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Oyo Commissioner Reveals How Agribusiness Attracted $170m Investment

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Oyo State

Oyo Commissioner Reveals How Agribusiness Attracted $170m Investment

Oyo Commissioner reveals how Agribusiness attracted $170m investment. Mr Olaleye said that the $170 million investment would also create jobs for many people.

Oyo State Commissioner for Agriculture and Rural Development, Olasunkanmi Olaleye, said agribusiness has attracted $170 million in investment into the state.

Mr Olaleye said this on Thursday during the maiden edition of the inter-ministerial news briefing on government activities in the last two years, held at the conference room of the governor’s office, Agodi, Ibadan.

He said the establishment of Fashola Agribusiness Hub, Oyo, reflected the government’s commitment to leveraging agriculture as a key driver of economic growth and development.

The commissioner also stated that more than 8,000 smallholder farmers had been integrated because of the size of the agribusiness companies at the hub.

He added that the $170 million investment would also create jobs for many people.

Highlighting the achievement of his ministry in the last two years, the commissioner said that not less than 10,210 farmers had been supported with seedlings and other input.

According to him, 3,541 maize farmers and 920 soybean farmers benefited from the seedling distribution programme.

He stated that high-yield cassava stems were distributed to 1,269 farmers, “covering 47,587.5 acres with the potential to produce 214,143.75 tonnes of cassava tubers.”

Mr Olaleye further said that knapsack sprayers were distributed to 1,980 farmers and herbicides and pesticides to 2,500 farmers.

The commissioner stated that the government equally supported 8,464 livestock and aquaculture farmers with quality feed and other necessary inputs.

He said, “We distributed quality inputs to diverse livestock farmers: 1,150 fish farmers received three bags each of 15kg quality fish feed. 2,536 cattle, sheep, and goat farmers received nutritional supplements, including 253,600kg of wheat offal, brewery dried grains, salt licks, and disinfectants. 3,740 poultry farmers received eight bags of 50kg maize grains each, and 1,028 pig farmers received palm kernel cake and disinfectants.’’

On farmers’ accessibility to loans, Mr Olaleye said the government provided microloans to 3,501 smallholder farmers with soft loans ranging from N50,000 to N800,000 per beneficiary.

Oyo

Oyo

He said the loans would enable farmers to expand their operations and improve their livelihoods.

Mr Olaleye also said that the government’s rural infrastructure development programme in the last two years continued to transform agricultural communities.

He said this had been realised through strategic road construction projects totalling 87.53 kilometres across multiple local governments.

The commissioner said these achievements and many others represented a comprehensive approach to agricultural development that addresses every aspect of the value chain.

He said that the agricultural programmes had directly impacted tens of thousands of farmers in the state, while building the infrastructure and institutional capacity needed for sustainable agricultural growth in Oyo State.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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