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GBOYEGA OYETOLA SET FOR OSUN GUBER RACE

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Leadership in tough times requires

men with clear vision and a rare sense of service that will add values to the
populace and for the good of all.

At this point in Osun State, the

choice of Gboyega Oyetola, a
certified insurance broker, entrepreneur and politician as the gubernatorial
candidate of the All Progressive Congress (APC) is informed by not only his
intelligence and integrity but competence and character.

Oyetola, who hails from Iragbiji in

Osun State recently celebrated his 60th birthday, born September 1954, had his
primary and secondary education in Ifeoluwa Grammar School, Osogbo, and further
moved to the prestigious University of Lagos for his Bachelor’s degree and
later a Master’s degree in 1978 and 1990 respectively.

A man with cognate experience in

political administration and governance, having served in Governor Rauf
Aregbesola’s eight-year administration as the Chief-of-Staff since 2011.

Oyetola’s imperatives capabilities

as the Chief of Staff made him relevant and convincing, that he earned the
support and confidence of civil servants, politicians, youth and the
citizenry.

His innate characteristics depicts a

man who can lead, define and address issues without aggravating the problems.

At a time Osun State needed an

experienced technocrat that could confront the challenges of grappling
with the lean revenue, indebtedness,
contractual obligations, collapsed infrastructures and unpaid salaries, the
Ogbeni Rauf Aregbesola-led administration required a strategist imbued with
integrity, competence, sacrifice and ability to wriggle the State out of
the scary economic predicament as a
Chief of Staff.

The searchlight beamed on Adegboyega

Oyetola to help initiate improvements, cultivate new innovations in the
provisions of infrastructure and to unwaveringly render corresponding services
to the state as a tested technocrat and successful businessman.

On assumption of office, he improved

upon the existing policies of the government and within a short time, the
administration confronted the hydra-headed challenges headlong and laid a solid
foundation of prosperity.

With his imperative leadership style

of distributing and applying material and manpower resources at every
opportunity, his philanthropic gestures travelled to places he has never been
to and endeared him to the grassroots and the people, portraying him as a
progressive politician who helped renew public trust and confidence in the government.

In recognition of his sterling

qualities in all spheres of life, he has been decorated with an array of awards
of leadership, outstanding performance and excellence in public service.

As the Area Manager at the Leadway

Assurance Company Limited between 1980 and 1987, he displayed obsessive
assertion to operations and ensured the product lines under his watch yielded
bountiful gains for the company.

In the sharks invested waters of

Insurance, he stayed afloat as the underwriting Manager between 1987 and 1990
at the Crusader Insurance Company Limited before he joined the Alliance and
General Insurance as Technical Controller till 1991.

As a man above average in his

ability and quality, he desired freedom and veered off corporate world and
flung his whole life into business.

With candour and experience, he

swiftly responded to the challenges of the new environment to establish
SilverTrust Insurance Brokers Limited, where he deployed dynamic interaction
and financial acumen to competitive advantage, battled ceaselessly over market
shares and created template for a profitable growth in the future for the
company.

His strategies; thinking and ability

to excel at all times prompted his appointment as the Executive Vice Chairman
at the Paragon Group of Companies, with interests in Oil and Gas, Mining and
Real Estate since 2005 until 2011.

Adegboyega’s business acumen and

ability to understand the fundamental practice of management threw at him the
Chairman’s seat of Ebony Properties Limited, having served as a director at
Pyramid Securities Limited.

Cerebral and enigmatic, he has

demonstrated bravery, sagacity and love for the people. His emergence as the
flag bearer of the party like his slogan ILERIOLUWA, is only divine, a pact
with God which reflects in the huge endorsements and acceptance he has been
enjoying from party faithfuls who are daily galvanising supports for him.

Oyetola is coming to the helm of

affairs in Osun with a roadmap towards setting explicit targets and creating
necessary growth that will safeguard the lives of the people, empower and
create jobs for the teeming youths, protect the integrity of the private
sectors, give life to start-ups, raise innovative entrepreneurs, give confidence
to investors and sustain the momentum of growth. For a purposeful leadership in Osun,
Adegboyega Isiaka Oyetola is fit to pull Osun through the current meltdown to
prosperity, peace and tranquillity.

