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Building on Strong Foundation: Governor Ododo’s Fiscal Strategies for Kogi State

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It was a historic and momentous occasion for the good people of Kogi State when His Excellency, Alhaji Ahmed Usman Ododo, took over the reins of leadership as the Executive Governor of Kogi State on January 27, 2024.

Governor Ododo assumed office from his esteemed mentor, His Excellency, Alhaji Yahaya Adoza Bello, after successfully serving out his eight years of unprecedented achievements that spanned various sectors of the state.

Ododo, having diligently served in the two terms of Yahaya Bello’s administration as the Auditor-General for Local Governments, is no stranger to the policy thrust and strategic focus of his predecessor and mentor.

Just like his predecessor, Ododo is not merely a thoroughbred accountant but also a Certified Public Accountant of notable repute and distinction.It is, therefore, not surprising that Governor Ododo, in the last seven months of his transformative leadership, has continued to sustain and build upon the gains Yahaya Bello’s eight-year tenure made in the areas of fiscal policy on debt servicing and boosting internally generated revenues (IGR) in the state.

Continuing the Legacy of Debt ServicingGovernor Yahaya Bello’s administration was marked by a rigorous and meticulous approach to debt management, having inherited a humongous and daunting debt from the previous PDP administrations. Recognizing the crippling effects of unchecked debt on economic development, Bello implemented forward-thinking policies that prioritized debt servicing to ensure the state did not fall into deeper financial distress.

This prudent approach not only stabilized Kogi State’s finances but also laid a solid and enduring foundation for sustainable economic growth.

Recall that in November 2022, Kogi State under Governor Yahaya Bello won the prestigious World Bank’s Awards of Excellence in three categories – Fiscal Transparency and Accountability, Debt Sustainability, and Domestic Revenue Mobilization.

These esteemed awards were conferred on the state at the Federal Government of Nigeria/World Bank States Fiscal Transparency, Accountability, and Sustainability (SFTAS) dinner with governors/award night held at Transcorp Hilton, Abuja.

The objective of the World Bank’s State Fiscal Transparency, Accountability, and Sustainability Programme is to promote the focus and attention of Nigerian states towards the improvement of their Public Financial Management (PFM) systems, processes, and institutions.

The then state’s auditor-general, Yakubu Okala, who spoke to journalists after the ceremony, attributed the success of the state in the areas of fiscal transparency and accountability to self-discipline, as well as the institution of a transparent and accountable governance system by Governor Yahaya Bello from the inception of his administration.

“The state is blessed with an incorruptible governor who also provides leadership from all fronts, a professional to the core that has surrounded himself only with persons that have the capacity to deliver”.

Governor Ododo has wisely chosen to uphold this illustrious legacy bequeathed by Yahaya Bello.

By continuing to prioritize debt servicing, Ododo ensures that the state maintains its financial credibility and avoids the pitfalls of excessive borrowing.

This unwavering commitment is evident in his administration’s careful and judicious allocation of resources towards meeting debt obligations promptly.

In doing so, Ododo is not only safeguarding the state’s financial health but also enhancing investor confidence, a crucial factor for attracting investment and fostering economic development.

Since assuming office and in line with his administration’s mantra of “continuity and consolidation”, Ododo has been prompt in the payment of salaries to workers at both local and state levels and also in meeting the contractual obligations to contractors handling various projects in the state.

According to the domestic debt data released by the Debt Management Office on September 30, 2020, the Kogi State government, through the astute leadership of former Governor Yahaya Bello, was able to reduce the state debt from a cumulative N132.5 billion in 2019 to N84.9 billion to N73,314,904,696.35.

The well-detailed data showed that the Kogi State government, under the stewardship of Ododo’s predecessor, through a well-structured fiscal policy and prudent management of the state’s scarce resources, reduced the state’s domestic debts by N59.15 billion.

Similarly, in the states’ domestic debt reduction data released by the Debt Management Office and published by one of the reputable online platforms, TheCable, on June 26, 2024, Kogi was among the top four states of the federation that have drastically reduced their domestic debt profile, bringing the state’s domestic debt figure from 121,808,350,345.34 in December 2023 to 38,552,462,453.80 as at June, 2024 In an effort to run a state free of debilitating debt, Ododo is showing his unwavering commitment to running a state that is not weighed down by burgeoning debts that could become an albatross for the development of the state.

With his eagle eye for detail and meticulous approach to public finances, Ododo has proved himself a formidable force to be reckoned with when it comes to the prudent management of state resources.

Enhancing Internally Generated Revenue (IGR)Governor Bello’s tenure saw significant strides in improving Kogi State’s IGR through innovative strategies and comprehensive reforms.

These efforts included expanding the tax base, improving tax collection efficiency, and leveraging technology to track and enhance revenue streams.

The result was a notable increase in the state’s IGR, providing a more stable financial base for developmental projects.

Before Bello’s emergence as Kogi Governor in 2016, the state was generating a paltry N350 million to N400 million as Internally Generated Revenue (IGRs) on a monthly basis.

The Bello administration, however, changed the narrative as the monthly IGRs of the state astronomically rose to over N1.3 billion before he left office.

