“The strength of this Olaiya Flyover is in the faithful implementation of traffic regulations by our relevant officers and the resolve of our people to obey the rules. I, therefore, appeal to us all to faithfully play our parts so that we can be united in saying never again to loss of lives and economic wastage in our dear State.
“My dear good people of Osun, as we inaugurate this iconic Olaiya Flyover today, I welcome you, the good people of Osun, to an accident-free driving around this axis, a safe and secure life and an enduring architectural beauty of Osogbo, our State capital.
“Olaiya Flyover is your property and heritage. Own it. Make the best use of it and pass it to our unborn generations as you go about your businesses and daily lives”, he added.
Inaugurating the flyover, Governor Akeredolu, commended Oyetola for being committed to the welfare and general well-being of the people of the State.
Akeredolu who described the flyover as unprecedented in the history of the State, expressed confidence in the fact that the facility would go a long way at meeting the infrastructure needs of the axis, most importantly the road users.
“I am not new to Osun. I am not new to Osogbo. It is important to me for many reasons. I have followed the history of this State. I say it without mincing words that Oyetola has made his mark in the sand of time. If you don’t know what he has done, see this place, you will see part of what he did. I am overwhelmed with joy for giving me the opportunity to partake in this programme.
“This is historic in the history of Osogbo. Oyetola has made history. I congratulate you for your resilience in the face of daunting challenges even from those that are supposed to be your friends.
“We knew what you met in the State and we know what you have done and where you have taken the State. We can’t lie to ourselves, we are fearless — you have tried. We were here when salaries were owed for several months but you came and the story changed. I commend you for making the interest of your people primary consideration.
“For me, development is about people. All efforts conceived and geared towards the amelioration of the welfare of the people must be commended. You are indeed a talk and do governor. Any government that prioritizes the interest of the people is an organized one.
“The verdict of history will be written after your eight years. You have done excellently well. I know the crucial role infrastructure development plays in any society as it opens up everywhere. Some people may be saying road is not what they will eat, but I know it brings development.
“Living in an environment will be stress free if infrastructure is put in place for socio-economic development to thrive. We know what you have done. God will reward you. As we can see, direct beneficiaries of this initiative are numerous both within and outside the state.
“I thank you for insisting to discharge this for the people of Osun. We were here when the results of the election were declared. We were downcast but you were not. I commend you for the way you have managed the affairs of this State. You have done incredibly well. You shall be returned for another four years. How many Governors can boast of what you have done in four years? You have justified the confidence bestowed on you by your people.
“I congratulate the people of Osun on the tremendous boost they have witnessed in the State. It is not only mouthing Omoluabi ethos that matters but upholding it. I say to you, Oyetola, you are indeed an Omoluabi, true and true,” he added.
Earlier in his welcome address, the Commissioner for Works and Transport, Engr Remi Omowaye, said the successful completion of the flyover would in no measure add value to the socioeconomic activities in the State in general and Osogbo in particular.
Omowaye who highlighted many of the infrastructure developments, particularly road infrastructure initiated by the Oyetola led administration, said indeed the government has raised the bar of infrastructure in the State.
He commended the people of the State for their love and perseverance throughout the construction period saying, “It is a thing of joy that the State has successfully inaugurated it for the use of the generality of the people in the state and beyond.
The Contractor of the project and Chairman Peculiar Ultimate Concerns, Engr Olanrewaju Adeleke, reassured the people of the quality of work done on the flyover which according to him has the capacity to meet immediate and future needs of the road users.
He said: “Every engineering work is meant to meet immediate and future requirements. This project has met its billing. It has solved all the immediate problems and future road mishaps. I commend the Alternative Project Funding Approach of the State that has helped to actualise this iconic Olaiya flyover”
NEWS
‘Not Off the Table’ — FG Threatens Retaliation Against South Africa Over Xenophobic Attacks on Nigerians
The Federal Government has warned that retaliatory measures against South African interests in Nigeria remain under consideration following the recent wave of xenophobic attacks targeting Nigerians and other foreign nationals in South Africa.
Minister of Foreign Affairs, Bianca Ojukwu, expressed the government’s frustration on Monday, accusing South African authorities of failing to adequately protect Nigerians from harassment, intimidation, and attacks.
Speaking to State House correspondents in Abuja, Ojukwu rejected claims that most Nigerians affected by the violence were undocumented migrants, insisting that many of them are law-abiding residents engaged in legitimate businesses.
