Ekiti Releases N1.2bn Grants to  Schools, Others for 2024/2025 Session

. Oyebanji inaugurates Ekiti builders’market

Gbenga Sodeinde in Ado Ekiti

Ekiti State Government will expend a total of N1,179,235,500.00 as running grants for primary and secondary schools as well as Technical Colleges and the three Government Special Schools in the state for the 2024/2025 session alone.

Also, in a bid to enhance commercial activities and provide a central location for sourcing building materials in the state, Ekiti State Governor, Biodun Oyebanji, has inaugurated a newly completed ultra-modern market for building materials, describing it as a milestone achievement in the state drive towards economic growth and infrastructure development.

The state Commissioner for Information, Mr. Taiwo Olatunbosun, who made this known in Ado Ekiti, said that  N11,306,760,012.54 was expended on renovation and construction of facilities in all the 203 public secondary schools under the World Bank supported Adolescent Girls’ Initiative for Learning and Empowerment (AGILE) project.

He added that the government also paid N6,154,879,897.36 as counterpart fund to the Universal Basic Education Commission (UBEC) for its 2022, 2023 and 2024 projects in the 927 public primary schools in the state while N16,388,047.77 was spent on Procurement of Continuous Assess Documents for public secondary schools and N174,032,505.00 for instructional materials for Primary Schools among others.

Giving a breakdown of disbursement of running grants since the inception of Governor Biodun Oyebanji’s administration, Olatunbosun said the 203 public secondary schools in the State were given N214,479,000.00 for the 2022/2023 session, N235,157,400.00 for 2023/2024 session and N602,356,500.00 for 2024/2025 session while the primary schools got N101,419,200.00 for 2022/2023, N109,854,900.00 in 2023/2024 and N381,258,000.00 for 2024/2025, adding that the Technical Colleges took N6,774,300.00 in 2022/2023, N5,981,400.00 in 2023/2024 and N10,737,000.00 in 2024/2025.

According to him, the three Government Special Schools are paid N15,407,000.00 monthly as grants for feeding and maintenance with facilities in the schools upgraded to ensure operational efficiency while professional therapists, including physiotherapists, occupational therapists, and speech-language pathologists were engaged to provide remediation services for the PWDs pupils/students in the schools.

He highlighted some of government’s interventions in public secondary schools in the state to include renovation of 1,135 classrooms and construction of 83 new classrooms, construction of 419 new toilets and renovation of 277 existing ones, drilled 32 boreholes and rehabilitated eight for improved water access.

Olatunbosun said the state also renovated, furnished and equipped 18 libraries, 105 science laboratories, 67 multi-purpose halls and constructed perimeter fencing of 46 schools while 2,978 units of school furniture and learning materials were procured and distributed.

Stressing the need for all stakeholders to reciprocate and support the efforts of the Oyebanji administration to rapidly develop the State and provide access to inclusive qualitative education in conducive teaching and learning environment for all, Olatunbosun solicited the involvement of all and sundry in protecting public property in their respective areas for proper maintenance and sustainability.

He reiterated the commitment of the present administration to the provision of free, qualitative and compulsory education for school-age children in the state, adding that the state government had invested so much in the sector and all parties should join hands to protect the investment in order to genuinely achieve the desired goal.

The government spokesman said protecting public property like schools would enhance safety and well-being, stressing that well-maintained public property reduces hazards and contributes to a safer environment for residents, while conversely, neglected or damaged property can pose risks and even attract criminal activity.

He also cautioned principals and head-teachers of public schools to shun corruption and any form of sharp practices, stressing that it would be wrong for anybody to misrepresent issues under any guise to possibly attract donations from individuals, group of people, philanthropists or association without consideration to the unjustifiable effect on the image of the government.

Meanwhile, in a bid to enhance commercial activities and provide a central location for sourcing building materials in the state, Ekiti State Governor, Biodun Oyebanji, has inaugurated a newly completed ultra-modern market for building materials, describing it as a milestone achievement in the state drive towards economic growth and infrastructure development.

The market, which is a Public- Private  Partnership (PPP) project between Ekiti State Government, through its trading arm, Fountain Holdings Limited, and New Frontier Development Limited, comprises 191 lock-up shops, security  post, cafeteria, clinic, car parks, warehouse, among others.

