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Public To Decide Oyo 2020 Budget Content, As Makinde Frowns At Borrowing To Pay Salaries.



The  Oyo  state government, has launched the inclusive budget initiative where views are being collated from residents and indigenes of the three senatorial districts ahead of the 2020 budget.

The initiative, which Governor Seyi Makinde said would enhance the open governance agenda of his government, will encompass a hybrid of bottom-up and top-bottom approaches to development, the Governor stated.

A statement by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, indicated that the initiative was launched through the Town Hall Meetings being put together by the Oyo State Ministry of Budget and Economic Planning, headed by Barrister Adeniyi Farinto.

Governor Makinde stated that the programme would help produce an all-inclusive budget following the extensive consultations.

According to him, the stakeholders’ meeting was organised by the Government “in its bid to prepare a budget that would be most suited to the people’s needs and the overall development of the State.”

He said: “Over the years, there has been a debate over which is the best approach to governance: A top-bottom approach, which relies on leadership setting the goals and then breaking it down for implementation or the bottom-top approach where the citizens play a role in determining what the goals should be. We have opted for a hybrid of both.

“Before we came into office on May 29, on our campaign trail, we listened to you and so were able to come up with what I have often referred to as a four-point agenda that will reposition Oyo State for greater stability in economic growth powered by Agriculture, Security, Education and Healthcare.

“We remain focused on those areas as we are convinced that these will serve as a fulcrum of prosperity for the people of Oyo State. However, we still need your inputs.”

The Governor further disclosed that his government was also preparing a 20-year State Strategic Development Plan in addition to hearing the ideas of how the 2020 budget should be handled, saying the contributions of the stakeholders at the event would go a long way in making the plans more people-centered.

“When we reviewed the 2019 budget downwards, it was not out of the need to spite  anyone. It was because we discovered that we have not been living within our means.

“Borrowing money is not necessarily a bad thing. If it is for capital projects that will yield returns, it is acceptable. Borrowing money to pay salaries is not advisable.

“So, as we discuss ways to spend what we have, we should also remember that we have to use what we have to generate more funds and increase our Internally-Generated Revenue (IGR).

“It is my hope that this engagement will improve the performance of the budget and sustain the developmental objectives of this administration.

“I want to further assure you that your feedback and views will be given due consideration,” the Governor stated.

Earlier, the Commissioner for Budget and Economic Planning, Mr. Adeniyi Farinto, said the programme was a further attestation to the all-inclusive nature of governance under the present administration in Oyo State and its resolve to move the people from poverty to prosperity.

Farinto posited that a stakeholders’ meeting of such nature was a genuine platform where all opinions would not only be explored but would be critically examined for the growth and development of any State.

He stressed that having a people-oriented budget had always been the priority of the Makinde administration, noting that government that was run with the understanding and inputs of the people was a practical expression of transparency and good governance.

The commissioner charged community leaders and other representatives present at the event to come up with strategic programmes and articulate initiatives as well as suggestions that would take the State to her pacesetting mode.

He asserted that the stakeholders’ contributions were critical in the initiation, formulation, and execution of people-oriented budgets, assuring that the people’s inputs would count in the development of programmes and projects in the State.

Economic Adviser to Governor Makinde, Dr. Adetunji Babatunde, who also delivered an address, justified the decision to opt for open governance, adding the government would easily get the priorities right.

According to him, a government that adopts the inclusive budgeting the approach would not be building roads where the people’s priority was a hospital or a police station.

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The BUA group has denied increase in the price of it’s cement. The clarification came as a result of requests from customers as well as distributors who have been calling to find out whether, like DANGOTE Cement BUA had also increased its own price by 260 Naira.


In a signed statement released this afternoon, the BUA group insists that it stands by its earlier decision not to increase cement price which was communicated on April 24, 2021.


According to the management of BUA, they are aware that Dangote decided to increase the price of it’s cement by 260 NAIRA from June 14, 2021. The management also noted that even though there had been decline in cement demand due to commencement of rainy season, any further increase in price will disrupt, the normalisation or stabilisation  of prices.



The BUA group further stated that they will always be willing to play their role as a responsible corporate entity rather than associate with others to form a cartel to fix prices which will ultimately not be in the best interest of Nigerians.



In their words, ‘ The timing is not right for any increase on BUA’s part and we do not have any justifiable business reason to increase to increase our prices any time soon.



They also hope that the price increase by Dangote will not disrupt the downward trend of cement price movement

See statement



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Dangote $2 Billion Urea Fertilizer Plant Pushes Out 120 Trucks Everyday..… Excites marketers, farmers in North 




After months of speculations, Dangote Urea fertilizer is now finally on sales nationwide and it currently pushes out a minimum of 120 trucks per day across the country


Group Executive Director, (Strategy, Capital Projects & Portfolio Development) · Dangote Industries Limited,  Devakumar  Edwin, revealed to the press over the weekend that the Plant which has the capacity to turn out more than 4,500 tonnes of urea per day will conveniently meet the local demand and even produce for exports.


