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VOL 1. NO 3 / FEBRUARY, 2021 AKOKO NORTH WEST AKOKO NORTH EAST AKOKO SOUTH AKOKO EAST IFEDORE SOUTH WEST ILEO OLUJI/ AKURE OKE IGBO SOUTH AKURE NORTH ONDO OWO EAST ONDO WEST IDANRE OSE ODIGBO OKITIPUPA IRELE ILAJE ESE ODO Ondo State in Perspective Gbenga Akingbasote Ayokunle Ikusemiju SN SOUTHERN CENTRAL SENATORIAL NORTHERN SENATORIAL DISTRICT DISTRICT SENATORIAL DISTRICT 1. Ilaje Ondo West Owo ith its current population of over three million, Ondo State was one of the seven 2. Okitipupa Ondo East Akoko South East WStates created on 3rd February, 1976 by the regime of Late General Muritala Mohammed. 3. Irele Akure South Akoko South West Popularly called the Sunshine State, it is reputed as having the second largest Bitumen deposit in the 4. Odigbo Akure North Akoko North East world and largest in Africa. The State is also blessed with vast Agricultural resources. 5. Ile-oluji/Oke-igbo Idanre Akoko North West Ondo State shares borders with the Atlantic Ocean 6. Ese Odo Ifedore Ose in the South, Osun State in the North-west, Ogun State in the South-west, Edo State in the East, Ekiti State in the North, Kogi State in the North-east and The State has over 1,200 public and private primary Delta State in the South-east, with a total land mass institutions, over 600 public and private secondary of 14,788,723 square kilometres and a population of institutions and over 17 public and private tertiary over three million (according to 2006 census). institutions. The State is divided into three Senatorial Districts with Since inception, the following Governors have 18 Local Government Areas namely: administered the State: Contd. on Pg 3. 2 Another Midas touch of Mr. Governor is the gradual creation Editorial of industrial/economic base for the State. The already functional Ore Industrial hub in Omotosho/Ore axis housing ARAKUNRIN AKEREDOLU, SAN Linyi Industrial Complex and several industries is a reference MANY DEVELOPMENTAL STRIDES IN ONDO STATE point. The industrial revolution is the baby of the Akeredolu Administration. ince its creation on 3rd February, 1976, Ondo State has To Arakunrin, no stone will be left unturned in creating an witnessed several developmental efforts by e c o n o m i c b a s e f o r t h e S t a t e a n d m i n i m i s e i t s Ssuccessive administrations. Under the present overdependence on the dwindling statutory allocations Administration of Oluwarotimi Akeredolu, SAN, ofcially from the Federation Account. called Arakunrin, the development of the Sunshine State The implication of the foregoing to the public servants, has been on upswing momentum. From one giant stride to especially as Akeredolu is set to commence its second term another, the Arakunrin Administration which birthed four in Ondo State, is for us to roll up our sleeves and be on the years ago precisely on February 24, 2017, has recorded a same page with the political authorities. More than ever phenomenal transformation across all sectors and sections before, we must full our calling as the engine room of of the State leaving no one, friend and foe, in doubt that government helping to translate lofty objectives of the Administration into reality. A business model must be applied Akeredolu means business. with corresponding professionalism, shifting our emphasis away from the monotonous drudge of the regular Within the space of the rst four years of Arakunrin bureaucracy. Ondo State has enviable potentials to Administration, all the eighteen local government areas of become unrivalled in Nigeria, development-wise. Our the State have had their good share of infrastructural resources – marine, agriculture, rich oil and sand deposits, transformation, touching the nooks and crannies of the bitumen, etc and good weather, if reasonably tapped, will State. usher-in the Ondo State of our collective dream. We must continue to play our critical part. This is the only way to justify In the Southern Senatorial District made up of six local our continued relevance. government