Town Gist Ng

The Odogbolu Local Government administration, led by the visionary Hon. Ladejobi Shuaib, is proud to announce a transformative project to revitalize the beloved Odogbolu Market. This initiative promises a vibrant and modern marketplace, boosting the local economy, creating jobs, and fostering a welcoming community hub for all. The project includes the construction of new 28 modern open stalls, 12 Lock Shops for added security and 12 detached open stalls for flexibility dedicated to local produce, handcrafted goods, and everyday essentials making the beloved Odogbolu Market a bustling hub for traders and shoppers alike. More than just a market upgrade, this endeavor represents a significant step towards boosting the local economy, creating jobs, and fostering a vibrant community hub for everyone to enjoy. For the traders, this project means more than just a new space. It means a chance to thrive, to attract more customers, and to build a brighter future for their families. For the shopp...

Precious Eze, owner of Precious Blog, the popular writer, blogger, content producer, etc, was arrested at his Lagos residence by a Special Force from Abuja on Tuesday, 12th December 2023 at 1:24 am, according to his cousin who lives with him. A combined team of the Department of Security Services, the Police and military is said to have executed the arrest.  Eze is believed to be in the facility of one of the security agencies and held incommunicado.  His cousin said: "I have been making efforts to trace where he could be none to avail. So I have now involved my lawyer to write to all the security agencies asking for more information".

Monopoly is a situation whereby there is a single producer, supplier or seller of a particular good or service. Monopoly can also arise when a producer or supplier offers a product or service which does not have substitutes. It may also arise when a product is not easily available.  Government regulations can also encourage a monopoly when competing players are not allowed into a sector. For example, the defunct Nigerian Telecommunications Limited (NITEL) was the sole provider of telecom services in Nigeria until the Federal Government deregulated the sector in 2001, leading to the award of GSM licences to MTN, Airtel, Globacom, and later Etisalat Nigeria (now 9mobile). Also, the former National Electric Power Authority/Power Holding Company of Nigeria (NEPA/PHCN) was a monopoly until 2005 when the Electric Power Sector Reform (EPSR) Act enabled private sector participation in some aspects of electricity services – especially generation and distribution.  As a lone player in t...

Chief Adeolu Ogunbanjo, President, National Association of Telecommunications Subscribers (NATCOMS) in this no holds barred interview with The Guardian x-rays the state of the economy and how the President Bola Tinubu-administration and its policies is affecting the telecom sector, among other developing events in the outgoing year. What is your assessment of the general state of the Nigerian economy? May 29, 2023 saw the emergence of subsidy removal, that’s fine. Sincerely few individuals, like powerful individuals, you know were conning the resources of the petroleum sector in the country and it needed to be stopped, which was done by President Bola Tinubu. However, the unification of the naira was the mistake the current President did. Those two things shouldn’t have come in the immediate succession. Subsidy removal, yes, but the unification of the naira was the big blow that actually scattered Nigeria’s economy. Subsidy removal will have its effect, yes we do appreciate that, but t...

In line with the President Bola Tinubu administration’s Renewed Hope mantra, the federal government of Nigeria has named democracy, development, demography and diaspora as the anchors of its foreign policy. Amb Yusuf Maitama Tuggar, the Honourable Minister of Foreign Affairs made the announcement at the launch of The Atrium, a historic venue that houses relevant information about the country, its leaders and its diplomatic engagements over the years, held in the Federal Capital Territory, Abuja on Tuesday, December 12, 2023. From left: Honourale Minister of Foreign Affairs, Amb. Yusuf Maitama Tuggar; Minister of Youth Development, Jamila Ibrahim; Doyen of the Diplomatic Corps in Nigeria, Amb. Salaheddin Abbas and Chairman, Nigerians in Diaspora Commission, Hon. Abike Dabiri-Erewa, during the launch of the President Bola Tinubu’s 4D Foreign Policy Exhibition at the Ministry of Foreign Affairs in Abuja on Monday (11/12/2023) For the minister, the Tinubu’s 4-Ds Foreign Policy Doctrine aim...