According to him: “…We have the capacity to turn out 4,500 tonnes of Urea everyday…this is a bulk application fertilizer…each crop in Nigeria or globally will require Nitrogen and this is a rich fertilizer, having 46 per cent nitrogen…The company has the capacity to meet local demand and also export to African countries… Currently the demand is less than 1 million tonnes and we alone can  produce 3 million tonnes, so we can easily meet local demand and also produce for export to other west African countries.”




Aside fertilizer production, the company, according to Edwin is already working to support the farmers with training on application of the fertilizer and even establish laboratories across the country for proper soil examination.\



“The uniqueness of this plant, apart from the fact that we are producing is the focus on farmers’ support, on training, education, development as we are now establishing laboratories across the country and even mobile laboratories where we can go drive around and take soil samples for proper examination to effectively grow the agricultural outputs across the country”



The Urea Fertilizer plant was built to tap into Nigeria’s demand for fertilizer, a critical component of achieving food sufficiency for Africa’s most populous country.



The Fertilizer plant is expected to manufacture 3 million metric tonnes of urea per annum, with a view to reducing the nation’s fertilizer imports, and generating $400m annual foreign exchange from export to Africa countries.


Meanwhile marketers and farmers in Kano have described the newly introduced Dangote Fertilizer as a game changer and a forecast for the expected agricultural revolution in the country.



Marketers and farmers who were apparently excited, over the weekend welcomed the more-than ten trucks that entered Kano markets at the weekend.



Speaking at the event organized by Dan Hydro Company in Kano to mark the introduction of the fertilizer into the northern market, chairman of the Kano state Agro Dealers Association Alhaji Shuaibu Akarami said agro dealers have confidence in Dangote fertilizer as they have in all his products, adding that as a dealer who spent decades in the business he has discovered that Dangote fertilizer will have no problem penetrating the market in the North.



“I have checked the product and have found out that it will have no problem penetrating the market. With my experience in agro products, I can authoritatively say the product has met our expectations and that has confirmed the confidence we have in Dangote fertilizer and other sister products of the Dangote Group,” he said.


The Dan-Hydro fertilizer Company in Kano which took delivery of the first batch of trucks in Kano said the timing and strategy for the introduction are rife.


Head of operations, Dan- Hydro operations Mr. Hamadi Sekou Drammeh said the Dangote fertilizer conforms to all set standard required by the regulatory agencies.


He said the phenomenon of perennial shortage of the fertilizer product will be over in the country.

He said as part of its public enlightenment plan, the company was going to work with all stakeholders in the agricultural sectors.

In the same vein, Sales Manager of Dan Hydro Mr. Sulaiman Tanko assured that the product will be sold at a reasonable price that will enable fair competition in the market. 

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Jumia Marks 9th Anniversary with 60% discount, partners Unilever, Xiaomi, Nivea




Nigeria’s leading e-commerce platform, Jumia, is celebrating nine years of e-commerce journey with a sales campaign aimed at celebrating customers, sellers, and partners on its platform. The campaign will run from June 11th until 27th, 2021.

Jumia’s 9th anniversary which also doubles as the anniversary of e-commerce in Nigeria, since the e-commerce giant paved the way for online shopping, is offering 60% discount in a sales campaign tagged “Celebrating You”, aimed at celebrating new and loyal consumers. The discount will apply to categories such as Electronics, Beauty, Fashion, Phones & Tablets, Groceries, Appliances and many more.

Partners for this campaign include over 11,000 sellers on the Jumia Nigeria platform and international brands such as Unilever, Xiaomi, Nivea, Reckitt Benkisser and Infinix.

Jumia Nigeria CEO, Massimiliano Spalazzi said: “It has simply been an amazing journey. If I went back to how we started and where we are, being the number one e-commerce company in Africa and in Nigeria, it makes us very humble. We believe that e-commerce has played an even more important role in people’s life and to celebrate the achievement and to better serve our consumers and sellers, that is why the slogan for our 9th anniversary is ‘Celebrating You’.”

For the anniversary window, customers will enjoy up to 60% off on a diverse list of brands across categories including Groceries (Unilever, Nestle, Coca-Cola, Carrefour), Sanitary & Hygiene (Reckitt Benckiser, P&G, Henkel, GSK), Beauty (l’Oreal, Maybelline, Garnier, Nivea), Phones (Samsung, Xiaomi, Nokia, Huawei), Electronics (Intel, HP, Philips, Sony), lifestyle (Playstation 4) and many more.

“The anniversary will be celebrating you as our consumer, employee, seller, logistics partner, celebrating you as our client and those in the ecosystem and our environment for which we make life better every day,” Spalazzi added.

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