areas of Ile Oluji/Okeigbo, Odigbo, This edition of ODSIP Newsletter centres on Ondo State, its Okitipupa, Irele, Ese Odo and Ilaje is the rst ever overhead demography, past rulers, minerals and vast agricultural bridge, the Ore Inter-change, a project embarked upon, potentials (land and sea) available to be tapped by investors concluded in record time and commissioned by the within and outside Nigeria. As usual, other sundry but relevant President of the Federal Republic of Nigeria, Muhammadu issues and topics are available for the education and Buhari, GCFR, in 2019. This legacy project has helped enlightenment of our teaming readers. resolved the hitherto usual trafc logjam in Ore axis of Lagos – Shagamu – Benin expressway. Also, in the same O. Aragbaiye, zone, numerous inter and intra city roads have been Publisher/Editor-in-Chief constructed in Okitipupa town, Irele – Kiribo – Agadagba, the ongoing Okitipupa bypass road and many others. One other project that will change the face and fortune of Ondo State in the near future when accomplished is the Editorial Board proposed Deep Sea Port in Ilaje local government area of Publisher/Editor-in-Chief - O. Aragbaiye the State. Mr. Governor is therefore sparing no effort to Member - Gbenga Adelayi surmount all technical and ofcial obstacles in the way of Member - Bayo Philip the project. Member - Oluwagbenga Akingbasote Member - Williams Olufunmi In the Central Senatorial District which comprises Akure South, the State capital, Akure North, Ifedore, Idanre, Ondo West and Ondo East local government areas, the infrastructural transformation and expansion projects, Editorial Team completed and ongoing, are numerous. They include Managing Editor - Dele Awogbami among others Oba Osupa road (Hospital road), Oluwatuyi Asst. Managing Editor - Williams Oni road, Oda road, Okeogba, Orita Obele, Abusoro, Idanre, Feature Ediitor - Ayokunle Ikusemiju Isarun, Igbara oke. Copy Editor - Adetolu Ademujimi Production Editor - Olumuyiwa Akinkuolie The Northern Senatorial District made up of Akoko South Staff Writer - Olufunmilayo Debbi West, Akoko South East, Akoko North West, Akoko North Correspondents - Taiwo Ojumu Esq East, Owo and Ose local government areas is not left - Ajoke Olorunnegan out. They include among others the Ikare dual lane, whereby the deadly and mythical 'Oke alabojuto' hill Production Assistant - Saheed Alabi was dismantled; Owo township road and so on. 3 Mineral Occurrence Estimated Products Opportunities Reserve Ondo State in Perspective contd. Crude Oil Ilaje and Ese 23 billion Natural gas, liqueed Petroleum Odo LGAs barrels of oil petroleum gas, renery, with more than gasoline, petroleum petrochemical 10% in Ondo either kerosene, jet- industry and SN MILITARY TENURE State fuel, diesel, fuel oil, plastic industry ADMINISTRATORS/GOVERNORS lubricating oil, petroleum jelly, parafn wax, asphalt 1. Wing Commander Ita David Ikpeme 3rd Feb. 1976 – 23rd July 1978 and carbon black 2. Brig. Sunny Esijolomi Tuoyo 24th July, 1978 – 30th Sept., 1979 Natural Ilaje and Ese 124 billion Cu.Ft Liqueed Natural Liqueed gas Odo LGAs gas, fertilisers and natural gas st th methanol (LNG), 3. Chief Michael Adekunle Ajasin 1 Oct., 1979 – 30 Dec., 1983 chemical industry, 4. Commodore Michael Bamidele Otiko 5th Jan., 1984 – 27th Aug., 1985 fertilisers and methanol 5. Captain Okhai Mike Akhigbe 2nd Sept., 1985 – 25th Aug., 1986 Bitumen Agbabu, Over 42 billion Heavy oil, synthetic Asphalt plant Ofosu, Looda, barrels crude, diesel, for road 6. Colonel Ekundayo Babakayode Opaleye 6th Aug., 1986 – 16th Dec., 1987 Linla, kerosene, motor fuel, surfacing, Lamudifa, fuel oil, grease, wax, petrochemical Atijere, asphalt, sulphur, industry, th nd 7. Navy Captain Olabode Ibiyinka George 17 Dec., 1987 – 2 Sept., 1990 Mahintedo, sulphuric acid, pitch, bitumen Okitipupa, vanadium, nickel, renery, rd nd Ode Aye, petro chemicals pharmaceutic 8. Navy Captain Sunday Abiodun Olukoya 3 Sept., 1990 – 2 Jan., 1992 Araromi Obu phenaols al, textile and and Igbekebo plastic 