News and Report

Adeleke swears in new Osun LG chairs, urges good governance

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Osun State Governor, Senator Ademola Adeleke, on Sunday, inaugurated the newly elected local government chairmen and councillors in the Saturday poll.

Adeleke urged them to focus on good governance while warning against any attempt to forcibly occupy council secretariats.

He also expressed gratitude to President Bola Tinubu for resisting attempts by some forces to destabilise Osun State.

Speaking at the swearing-in ceremony in Osogbo, the governor described the occasion as a major milestone in the state’s democratic process, emphasising that the election was conducted in line with due process.

“We are here to conclude a democratic process for which we all laboured so hard to achieve,” Adeleke said.

Before proceeding with his address, the governor called for a minute of silence in honour of those who lost their lives during the “illegal APC takeover of local government secretariats.”

The governor recounted the journey leading to the local government election, stating that the Osun State Independent Electoral Commission had duly followed all legal procedures.

“The state electoral body had issued due notice of election a year ago. I know the commission had complied with all extant rules and procedures which led to the emergence of new local government chairmen and councillors,” he stated.

While acknowledging the legal controversies surrounding the election, Adeleke affirmed that his administration acted within the ambit of the law.

“It is, however, a thing of joy that the facts are out in the public domain, and we are satisfied that we are on the side of the law within the context of the rule of law and the constitution,” he added.

Call for Good Governance….

Addressing the newly sworn-in officials, Adeleke charged them to be “agents of change, community developers, and deliverers of the dividends of democracy.”

“You have the mandate to deliver on good governance in your respective local governments.

“I charge you to develop plans of action within the manifesto of the Peoples Democratic Party (PDP).

“As our government is transforming the state for the better, I call on you to be agents of change,” he said.

The governor also appreciated the people of Osun for their steadfast support, assuring them that his administration would remain committed to their welfare.

“Osun people demonstrated courage and passion to exercise their voting rights, and they did so by massively supporting our party despite all the constraints. We will not fail you. People’s welfare will continue to be our watchword,” he promised.

Adeleke commended OSIEC, security agencies, and state officials for ensuring the success of the election.

Appreciation to Tinubu

In a significant moment, the governor expressed gratitude to President Bola Tinubu for resisting attempts by some forces to destabilise Osun State.

“I should not end this address without acknowledging the contributions of Mr. President, Senator Bola Ahmed Tinubu.

“I am most grateful to Mr. President for rejecting efforts by some forces to plunge Osun into chaos,” Adeleke stated.

He reaffirmed his commitment to upholding the rule of law and the constitution in governance and conflict resolution.

Warning Against Forced Takeover
The governor strongly advised the newly elected chairmen and councillors to avoid confrontation at local government secretariats, citing an ongoing legal process to resolve the leadership crisis.

“I urge you and your councillors to please stay away from the council secretariats to avoid any clash with those whom the police had aided to forcefully occupy the local government secretariats,” Adeleke cautioned.

He referenced an Osun State High Court ruling that had affirmed vacancies in both chairmanship and councillorship positions before the election on February 22, 2025, assuring that his administration would rely on the judiciary to remove those illegally occupying the secretariats.

“Please be patient and always abide by the rule of law,” he advised.

With that, Adeleke formally declared the swearing-in of the elected local government officials.

“It is on this note that I, Senator Ademola Jackson Nurudeen Adeleke, the Executive Governor of Osun State, hereby effect the swearing-in of elected local government chairmen across Osun State. Congratulations and God bless you,” he concluded.

 

 

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News and Report

Alcohol, tobacco record highest inflation rate

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The National Bureau of Statistics has disclosed that alcoholic beverages, tobacco, and narcotics recorded the highest inflation rate at 14.80 per cent, according to its latest rebased Consumer Price Index for January 2025.

In a graphical illustration presented in its CPI report, the NBS noted that the alcohol and tobacco item division was followed by restaurants and accommodation services, which had an inflation rate of 14.14 per cent, while transport and clothing and footwear recorded 12.77 per cent and 12.73 per cent, respectively.

The report, which rebased Nigeria’s CPI to 2024 as the new base year, revealed that headline inflation stood at 24.48 per cent in January 2025, meaning that the general price level of goods and services rose significantly compared to the same period in 2024.