Michelin Tyre Services Nigeria has reaffirmed its commitment to the Nigerian market and its valued Partners, reiterating its focus on ensuring smooth delivery of quality tyres and services to its customers, during an address to its partners  and stakeholders in transport and safety sectors at the Michelin Stakeholders Dinner Night held over the weekend at Radisson Blu Hotel, Ikeja, Lagos. In her opening speech, The Managing Director, Michelin Nigeria, Mrs. Chioma Alonge said “we appreciate Michelin stakeholders every year, and the reason we do this is to show them our heartfelt appreciation for their support and trust. We bring them together because our success is a shared accomplishment. She also dispelled rumours of the company's departure from Nigeria, emphasizing its six decade presence and ongoing operations. She stated that while the manufacturing plant in Port Harcourt closed in 2007 due to unfavorable conditions, Michelin's commitment to the Nigerian market remains ...

The resplendent community of Iroko Town unfolded a grand tapestry of tradition, empowerment, and unity during the biannual 2023 Iroko Day Festival, celebrating the exceptional leadership of His Royal Majesty Ọba (Arc) Olusegun Ayinde Feyijimi Iroko (Gbadewolu 1), The Oniroko of Iroko Land. This week-long extravaganza, culminating on Saturday, December 9, 2023, not only showcased the vibrant cultural heritage but also marked significant milestones in community development. L-R: Onimelu of Imelu, Ifewara Osun State,HRM Oba Azeez Yekini Gbolaru; Olori Basirat Omolara Feyijimi Iroko; Olota of Ota Awori Kingdom, HRM Oba Professor Abdulkabir Adeyemi Obalanlege, Lanlege Ekun II, and  HRM Oba (Arc) Olusegun Ayinde Feyijimi Iroko, Gbadewolu I, during the Iroko Day Festival 2023 with the grand commissioning of the community built Police Station, in Ogun state. The highlight of the festival was the illustrious commissioning of the first community-built (storey building) Police station by His ...

In line with the ISEYA agenda of our amiable Governor Prince Dapo Abiodun, Hon. Ladejobi Shuaib distributed medical basic amenities to the Federal Housing Estate Ikoto Primary Health Centre to aid the productivity of the center and also give comfort to patients and in-house staffs of the center. The Supervisory Councillor for Health, Water Resources and Environment Hon. Olajide Balogun (Jendor) who presented the Amenities to the Representatives from the center admonish the Nurses and Staffs of the center to make sure the amenities are judiciously used for the right purposes. “We are committed to providing quality healthcare services to the people of Odogbolu Local Government,” said Hon. Olajide Balogun. “The distribution of these medical amenities is just one example of our commitment to ensuring that our residents have access to the care they need.” The amenities include new beddings, basic amenities, and other supplies that will help the center to better serve its patients. The cente...

  Over the years, and using its financial might and perceived technological advancement, South Africa has exported power houses across African countries but none more sizable than into Nigeria. Nigeria being the largest economy and population on the continent has historically appeared a favoured destination for businesses.  Many of these economic power houses provided economic advancement and some have dominated their industries with positive experiences . There are however, also negatives that sometimes outweigh the positives.  Due to their sizes, some of them have come to dominate the markets they operate in.  The issue of dominance becomes more pertinent during economic downturns especially as Nigerians get poorer by the day.  Nigeria’s GDP per capita for 2022 stands at $2,184, materially down from around $3,200 in 2014 and almost the same as it was in 2008.  South Africa’s GDP per capita is $6,770 in 2022, three times that of ordinary...

A nation's economic development story is incomplete without recognizing the pivotal role of Small and Medium Enterprises (SMEs) at all levels of the country. Countries like America, China, and others have thrived due to the emergence of SMEs, while the poverty in many developing nations can be linked to the neglect of these crucial entities. Before 2000, small businesses in countries like Nigeria were hindered by their limited reach, unable to compete with larger corporations  employing traditional advertising methods such as billboards, radio, and print media. The untapped potential of SMEs, capable of significantly boosting a nation's economy, remained hidden. It is essential to understand that SMEs are fundamental to economic growth in Nigeria, employing 90% of the workforce and accounting for 90% of businesses. The frustration of having potential without a platform, is higher in comparison to having no potential at all. The challenges faced by SME owners during an era when ...