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Ogun: Abiodun presents N339 billion budget proposal to OGHA …Prioritises completion of existing projects, projects with revenue potential, job creation
Ogun State Governor Dapo Abiodun on Tuesday presented a budget proposal of N339 billion for the 2021 fiscal year to the Ogun State House of Assembly (OGHA) for approval.

The budget, which is the second full year budget to be presented by the Governor, is N110.974 billion, different from his 2020 proposal of N449.974 billion.

The Governor said the 2021 Appropriation Bill is tagged “Budget of Recovery and Sustainability”, as it highlights the key sectors and budgetary allocations for rapid development of the State.

‘The investment focus of this government is to gradually reduce the identified infrastructure gap as well as provide fiscal stimulus to lift demand and help the State in its economic recovery process,’ Abiodun said.

He noted that in achieving this, the State Medium Term Sector Strategy (MTSS) approach, based on a modified zero-based budgeting framework, was in place to provide ‘a profiled budget stating the various expenditure headings and cost allocated over the three years.’
Governor Abiodun stressed that the 2021 budget is meant to address the COVID-19 pandemic, the #EndSARS protests, the general feeling of disenchantment in the polity, the socio-economic yearnings of the people of Ogun for good governance, as well as the stringent calls in all societal spheres for a more representative democracy that speaks to the issues of economic growth, consistent progress and equitable quality of life.
The budget, the Governor added, comprises a recurrent expenditure of N162 billion (48 per cent of the total budget) and a Capital expenditure of N177 billion (52 per cent) as dictated by best practices to drive his administration’s developmental objectives
Highlights of the budget include Infrastructure, N61 billion; Social welfare and wellbeing, N93 billion (includes Health, Housing, Environment, Physical Planning, Women Affairs, etc); Education, N58 billion; Youth empowerment, N6 billion; Agriculture, N15 billion and Enablers N10 6 billion.
Abiodun said the State will also set aside N12 billion for a Stabilisation Fund and N10 billion for Public Debt Charges.
The Governor said the Ogun State Internal Revenue Service (OGIRS) will generate an estimated N75 billion and other IGR, while Ministries, Department and Agencies (MDAs) will generate an estimated N44 billion, totalling N119 billion.
He added that statutory allocation will provide estimates of N59 billion while capital receipt, internal and external loans, including grants and aid, is estimated at N142 billion.
The Governor stated that since oil revenue has continued to reduce thus affecting statutory allocation, 2021 internally generated revenue of the State projected at N119billion will complement the projected statutory allocation of the proposed budget, noting that ‘the 2021 Appropriation Bill has been modified to include budgeted revenues, no matter how small, for each MDA, to focus on internal revenue generation.’
Governor Abiodun reiterated his administration’s firm commitment to a legacy of hope, financial stability, and fiscal prudence, as he promised a drastic reduction in the discriminatory impact of poverty by strengthening all regulatory and institutional frameworks that are crucial to the preservation of the State’s rich cultural, financial, and historical heritage.
‘We have resolved to keep exploring Public-Private Partnership strategies in the provision of infrastructure, social services, and the conversion of our challenges to opportunities within the context,’ the Governor said.
TheSun News
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Ooni’s Ojaja Pan Africa redeems ₦9.2Billion SEC Regulated Public Debt Market, commits to economic stability
Ooni’s Ojaja Pan Africa redeems ₦9.2Billion SEC Regulated Public Debt Market, commits to economic stability
The Ojaja Pan Africa Limited owned by, His Imperial Majesty, Ooni Adeyeye Enitan Ogunwusi, Ojaja II, CFR, the Ooni of Ife, recently completed the seamless redemption of its inaugural Commercial Paper (CP) issuance, amounting to an impressive ₦9.2 billion. This achievement sends a powerful message about Ojaja Pan Africa’s strong liquidity and unwavering creditworthiness, making waves throughout Nigeria’s financial landscape.
The funds were raised as part of a duly registered ₦10 billion programme on the FMDQ Securities Exchange. Ojaja Pan Africa fulfilled its entire obligation with remarkable efficiency, fully repaying ₦2.15 billion from Series 1, maturing on 21 November 2025, and ₦6.91 billion from Series 2, maturing on 20 February 2026, utilizing resources generated internally. This accomplishment is especially noteworthy against the backdrop of Nigeria’s challenging economic environment, where the Central Bank’s Monetary Policy Rate currently stands at a high 27 percent, rendering short-term borrowing prohibitively expensive for many corporations.