Speaking while inaugurating the market complex  at the weekend in Ado Ekiti, Governor Oyebanji said the project is in line with his administration’s commitment to creating enabling environment for business to thrive, adding that the market would not only ease access to building materials but also stimulate local trading, create job, and boost the internally generated revenue.

Oyebanji, who noted that before the intervention, traders in building materials operated in scattered and unregulated spaces, making it difficult for customers to access what they need in one place, said the new market would also address the gap by bringing all categories of building materials dealers together under one roof, thereby promoting convenience, orderliness, and safety in original and commercial transactions

The governor said: “The building materials sector played a critical role in the growth of our construction industry by providing a centralised, well organised place for business. We are not only improving access to quality building materials, we are creating an enabling environment for small and medium enterprises.”

While commending the main partner, New Frontier Development Limited, for delivering the project within record time, the governor charged traders and shop owners to maintain the facilities, adhere to environmental standards, and work together to make the market a model for other commercial centres in the state.

“The state government has made several efforts to provide a conducive atmosphere for traders within Ado Ekiti metropolis by providing alternative but conducive market space that will not hinder the flow of traffic at the city centre, which helped us to manifest the free flow of traffic at the popular Atikankan market, as we moved the traders to the new Shasha market. The advantage of this new local market is that it will provide a work structure for builders thereby creating a synergy between the builders and the traders.

”To our youths, women and artisans, let this market be a reminder that there is opportunity in hard work, dignity in enterprise and hope in the promise of a better tomorrow. Our administration will continue to roll out initiatives, support you through skill acquisition, access to finance and infrastructural support,” the governor asserted.

Earlier in his remarks, the Chief Executive Officer of Fountain Holdings Limited, Mr. Adetunji Tolani, who described the market as a testament to the power of strategic partnership, said project was in response to the growing demand for a well-organized commercial hub where building materials could be accessed in a single location.

While explaining that the market was designed with the end users in mind, incorporating essential infrastructure such as power supply, security, cafeteria and convenience facilities to ensure a functional and business-friendly environment, Tolani said fountain holding remains committed to driving impactful projects that align with the administration’s development agenda.

Also speaking on behalf of Managing Director of New Frontier Development Limited, the Executive Director, Salma Muhamed, who expressed pride in the successful completion and inauguration of the builders market, described it as a model project that demonstrates what can be achieved when the public and private sector collaborate effectively, noting that the company was motivated by a shared vision to contribute meaningfully to the growth of Ekiti State through quality infrastructure development.

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    NEC Moves to Fast-track $1trn Economy, Endorses Renewed Hope 2026-2030 Economic Plan

    .Shettima: New medium-term strategy will consolidate reforms, align with Agenda 2050
    .Polio variant threatens north west as nation steps up vaccination

    .Account balances as at August 27 stand at $535,823.39 for excess crude account; stabilization account – N78,453,757,583.19,
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    Deji Elumoye in Abuja