Building on this solid foundation, Governor Ododo has also demonstrated a proactive stance in furthering IGR generation from what he met. Recent IGR posted by the state showed that the monthly average has risen significantly to N2 billion within just six months of his term in office.

This impressive increase is made possible through the prudent and transparent management of the revenue collection mechanism.

His administration has introduced a number of measures aimed at boosting local industries, supporting small and medium-sized enterprises (SMEs), and harnessing the state’s abundant natural resources.

By fostering an environment conducive to business growth and economic diversification, Ododo is driving Kogi State towards greater financial independence.

Moreover, Ododo’s focus on leveraging cutting-edge technology to streamline revenue collection processes is a testament to his forward-thinking approach.

The adoption of digital platforms for tax collection not only reduces leakages but also enhances transparency and accountability.

These measures are crucial in building public trust and encouraging voluntary compliance among taxpayers.

The Broader Economic ImpactGovernor Ododo’s steadfast dedication to sustaining and enhancing these key economic policies has far-reaching implications for Kogi State.

Effective debt servicing ensures that more resources can be allocated to critical sectors such as education, healthcare, commerce, agriculture, and infrastructure, driving overall development.

Simultaneously, increased IGR provides a stable revenue stream that can be reinvested into the state’s economy, creating jobs for the teeming youth, and improving the quality of life for its residents.

Additionally, by maintaining a stable and predictable economic environment, Ododo is positioning Kogi State as an attractive destination for both domestic and foreign investors.

This influx of investment is essential for the state’s long-term economic growth and development, paving the way for a more prosperous and vibrant future.

No doubt, Governor Usman Ahmed Ododo’s administration represents a continuation and enhancement of the economic policies initiated by Governor Yahaya Bello in the Kogi State 35-year Economic Roadmap.

By prioritizing debt servicing and aggressively pursuing strategies to boost IGR, Ododo is ensuring that Kogi State remains on a path of sustainable financial stability and growth.

With more funds being saved for the state, the Ododo administration has been able to embark on an ambitious infrastructural renewal effort at the local levels.

For instance, internal roads in major communities in the state are at various levels of completion.

These include roads in Egbe, (Yagba West); Aiyetoro-Gbedde, (Ijumu); Mopa (Mopamuro); Felele-Agbaja (Lokoja LGA); Oguma (Bassa LGA); Idah, (Idah LGA); Abejukolo, (Omala LGA), and Anyigba (Dekina LGA), among other projects.

Critical and capital projects such as infrastructure at the Kogi State University, Kabba, Confluence University of Science and Technology, Osara, and other host of inherited projects are not abandoned.

He is also making significant investments in the health, road infrastructure, and agriculture sectors of the state for the overall wellbeing of the citizens.

The governor has also been able to boost the security architecture of the state through the launch and funding of the Metropolitan Quick Response outfit in the state.

Ododo’s commitment to these policies not only secures the state’s economic future but also sets a benchmark for other states to follow.

In a region where financial prudence and innovative revenue generation are paramount, Governor Ododo’s approach stands as a beacon of effective governance and visionary leadership for others to emulate.

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Ekiti Airport targets 24-hour flight operation, says Gov Oyebanji

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….Says Ekiti economy has improved significantly under his watch

Ekiti State Governor, Mr Biodun Oyebanji has revealed that efforts are in place to ensure the Ekiti Agro-Allied International Cargo Airport runs 24-hour operation, in a bid to make the route competitive.

The Governor also expressed delight that the economy of the state has recorded significant improvement in the past two-and-a-half years, promising to do more in order to ensure a more sustainable development of the state and better living standard for the people.

Governor Oyebanji who stated these on Monday night during the March edition of his monthly media chat, “Meet Your Governor”, said his government intends to make the Ekiti Airport a major hub, as well as a major driver of the economy, attracting more investors to the state and boosting the economic capacities of the citizens.

He explained that his administration has entered into discussions with three major airlines in the country to commence commercial flights at the airport, facilitate air travel, tourism development, more investment and transportation of cargoes and export of farm produce to local and international destinations.

While expressing optimism that at least two of the airlines would operate flights to and from the airport, Oyebanji said his administration also hopes to make the route competitive by working hard to install Instrument Landing System (ILS) that will enable the operation of 24-hour flights in the airport.

The Governor said: “The issue is to make the route profitable and competitive for airlines and if the route is profitable, they will bring their planes. Part of what we are doing is to make it an airport of choice and by next year, they will be able to run Hajj and (Christian) pilgrimage.

“To make it an airport of choice, we must put a structure that guarantees 24-hour landing.

There is what we call Instrument Landing System (ILS) which enables night operations and also enables planes to land in extreme weather.

ILS as at today will cost close to N4.6 billion but we are determined to get it done.

“We are determined that before the end of this year, we will install ILS at the Ado Airport.

If we are able to do that, it will be the second airport in Southwest after Lagos Airport that has such a facility so that aircraft can land at night. We are also talking to a vendor that will provide a hangar for airport services, so it’s a whole gamut of transaction that is going on.