“To say that Nigerians who are in South Africa doing legitimate business are illegal migrants is absolutely untrue,” she said.
The minister noted that Nigerians were unhappy with the treatment being meted out to them despite Nigeria’s historic support for South Africa during the struggle against apartheid.
SEE ALSO: Atiku Knocks FG’s ‘Sluggish’ Handling of South Africa Xenophobic Violence
“Nigeria is not happy because Nigeria sacrificed much for the South African struggle for independence. Nigeria committed funds and resources to aid South Africa. My generation demonstrated and protested in support of South Africa. Nigerians are not happy about how they have been treated,” Ojukwu stated.
When asked whether Nigeria could impose restrictions on South Africans living or doing business in the country, the minister said such measures had not been ruled out.
“That is a situation we are considering. This is a decision that has to be taken at the highest level of government, but it is not off the table,” she said.
Meanwhile, the Federal Government has activated a crisis response mechanism through the Nigerian Mission in Pretoria and the Nigerian Consulate in Johannesburg to assist citizens affected by the attacks.
Ojukwu disclosed that President Bola Tinubu had directed relevant agencies to ensure the safe evacuation of Nigerians willing to return home.
According to her, the number of citizens seeking repatriation continues to rise as the situation worsens in parts of South Africa.
She explained that both Nigerian and South African authorities were carrying out screening and documentation processes to facilitate the return of affected citizens.
The minister also assured that returnees would receive support upon arrival in Nigeria through collaboration with the National Emergency Management Agency (NEMA) and other government agencies.
In a related development, the Ministry of Foreign Affairs announced the postponement of the planned evacuation of 270 Nigerians from South Africa, citing unforeseen logistical challenges.
The ministry’s spokesperson, Kimiebi Ebienfa, said the flight, originally scheduled to depart Johannesburg on Monday, had been rescheduled for Wednesday to allow authorities complete necessary arrangements.
Ebienfa disclosed that more than 1,000 Nigerians had already been screened and cleared for possible evacuation.
He also clarified that, unlike previous evacuation exercises, the Federal Government would fully fund the operation and would not depend on donations from private individuals.
“The Nigerian government will not wait for philanthropists to donate their planes before doing what it is supposed to do and evacuate its citizens facing trouble anywhere in the world,” he said.
The latest developments came after South African President Cyril Ramaphosa addressed the nation on the growing anti-migrant tensions, condemning attacks on foreign nationals while promising stricter enforcement of immigration laws.
Ramaphosa urged citizens to reject violence and resolve concerns through lawful means.
“We must end illegal migration and secure our communities. However, we must overcome these challenges through peace and love, not through fear, anger or violence,” he said.
The Federal Government has reiterated its commitment to protecting Nigerians abroad and ensuring the safe return of those affected by the ongoing crisis.
NEWS
Agip Retirees Lament over 17 Years Outstanding Pension after Oando Takeover
Former staff members of the Nigerian Agip Oil Company (Oando Energy Resources Nigeria Limited), have staged a peaceful protest demanding payment of their pension salary, which has not been paid in the last 17 years.
The senior citizens, who protested under the platform, Agip Oil Company Pensioners Association of Nigeria (AOCPAN), accused the management of the company of unilaterally stopping the payment without any reason. The retirees, who brandished placards with different inscriptions, lamented that their members were dying in numbers because of hardship and inability to meet their daily needs.
They condemned the inhumanity of Oando’s management towards the vulnerable retirees, stressing that the company has blocked its gate concerning any issues about the retirees.
Some of their demands are: “Oando management is strategically out to exterminate the retirees through zero welfare support for the retirees.
“Oando bought the assets and liabilities of Agip; but, has trickishly taken the assets and abandoned the major liabilities – the retirees of Agip that bought.”
Chairman of the group, Engr. Elder Paul Sito, who addresses newsmen at the front of the company in Port Harcourt, Rivers State, yesterday, alleged spouses of late retirees were denied access to medical services which are supposed to be for lifetime.
According to Elder Paul, the management of the company does not have a welfare plan for the retirees, adding that senior citizens have been abandoned without any economic and welfare support.
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Speaking further, the chairman claimed that the management has refused to follow the steps of other companies concerning retirees’ welfare.
He said: “The reasons for the protest are many; we were retirees of Agip Oil Company and as a retiree, there is a pension act concerning retirees. There are welfare and pension monthly payments for these retirees. We received this pension welfare or pension salary for years until it stopped in 2009.