The report by the NBS read, “The rebased All Items index in January 2025 was 110.68, while the headline inflation rate on a year-on-year basis stood at 24.48 per cent in January 2025.

“This means that the general prices of goods and services in Nigeria increased by 24.48 per cent compared to January 2024.”

The CPI rebasing was necessary to reflect current economic realities and consumption patterns in Nigeria.

The rebased CPI structure covers 934 product varieties, classified under 13 divisions based on the 2018 Classification of Individual Consumption According to Purpose.

The divisions include food and non-alcoholic beverages, clothing and footwear, transport, housing and utilities, furnishings, health, communication, and education, among others.

The weighting structure was adjusted to account for changes in consumer spending, with food and non-alcoholic beverages maintaining the highest weight at 40 per cent, although it declined from 51.8 per cent in the previous base year of 2009.

According to the report, inflationary pressures varied across different categories, with food and beverages inflation at 10.64 per cent, reflecting the continued rise in staple food prices.

The personal care, social protection, and miscellaneous goods and services division recorded 12.04 per cent inflation, while furnishings, household equipment, and routine household maintenance saw an inflation rate of 11.48 per cent.

The health sector recorded 9.42 per cent inflation, while housing, water, electricity, gas, and other fuels increased by 7.61 per cent.

The education sector and insurance and financial services recorded the lowest inflation rates, standing at 4.88 per cent and 4.65 per cent, respectively. Information and communication, which was newly assigned a higher weight in the rebased CPI, had an inflation rate of 7.54 per cent.

The recreation, sport, and culture category recorded 6.85 per cent, highlighting moderate price increases in these services.

The NBS report highlighted the divergence in inflation trends between urban and rural areas, with urban inflation at 26.09 per cent, while rural inflation stood at 22.15 per cent.

This suggests that price pressures were more severe in urban areas, particularly in sectors such as housing, transportation, and restaurant services, where cost increments were more pronounced.

The rebasing exercise introduced new methodologies to enhance the accuracy of inflation tracking.

Data collection was fully digitised, replacing paper-based surveys with computer-assisted personal interviewing devices, which allowed real-time transmission and verification of price data.

The high inflation rate for alcoholic beverages and tobacco is linked to multiple factors, including excise duties, exchange rate volatility, production costs, and supply chain disruptions.

We further observed that Imo State emerged as the most expensive state to reside in Nigeria following the rebasing of the Consumer Price Index by the NBS.

The development marked a significant shift in Nigeria’s inflation rankings, as Bauchi, which held the top spot for seven consecutive months, was dethroned.

The change comes after the NBS updated its methodology, adjusting the base year from 2009 to 2024, revising the weighting structure, and expanding the consumer basket to better reflect household spending patterns.

Earlier, the Statistician-General of the Federation and Chief Executive of the NBS, Prince Semiu Adeyemi, said, “Rebasing our GDP and CPI allows us to align with these transformations, providing a more precise and relevant picture of Nigeria’s economic landscape.

“This process is foundational to informed policymaking, strategic planning, and effective governance; hence, it is one exercise that the NBS is conducting with significant importance and professionalism.”

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News and Report

Fire guts MTN booster station in Oyo

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An MTN booster station located on the premises of the University of Ibadan, Oyo State, was gutted by fire on Saturday.

Our Investigations revealed that the fire, which broke out at the booster station within the Faculty of Nursing, was caused by an electrical surge.

One of the witnesses told our correspondent that “the incident occurred in the early hours of Saturday around 4 am.”

Another source said, “The incident affected the Mikano electrical generator, board, and other telecommunications gadgets in the booster station.”

When contacted in Ibadan, the state capital, the Special Adviser on Fire Services Reform to Governor Seyi Makinde and Chairman of the State Fire Services Agency, Moroof Akinwande, confirmed the incident.

He said the booster station belonged to the MTN.

He said, “The state Fire Service’s prompt response doused the fire at the MTN booster station beside the Faculty of Nursing, University of Ibadan.

“The fire incident was reported exactly at 04:00 hrs on Saturday, February 22, 2025.

“The fire personnel, led by ACFS Olubunmi, were promptly deployed to the scene and arrived on time.

“On arrival, we met the Mikano electrical generator and board on fire. We quickly joined hands with the university’s fire marshals, and the fire was extinguished completely. The fire was caused by an electrical surge”, he explained.

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