“The Governor also disclosed that a cargo shed is being constructed at the airport to serve as storage facility for farm produce and cash crops. He commended the Senate Leader, Senator Opeyemi Bamidele for facilitating its inclusion in the budget.

The Ekiti Agro-Allied International Cargo Airport was given approval for non-scheduled flight operation for six months last December. Governor Oyebanji who said expressed optimism that the airport would be one of the most competitive by the time it commences commercial operations.

Speaking further, Governor Oyebanji identified some indices of economic growth witnessed under his administration to include springing up of more businesses in the state made possible by an enabling environment for them to flourish, improved internally generated revenue and receipts from the Federation Account, as well as adequate protection of lives and property.

The Governor who disclosed that the state’s Internally Generated Revenue (IGR) have moved from about N600 million monthly to over N2 billion monthly, attributed the feat partly to the fact that more residents are now encouraged to pay their taxes, having seen evidence of the government’s effective utilization of proceeds of the taxes in every part of the state.

He explained that his administration has not restricted development strides to only Ado-Ekiti, the state capital, as it is being speculated in some quarters, noting that virtually all parts of the state including the rural areas have been touched.

He also expressed readiness to keep on working for the people of the state till his last day in office, stressing that he wont be distracted by on going politicking.

Speaking on the state of the treasury, Oyebanji said what the state government and local governments receive monthly are not hidden as they are published by the office of the Accountant General noting that they vary from one month to the other.

He emphasized that his administration does not tamper with the local government funds as the State House of Assembly has an enabling law with established the Joint Account Allocation Committee (JAAC) with the monies for the councils coming directly into the account from the Central Bank of Nigeria (CBN).

While noting that he does not get involved in how the funds are shared, the Governor pointed out that he only monitors the projects the council chairmen execute with the funds to ensure that they are in line with the needs of the people and they such projects are satisfactory.

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Kogi State enforces ban on rallies, public gatherings amidst riding security concerns

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In view of the growing security concerns in Kogi State, the government has announced a ban on all forms of rallies or public gatherings that have the potential to disrupt public peace.

According to a statement on Monday by the Kogi State Commissioner for information and Communication Kingsley Fanwo, the decision comes after reports of planned violent rallies disguised as political and religious agitations surfaced.

The Commissioner averred that the state government has taken proactive measures to prevent any form of security breach that could destabilize the peace and security of the state.

Explaining further, Fanwo said “With recent incidents in various local government areas, including clashes in communities and tensions rising due to planned rallies, the government has deemed it necessary to implement stricter security measures.

“The ban on public gatherings includes suspending all fishing activities in Kogi Local Government Area until peace is completely restored after recent clashes resulted in the loss of lives.

Additionally, security operatives have been deployed to affected areas to restore calm and implement the directive.

“Furthermore, in Ankpa Local Government Area, communal clashes between Ika-Odele and Ika Ochala are threatening the peace in Kogi East. Security personnel have been deployed to the area to calm the situation and avert further loss of lives and property.

“The ban on rallies and public gatherings applies to all individuals, groups, or organizations within the state until further notice. The government acknowledges citizens’ constitutional rights to express themselves but emphasizes that security considerations must take precedence for public safety.

“The state government has also directed that any individual or group entering Kogi State with a convoy of security personnel must obtain prior clearance from state commands to prevent unauthorized movements and ensure the presence of duly accredited security agents.

“To ensure strict enforcement of these measures, the State Security Adviser has been tasked to work closely with all security agencies and maintain high alertness to prevent any breakdown of law and order”.

Fanwo added that the government urged residents to remain law-abiding, vigilant, and cooperative with security agencies to guarantee the safety and well-being of all citizens.

“With the Chief Servant of Kogi State leading efforts to protect lives and property and maintain peace and stability in the state, residents are encouraged to report any suspicious activities or movements to the appropriate security authorities.

The government reassures the public that any attempt to undermine the peace and security of Kogi State will be met with the full force of the law.

“By implementing these measures and collaborating with security agencies and community leaders, the Kogi State Government is committed to safeguarding the state and providing a safe environment for all residents” the statement added.

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President Tinubu congratulates Jim Ovia on admission to the freedom of the city of London

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President Bola Tinubu has congratulated the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, on his admission to the prestigious Freedom of the City of London.

Admission to the Freedom of the City of London is an honour bestowed on individuals for their service to the city or for their achievements.

In a press statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, President Tinubu described the honour as a fitting recognition for Mr Ovia’s exceptional contributions to business, innovation, and technology, as well as for his role in shaping Nigeria’s financial landscape and strengthening economic ties between Africa and the rest of the world.

“This honour is a testament to your unwavering commitment to excellence, your pioneering role in the growth of the financial services sector in Nigeria, and your visionary leadership that continues to inspire generations.

As an accomplished entrepreneur and advocate of innovation-driven development, your recognition in the City of London affirms the global relevance of Nigerian excellence and enterprise”, the President stated.

President Tinubu commended Mr Ovia for being a distinguished ambassador of the nation’s private sector and wished him continued success in his endeavours.

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