“The timely redemption of our Series 2 Commercial Paper, following the successful repayment of our maiden Series 1, stands as a powerful testament to the stability of Ojaja Pan Africa’s balance sheet and the rigor of our financial planning,” expressed Dr. Ayobami Oyedare, Acting Managing Director of Ojaja Pan Africa Limited. “By meeting these obligations in full, we have validated the trust placed in us by the investing public. With both maturities now successfully resolved, we are strategically focused on leveraging the remaining resources from our ₦10 billion programme to foster significant growth and expansion opportunities across the continent.”
The successful issuance and redemption were expertly handled by Comercio Partners Capital Limited, who acted as Lead Financial Advisers and Arranger. Mr. Stephen Osho, CEO of Comercio Partners, described the transaction as a defining moment for Ojaja Pan Africa. “The flawless execution of this redemption underscores the company’s exceptional operational capabilities and solid balance sheet integrity in the marketplace. Achieving this success amidst the intense pressures of the current economic tightening cycle illustrates the company’s capacity to not only weather challenges but to thrive in such conditions.”
This financial milestone represents just one chapter in Ooni Ogunwusi’s broader narrative of nation-building and economic innovation. Far from a mere ceremonial figurehead, the Ooni is a dynamic visionary with over 25 years of entrepreneurial acumen. As the Chairman and Group Chief Executive of Ojaja Pan Africa, he has transformed the conglomerate into an economic powerhouse, creating opportunities for tens of thousands of individuals across Nigeria while actively pursuing expansion initiatives throughout Africa. The company’s diverse portfolio exemplifies a blueprint for modern African economic development, encompassing ventures in real estate, hospitality, agriculture, education, manufacturing, and tourism.
Ooni Ogunwusi’s industrial vision is actively reshaping Nigeria’s economic canvas. In a landmark move for the country’s tourism industry, he signed a Memorandum of Understanding with the Nigerian Tourism Development Authority (NTDA) in February 2026, earning him the distinguished title of Grand Patron of Tourism. Through Ojaja Pan Africa, he is channeling private capital, leveraging diaspora networks, and utilizing cultural expertise to enhance heritage sites, cuisine, and hospitality infrastructure, all aimed at diversifying Nigeria’s economy away from oil dependency and positioning the nation as a premier global cultural destination.
A prime example of his innovative philosophy is the recent launch of OJAJA Soft Drinks, a proudly Nigerian beverage line crafted entirely from local, natural ingredients such as kola nut, ginger, lime, and lemon, along with an array of indigenous flavors. Designed to offer a healthier alternative to imported beverage giants, this brand not only empowers local farmers but also creates sustainable value chains for young entrepreneurs, vigorously pursuing the goal of import substitution. “It has always been my dream to build a powerful brand that embodies the essence of Africa, one that emerges from our vibrant continent and secures a prominent position on the global stage. My passion for educational excellence inspired me to establish Ojaja University in both Ilorin and Ile-Ife, with the aim of enhancing the quality of education and empowering the next generation of entrepreneurs.”Ooni Adeyeye declared.
Ooni further reemphasised his huge commitment to agricultural development using it as a tool for youth empowerment and development. He created the in and out growers scheme to enhance the youth cocoa revolution Eight years ago. “I personally gave three million cocoa seedlings to youths scattered across the country to help them expand their horizon and also rejig their interest in farming as a tool for development and economic stability. Today, those youths are reaping the rewards of their hard work with bountiful harvest.” Ooni further stressed that his focus for the youth is not merely on cultivating cocoa; but he is more dedicated to reshaping the industry by prioritizing local production over the export of raw cocoa beans. “By processing these beans domestically, we aim to create jobs for more youths and conserve foreign exchange for Nigeria, particularly in the chocolate and beverage markets. These impactful initiatives have garnered significant attention, with coverage from respected media outlets such as CNN and Al Jazeera.” We are not just cultivating cocoa; we are sowing the seeds for a sustainable future for our youth, one that showcases the rich potential of our continent to the world.” Ooni said.
The vision of a self-sufficient, industrious Nigeria is vividly manifested at Ojaja Mall, the largest and most innovative shopping destination in the country. Located in Lekki, Lagos, this massive AI-powered commercial hub features world-class retail arcades, modern cinema experiences, office spaces, an MSME centre, and various entertainment zones. Officially opened with grand celebrations, this landmark project is already generating thousands of direct and indirect jobs, invigorating local commerce, and setting a new standard for smart retail in Africa.
