Makinde Unlocks N16bn Infrastructure Grant;Releases N900m counterpart funding for Major Road, Security, and Tech Projects

The Oyo State Government has approved the release of N900,000,000 as counterpart funding for the construction and rehabilitation of 68 kilometres of roads across the state.

The funding will enable the state to access N16,273,711,000 from two international financial institutions: the International Development Association and the Agence Française de Développement.

Commissioner for Information, Dotun Oyelade, disclosed the approval on Wednesday after the Executive Council meeting at the Council Chamber in Ibadan, the state capital.
Oyelade said the funding would facilitate the commencement of critical road maintenance works, including the rehabilitation of the 8.43km Fashola Farm Settlement road, the 37km Alako/Idi-Iya/Batake/Olowa Farm Settlement and Ijaye roads, and the 22km Oloko/Oyo Junction and Ikere roads, among others.

The commissioner further revealed that the council approved improvements to the Light-Up Oyo State initiative, extending beyond Ibadan metropolis, with an operational and maintenance expenditure of N2,602,800,000 for 2026.
Additionally, the executive council approved an upward review of the contract sum for the Oyo State Business Process Automation project, a Governor Seyi Makinde-led initiative aimed at modernising the civil service through technology.

The project, initially awarded for N400,000,000, will now be awarded for N578,035,714 to reflect contemporary economic realities.

Oyelade said, “Some of the benefits of the Business Process Automation project are to streamline civil service operations, strengthen record management and accountability across MDAs, enhance the speed and quality of government services to the public, and train technical staff to ensure long-term maintenance of the software solution.”
He added that, to enhance security, the council approved the purchase of 100 double-cabin pick-up trucks — 80 Mitsubishi L200 and 20 Toyota Hilux — at a cost of N5,772,500,000.

 

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