9. Evang. Bamidele Isola Olumilua 2nd Jan., 1992 – 18th Nov., 1993 Silica sand Igbokoda, 29.6 x 107' Glass limes and, Sheet glass, Akata, metric tones aerated bricks bottle glass 10. Lt. Colonel Lucky Mike Torey 9th Dec., 1993 – 18th Sept., 1994 Agbala, and other glass Aboto, products Agerige, Zion 11. Colonel Ahmed Usman 18th Sept., 1994 – 21st Aug., 1996 Pepe Kaolin Omialafara, 1,040 million Ceramics, tiles, Ceramic, Navy Capt. Anthony Ibe Onyearugbulem 22nd Aug., 1996 – 10th Aug., 1998 12. Ewi, Ode Aye, metric tones bricks, medicine, plastic and Omifun and insecticides, food chalk industries 13. Colonel Moses O. Fasanya 11th Aug., 1998 – 29th May 1999 Abusoro additives and factory products 14. Chief Adebayo Adefarati 29th May, 1999 – 29th May, 2003 Bulk clay Erusu Akoko, 49.1 million Pottery and Welding, wire, Oranyin river, metric tones ceramics bricks, polished Ute, Arimogija metal and tiles th rd 15. Dr. Olusegun Agagu 29 May, 2003 – 23 Feb., 2009 and Ifon factories/indust ries 16. Dr. Olusegun Mimiko 24th Feb., 2009 – 24 Feb., 2017 Limestone Okeluse, Over 7.5 million Cement and Lime Cement, Arimogija metric tonnes Hydrated Lime 17. Arakunrin Oluwarotimi Akeredolu, SAN 24TH Feb., 2017 - Date Production Despite having the largest gas deposit in the world, Salt Ilaje LGA Extensive area Salt Salt Production agriculture has been the major source of income with Sea water and economic activity in the State. For example, Granite Supare, Iworo, Over 100 Paving blocks, Granite slabs, Oka, Afo, miilion metric Dimension stones Tiles, the State is noted for its leadership position in the Igbaraoke, tonnes Aggregates, Idanre, Akure Stone dust production of cocoa. Aside Cocoa, the State is Iron Ore Akunu Akoko, N/A Steel wrought Iron Iron and Steel renowned for several agricultural and mineral Oba, Ase, Industry Auga- road, resources that are capable of boosting its internally Lokuakua, Ondo West, generated revenue, among them are: gold, Lamu tobacco, granite, cotton, timber, palm oil, marble, diorite, lignite, cotton, beads, kaolin, crude oil, iron ore, clay, pyrites, gemstone, coal and bitumen.
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  • An Assessment of Odu'a Investment Company

    An Assessment of Odu'a Investment Company

    Covenant University Journal of Politics & Internationall Affair. Vol. 7 No. 1, June 2019 ISSN: p. 2354-3558 e. 2354-3493 DOI: 10.20370/ddtf-z111 An Open Access Journal Available Online Bleeding the Commonwealth: An Assessment of Odu’a Investment Company Limited, 1985-2008 Abimbola Oyarinu Department of History and Strategic Studies, University of Lagos, Akoka Lagos, Nigeria Received: 24.02.2019 Accepted: 25.05.2019 Date of Publication: June, 2019 Abstract: Corruption is a scourge destroying public enterprises in Nigeria but the idea that corruption is the major reason why public enterprises fail might be far from the truth. Enormous corruption occurred in Odu’a Investment Company Limited between 1992 to 2008, which led to the obliteration of the Yoruba patrimony. While associated companies, which are run by private hands are making profits and paying dividends, the subsidiary companies are being bleed white owing to massive corruption stemming from a dysfunctional structure. A historical method is adopted as data were collected from archives, interviews, private records, company journals, newspapers, books and internet materials. The study is both descriptive and analytical and data is analysed using content analysis. This work concludes that corruption is not the major reason why public enterprises fail but the structure like neorealism postulate. The structure of public enterprises is discovered to lack Agency. Keywords: Corruption, OICL, Owner-States, Public Enterprises, Structure Introduction made her balance of trade a mockery The idea that government has no to the eyes. Awolowo, an business in business is an argument accomplished Keynesian economist, advanced and popularized by neo- had realized as far back as the 1950s liberalists in the 1970s.