From championing Made-in-Nigeria products within his palace to facilitating youth empowerment initiatives through the House of Oduduwa Foundation, Oba Adeyeye Enitan Ogunwusi is committed to the principles of unity and progress. He is a staunch advocate for collective contributions to national development, regularly blessing the land for peace and prosperity, and fostering a vision of a transformed Nigeria driven by innovation, resilience, and entrepreneurial spirit.
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Veteran Journalist, APC Stalwart Ibrahim Dahiru Danfulani Declares Bid for Kaduna Publicity Secretary Role
*Veteran Journalist, APC Stalwart Ibrahim Dahiru Danfulani Declares Bid for Kaduna Publicity Secretary Role*
In a significant development within the ruling All Progressives Congress (APC) in Kaduna State, a seasoned politician and media professional, Ibrahim Dahiru Danfulani, has formally declared his intention to contest for the position of State Publicity Secretary.
The declaration, made in an open letter addressed to the party leadership, members, and the general public, outlines a candidacy built on what Danfulani terms a “unique dual-pillar foundation.” He brings to the table over two decades of active political involvement as a founding member of the APC, coupled with an equivalent span of experience in journalism and strategic communication.
In his statement, Danfulani emphasized that his decision is “rooted in a lifelong commitment to progressive politics and a deep-seated passion for effective communication, public engagement, and party building.” He highlighted his journey with the party “from inception,” underscoring his status as a loyal stakeholder.
Detailing his qualifications, Danfulani stated that his extensive political acumen ensures he understands “the intricacies, the grassroots dynamics, and the strategic vision required to advance a party’s agenda.” He positions this as complementary to his professional expertise, noting that his journalistic career has equipped him with the skills “to craft compelling narratives, manage public perception, engage with diverse audiences, and deliver messages with clarity, integrity, and impact.”
The aspirant outlined a clear mission for the office, pledging to bring “professionalism, energy, and strategic communication” to the party’s operations. Key capacities he promises to deploy include articulating party policies and vision, amplifying the party’s voice, innovating publicity strategies, and fostering transparency to enhance the party’s image in Kaduna State.
“I am stepping forward with a clear mission,” Danfulani declared, seeking “support, trust, and mandate” from party delegates. He concluded with a call to collective action: “Together, let us build a louder, prouder, and more cohesive APC in Kaduna State.”
The contest for the publicity secretary role is expected to be keenly watched, as the office is crucial for managing the party’s narrative, especially in the dynamic political landscape of Kaduna State. Danfulani’s entry, with his blended background, sets the stage for a competitive party election.
*Long Live the All Progressives Congress!*
*Long Live Kaduna State!*
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*TO: THE GENERAL PUBLIC, CITIZENS, AND FOLLOWERS OF THE UNITED KINGDOM OF ATLANTIS* *FROM: OFFICE OF THE SPOKESPERSON TO HIS ROYAL EMPEROR
*TO: THE GENERAL PUBLIC, CITIZENS, AND FOLLOWERS OF THE UNITED KINGDOM OF ATLANTIS*
*FROM: OFFICE OF THE SPOKESPERSON TO HIS ROYAL EMPEROR*
*SUBJECT: PUBLIC NOTICE ON DEFAMATORY STATEMENTS*
The Office of the Spokesperson to His Royal Emperor wishes to inform and caution the public regarding the circulation of defamatory statements, voice notes, and publications alleging involvement of His Royal Emperor and the Government of the United Kingdom of Atlantis in fraudulent or criminal activities.
These allegations are *false, malicious, and without factual basis*. They are part of a calculated attempt to undermine the reputation of the UKA and its leadership, and to sow discord among its citizens and supporters.
The public is strongly advised to disregard such claims, intended to mislead, incite distrust, and disrupt the nation’s peace and progress. The UKA has always conducted its affairs with transparency, integrity, and accountability, and will continue to do so.
While upholding the right to lawful expression, the Throne will not tolerate:
– Deliberate defamation
– Character assassination
– Spread of harmful misinformation
The UKA has a zero-tolerance policy towards false and malicious allegations, and will take all necessary steps to protect its reputation and the rights of its citizens. Legal measures will be pursued against individuals or groups propagating these falsehoods, including but not limited to:
– Civil lawsuits for damages
– Criminal prosecution for defamation and cybercrime
– Other remedies available under national and international law
The Throne appreciates the loyalty and support of citizens, partners, and followers of the UKA and ATC Project. Your support is vital to achieving our shared vision of *growth, unity, and prosperity*.
The Throne remains committed to:
– Transparency
– Justice
– Well-being of all
We will continue to work tirelessly to promote the interests of the UKA and its people, and to build a brighter future for all.
*Signed:*
Spokesperson to His Royal Emperor
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