    The National Economic Council (NEC) on Thursday rose from its monthly meeting with the endorsement of the framework for the five-year Renewed Hope Development Plan from 2026 to 2030
    The plan is aimed at consolidating Nigeria’s reform agenda and actualize the $1 trillion economy target of the administration of President Bola Tinubu.
    This formed the highpoint of the resolutions reached at the 151st meeting of the Council, which commended the Federal Ministry of Budget and Economic Planning for kickstarting the process and also urged the effective participation by all states and stakeholders to ensure inclusivity and accelerated growth.
    The NEC meeting presided over by Vice President Kashim Shettima at the Counci Chambers of the State House, Abuja,
    also asked the Accountant General of the Federation to accelerate the release of funds for the next round of the national polio immunization campaign to ensure a hitch-free exercise.
    Chairman of the Council, Vice President Shettima, in his remarks, said the new national development plan will build on existing policies, deepen continuity, and align Nigeria’s growth trajectory with the long-term goals of Nigeria Agenda 2050.
    He described the transition as critical to sustaining the country’s economic trajectory and consolidating the administration’s ongoing reforms.
    His words: “Another major consideration today is the expiration of the National Development Plan 2021–2025 and the preparation of its successor, the Renewed Hope Plan 2026–2030.
    “This, to us, is no ordinary transition. It is the bridge between lessons learnt and ambitions pursued. The Renewed Hope Plan will consolidate ongoing reforms, deepen policy continuity, and align our medium-term strategies with the long-term horizon of Nigeria Agenda 2050. It’s a practical roadmap towards a $1 trillion economy by 2030″.
    The Vice President emphasised that the plan will be participatory rather than top-down, engaging multiple tiers of government, civil society, and private actors.
    “What is even more crucial is that this plan will not be drawn from the ivory towers of Abuja alone. It will be participatory. We are going to keep on engaging state governments, local governments, organised private sector, civil society, labour, youth, and traditional institutions, and the conversation begins here today,” he noted.
    Shettima also announced that NASENI has scaled up local production of solar-powered irrigation pumps to reduce energy costs for farmers and expand dry-season cultivation.
    “This is the story of the nation’s refusal to be hostage to petrol-powered systems. This is an intervention to lower farmers’ energy costs, expand dry-season farming, and reinforce food security,” the Vice President stated.
    On the role of NEC as a problem-solving platform, Shettima urged members to maintain the Council’s focus on translating policies into real outcomes for citizens.
    According to him: “Distinguished colleagues, you have made sure that this Council is not a stage for applause. You are the reason it is a workshop for solutions. Let this 151st meeting echo as a continuation of our covenant.
    “Let it be remembered not only for the issues tabled but for the resolve shown. Let it move from chamber to community, from rhetoric to result”.
    On preparations for the next round of the national immunization campaign, NEC called on the Accountant General of the Federation to expedite the release of funds to ensure a hitch-free exercise.
    The Council also urged partners to leverage technology to strengthen surveillance and tracking systems in Nigeria’s routine immunization programme.
    Shedding more light on the issue, Governor Inuwa Yahaya of Gombe state, told newsmen after the NEC meeting that Nigeria is recording notable gains in its renewed push against the polio virus, but the persistence of a vaccine-derived variant in the North West
    continues to be of concern.
    He stressed that recent interventions were already yielding results and recalled that the National Committee on Polio Eradication, inaugurated in December 2023, had since held several sessions to review progress and fine-tune strategies.
    He disclosed that while Nigeria was declared free of wild poliovirus in 2020, the fight has shifted to containing a circulating variant, concentrated mainly in Kano, Katsina, Kebbi, Sokoto and Zamfara states.
    “As of the 33rd epidemiological week in 2024, Nigeria recorded 78 cases. That figure has now dropped to 42, showing a clear downward trend,” the Gombe Governor said.
    According to him, Kano and Katsina recorded remarkable reductions of 65 per cent and 84 per cent respectively, while Gombe has maintained a clean slate this year.
    Sokoto, however, remains the epicentre, accounting for 13 of the 23 cases reported nationwide so far in 2025.
    Yahaya outlined improvements in surveillance and vaccination saying settlements tracked with geo-coordinate data increased from 71 per cent in April to 78 per cent in June, while vaccination coverage rose from 81 to 84 per cent within the same period.
    “The first round of in-between activities across 11 high-risk states reached 77 per cent of targeted settlements, with about 2.7 million children vaccinated, representing 83 per cent coverage”.
    Beyond vaccination, he stated that integrated health services were offered, including nutritional supplements for pregnant women, malaria prevention kits and other maternal-child health interventions, designed to boost community acceptance.
    He announced that the second round of immunization will run from September 11 to 14, 2025 across 11 high-risk states, while a broader integrated nationwide campaign will follow in October, 2025.
    According to him: “That campaign, targeting children aged 0-14 years, will deliver measles, rubella, polio and malaria vaccines, alongside treatments for neglected tropical diseases, in a two-phase rollout to maximize coverage.
    “To ensure effective delivery, the committee urged state deputy governors to personally chair task force meetings at least two weeks before each campaign round, particularly in Kano, Kebbi and Sokoto.
    “Commissioners for Health and heads of primary healthcare agencies are to lead post-campaign reviews and mop-up exercises, while local government chairmen will be tasked with grassroots mobilization”.
    Yahaya further appealed to security agencies to safeguard health workers in conflict-prone areas, stressing that vaccination teams often face risks in hard-to-reach or volatile communities.
    He also underscored the need for timely funding, revealing that the committee has called on the Accountant General of the Federation to expedite disbursements for primary healthcare.
    “Eradicating polio remains a national priority. With sustained commitment, adequate resources, and strong security backing, we can rid Nigeria of this disease once and for all.”
    On cross-border risks, he cautioned that porous northern frontiers remain a weak link.
    “Nigeria was declared wild polio-free in 2020, but what we are fighting now is a variant that spreads easily across borders.
    “Communities along the Niger and Chad borders remain vulnerable. That is why we are intensifying vaccination coverage to ensure that no variant, whether homegrown or imported, gains ground again”, Inuwa further explained.
    Other highlights of the meeting include update on the account balances as at August 27, 2025 as presented by the Accountant General of the Federation, Shamusideen Ogunjimi, who represented the Minister of Finance and coordinating Minister of the Economy, Wale Edun are Excess Crude Account – $535,823.39; Stabilization Account – N78,453,757,583.19 and
    Natural Resources Account – N106,727,969,527.59.
    On the proposed new medium-term plan, the Budget and Economic Planning ministry urged NEC to note that the first in the series of the six five-year medium-term plan, NDP 2021 – 2025 will elapse by December, 2025 and the successor in the series, NDP 2026 – 2030, christened Renewed Hope Plan 2026 – 2030 (RHP 2026 -2030) will be developed;
    .That the process of developing the RHP 2026 – 2030 will be participatory, requiring the involvement of Nigerians from all spheres of life;
    .That since the process of preparing the RHP 2026 – 2030 will be participatory, three governance structure will be put in place as follows: National Steering Committee (to be co-chaired by Public and Private Sector), Central Working Group (CWG) and Technical Working Groups (TWGs);
    .That the Federal Ministry of Budget and Economic Planning plays a central role in shaping national developments and strengthening the management of our federal system through its planning mandate.
    .That the preparation of the new plan will effectively commence in the month of September, 2025, so that it can be completed on time for Mr. President to launch before the end of the year as MDAs are expected to derive their 2026 budgets from the new plan;
    .That in the fullness of time, Mr. President would inaugurate the NSC, while the Vice President, would inaugurate CWG and the TWGs that would be handling the different sectors of the economy; and
    .Provide all necessary support and enabling environment for the full and effective participation of state teams or representatives on the preparation of the RHP 2026 – 2030.
    NEC thereafter observed the foresight of the Ministry of Budget and Economic Planning and the importance of kickstarting the process of creating and new National Development Plan for the Country.
    Council also urged effective participation by all states and stakeholders to ensure inclusivity and accelerated growth and approved the proposal for the New National Development Plan – Renewed Hope

