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Oyo State Achieves Economic Stability with N24bn Monthly Salary Payments


Ladoja, Deputy Governor, Senator, Asiwaju Akeem Olatunji and Others Pay Sallah Visit to Governor


Oyo State Governor, ‘Seyi Makinde, has reaffirmed his administration’s commitment to economic growth, highlighting the monthly injection of N24 billion into the state’s economy through salary payments to state and local government workers. He emphasized that this financial stability, coupled with a conducive business environment, has encouraged private sector investments in the state.

The governor made this statement on Sunday when he received a delegation of Muslim faithful, including clerics, traditional rulers, and political office holders, at his Ikolaba residence in Ibadan. The delegation, led by Deputy Governor Barr. Abdulraheem Bayo Lawal, included the Otun Olubadan of Ibadanland, Senator Rashidi Ladoja; Oyo South Senator, Oloye Sharafadeen Alli; former Deputy Governor, PDP Deputy National Chairman, Amb. Taofeek Arapaja; Prof. Kamil Oloso; Babasale Musulumi Oluyole local Government, Asiwaju Akeem Olatunji among others.

Oyo State’s Progress and Economic Stability

Governor Makinde expressed gratitude to the Muslim Ummah for their prayers, support, and commitment to the state, noting that peace and unity have been instrumental in Oyo’s economic progress. He recalled how political divisions once marred the state’s development but emphasized that the current atmosphere of peace has led to significant growth.

“Every four weeks, N24 billion flows into the economy of Oyo State through workers’ salaries. The state’s wage bill stands at approximately N14 billion, while local governments account for about N10 billion,” he stated.

He further highlighted ongoing private-sector investments, citing the Farmers’ Wholesale Market project at Ijaiye Farm Settlement, where 3,000 hectares have been allocated for agricultural development.

His Excellence Engr Seyi Makinde Addressing the good citizen of Oyo state today in his Private residence in Ibadan

Call for Patience and Continued Development

Delivering the message of the Olubadan of Ibadanland, Oba Owolabi Olakulehin, Otun Olubadan, Oba Ladoja, urged Oyo residents to remain patient and steadfast despite economic challenges. Similarly, Deputy Governor Barr. Lawal encouraged the Muslim community to uphold values of empathy, love, and kindness as taught by the Holy Quran.

Special prayers were also offered for Governor Makinde’s administration by Professor Oloso, who commended the governor’s support for the Muslim community.

Other dignitaries in attendance included the Deputy Speaker of the Oyo State House of Assembly, Rt. Hon. Mohammed Fadeyi; Oloye Nureni Akanbi; commissioners; local government chairpersons; and other government officials.

Read More; Oluyole LG Chairman, Asiwaju Akeem Olatunji Hosts NASFAT, League of Imams, Others to Ramadan Iftar

Conclusion

Governor Makinde reassured the people of Oyo State that his administration remains focused on economic expansion and stability. He urged political office holders nationwide to prioritize citizens' welfare, acknowledging the challenges but emphasizing resilience.

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