“Management unilaterally stopped it. We don’t even know why, they gave us reasons that are not obtainable in the world, the reason is that because a new management came, they were looking for documents to show that the payment they have been doing should continue (a payment that they were making should continue, they are looking for a document to approve that payment) and because they didn’t see it they stopped unilaterally?”
Paul explained further: “And the association picked it up, when the association was so new and its major focus was on increase in minimum wage, which they continued with the management.
And at that time, we never had what we now call (HIPAN) Hydrocarbon Industry Pensioners Association of Nigeria – the gathering of all the five companies’ retirement representatives.
“They meet and check their books to see who is doing less and who is doing more, so that those who are doing less will go back to their management and inform them appropriately like it has always been done when we were in service and that continued until 2009 when they stopped it.
“Up till today, we have never gotten a dime. In 2023, we came out like this and they gave us 1% or less; in 2024, we also came out, they gave us another half of 1%; and now, they have cut short the welfare for our deceased spouses which was supposed to be for life, they have cut it short to two years.”
The chairman emphasized: “We are asking them to reinstate it. It is for life, every other IOC (International Oil Company) is serving for life. “We are saying whatever the retirees of each of these companies get during negotiations should be applied to the retirees in Oando.”
He lamented: “All this while, we have been suffering, we have written letters to them telling them that we want to meet so that we can give them our charter of demand; we did that last year July. they replied that okay, they have heard from us officially, that they’ll go and look for it, they went and kept looking at it for months. When our letters will not be replied anymore.
“We planned to come out and they heard of it and they immediately called us for a meeting. We went and they still promised us and up till now, they brought nothing. The other oil companies are increasing pensioners salaries every year, but here, it’s a different story.”
One of the retirees, who simply gave her name as Mrs. Regina, lamented that the stipend they receive from the company is of no value to the current economic condition in the country.
High Chief Oluwa Oluwaneye said: “You can see me, I was not like this, I was a good player and a good wrestler and now what God gave to me to satisfy my family, I can’t provide it again because of the condition.
“I entered this Agip in 1955. He (owner of Oando) said he is fit to buy the company; he should know that the people who worked in the company and gave him the power to come and buy, he should empower them.”
NEWS
Loss of 5 Rigs Threaten Govt’s Revenue
A sharp decline in oil drilling activities which has led to the loss of five active rigs within a month might be threatening Nigeria’s revenue outlook.
According to a report by the African Energy Council (AEC), the slump in Nigeria’s rig count has raised concerns over future crude production, government earnings and fiscal stability.
The report revealed that Nigeria’s active rig count dropped from 17 in March to 12 in April 2026, representing a decline of nearly 30 per cent in just one month and signalling weakening upstream investment and exploration activities.
Rig count, a key indicator of oil and gas exploration and production activities, measures the number of drilling rigs actively operating within a country or region.
Industry experts often regard it as a leading indicator of future production levels. The development comes at a time when Nigeria is struggling to meet its crude oil production targets and relies heavily on petroleum earnings to finance government expenditure.
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According to the report, the decline in rig activity poses a direct threat to the Federal Government’s 2026 budget benchmark of 1.84 million barrels per day (bpd), especially as actual production stood at about 1.48 million bpd in April 2026.
The AEC noted that while the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported 31 active rigs during the period, the Organisation of Petroleum Exporting Countries (OPEC) placed the figure at 12.
It explained that the discrepancy likely reflects differences in counting methodologies, including whether rigs on standby are classified as active.
Despite the differing figures, the Council stressed that both data sets point to a downward trend in drilling activity.
The think tank warned that with only 12 active rigs operating in April, Nigeria’s future production capacity is under severe threat unless urgent measures are taken to reverse the decline.
It further observed that the country’s rig count had already fallen from 15 in 2024 to 13 in 2025, indicating that several potential barrels that should have contributed to current production were never drilled.
“AEC views Nigeria’s upstream retreat with serious concern. A 41.7 per cent single-month rig count collapse, compounding revenue losses exceeding $3.1 billion, and a widening gap between NNPC’s 2030 ambitions and ground-level drilling activity signal a sector in structural distress rather than a cyclical downturn,” the report stated.
While Africa drills forward, Nigeria drills back. Without urgent policy action, Nigeria risks permanently ceding both its relevance within OPEC and its opportunity to monetise reserves before the global energy transition narrows that window.
The warning comes against the backdrop of mounting fiscal pressures. Oil revenues account for roughly 60 per cent of government earnings, meaning lower production could translate into wider budget deficits and increased borrowing.






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