    The post NEC Moves to Fast-track $1trn Economy, Endorses Renewed Hope 2026-2030 Economic Plan appeared first on THISDAYLIVE.

    ​  

    .Shettima: New medium-term strategy will consolidate reforms, align with Agenda 2050.Polio variant threatens north west as nation steps up vaccination .Account balances as at August 27 stand at $535,823.39 for
    The post NEC Moves to Fast-track $1trn Economy, Endorses Renewed Hope 2026-2030 Economic Plan appeared first on THISDAYLIVE.

    Afriland Properties Pays Interim Dividend of  N178.6m

    Afriland Properties Pays Interim Dividend of  N178.6m

    Afriland Properties Plc has successfully paid an interim dividend of 13 kobo per share, amounting to N178.6 million, to its shareholders for the half-year ended June 30, 2025.

    Speaking on the development, Chairman of the board, Mr. Emmanuel Nnorom, said: “The interim dividend underscores our Board’s confidence in Afriland’s strategy and financial resilience.”

    Also commenting, Managing Director/CEO, Mr. Azubike Emodi,  spoke on the company’s commitment to delivering sustainable value to investors.  He said: “This payout demonstrates the effectiveness of our business model and our commitment to consistently turning performance into real value for our shareholders. Beyond financial results, it reflects the impact of developments like Afriland Estate, Karmo in Abuja, where we are redefining modern living through innovative design, and sustainable infrastructure. Projects like this show how we translate vision into developments that not only yield returns for investors but also enrich everyday life for the families and communities we serve.”

    According to him, Afriland Estate, Karmo, stands today as one of Abuja’s most exciting residential addresses.

    “Strategically located near Jabi and the Central Business District, the estate offers residents the perfect balance of accessibility, comfort, and community living. With its modern homes, green landscapes, secure environment, and inclusive design,” he said.

    The post Afriland Properties Pays Interim Dividend of  N178.6m appeared first on THISDAYLIVE.

    ​  

    Afriland Properties Plc has successfully paid an interim dividend of 13 kobo per share, amounting to N178.6 million, to its shareholders for the half-year ended June 30, 2025. Speaking on
    The post Afriland Properties Pays Interim Dividend of  N178.6m appeared first on THISDAYLIVE.

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