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SWDC to establish Southwest investment fund for regional development, Says Akinola
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The Managing Director and Chief Executive Officer of the South-West Development Commission (SWDC), Dr. Charles Akinola, has informed the commission is working on establishing a South-West Investment Fund to catalyse investment across the six states of the region.
Akinola said the proposed fund, which will be largely private sector-driven, is designed to attract capital for strategic regional projects and address the infrastructure needs of the South-West.
He stated on Thursday at the South-West Stakeholders’ Dialogue organised by Afenifere, the DAWN Commission, and the South-West Governors’ Forum, held in Akure, Ondo State, with the theme “Strengthening Democracy Through Dialogue: Assessing Progress, Charting the Future.”
“We are designing a best-in-class investment fund that can attract private capital to finance outstanding regional projects and meet the urgent infrastructure needs of the South-West,” Akinola said.
The SWDC boss explained that the commission is intensifying efforts to achieve greater regional connectivity and integrated development as part of a broader agenda to promote inclusive growth and shared prosperity across the region.
According to him, consultations have begun with development partners and private investors to design a framework for intra-regional transportation corridors, agricultural value chain enhancement, and technology-driven industrial clusters linking major cities and rural communities.
He noted that improving road networks, digital infrastructure, and economic linkages would facilitate trade and mobility while strengthening social cohesion and competitiveness across the South-West.
“The development commissions, like the SWDC, focus on regional projects that are often left unattended to. We’re looking at integrative initiatives such as regional connectivity by rail and highways.
“For instance, it took us about four hours to get from Ibadan to Akure, How do we get state governments, the federal government, and the private sector to collaborate on such critical infrastructure?” he asked.
Akinola stressed that the SWDC’s strategy aligns with President Bola Tinubu’s economic transformation agenda and the renewed commitment of South-West governors to a unified development blueprint.
He said improved connectivity will enable the region to leverage its human capital and economic potential to drive national growth, attract investment, and create jobs for millions of young people.
“We will be engaging in the coming weeks with a broad range of stakeholders – communities, governors, trade groups – to define a shared vision for the commission. This inclusiveness is critical to ensuring collective ownership and success,” he stated.
Akinola recalled that he previously chaired the expert group set up by South-West Governors between 2020 and 2021 to produce the technical report that laid the foundation for the establishment of the SWDC.
“We engaged governors across the states to identify priorities and shared perspectives on regional development. It’s an ongoing process. We cannot succeed without the active participation of the governors and the people,” he noted.
He reaffirmed the commission’s commitment to working closely with traditional rulers, trade groups, youth associations, and market women to drive a shared vision of prosperity for the region.
“We stand on a covenant with the people of the South-West that we will do our best. Together with our partners, the governors, Kabiyesis, trade groups, and communities, we will pursue a united vision to drive prosperity through the work of the South-West Development Commission,” Akinola declared.
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Tinubu Commends APC Primaries, Describes Exercise as Victory for Internal Democracy
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…President expresses satisfaction with governors’ handling of exercise
…Says party members’ support places greater responsibility on him
President Bola Ahmed Tinubu on Saturday described the ongoing presidential primaries of the All Progressives Congress (APC) as a demonstration of internal democracy and grassroots participation, expressing satisfaction with the conduct of the exercise across the country.
The President spoke with journalists after participating in the primary election at Ward L2, Ikoyi, Lagos, where he commended state governors and party officials for managing the process.
President Tinubu, who arrived at the venue alongside the First Lady, Senator Oluremi Tinubu, was received by Lagos State Governor, Babajide Sanwo-Olu, Lagos APC Chairman Pastor Cornelius Ojelabi, Minister of Industry, Trade and Investment Dr. Jumoke Oduwole, former Minister of Finance Wale Edun, and other party leaders.
According to him, the exercise has so far reflected the democratic ideals of inclusiveness and orderly participation within the ruling party.
“This is a demonstration of internal democracy and it has been going very well according to plan.
“This is politics, grassroots politics, where every member of the party has a right to participate and be involved. It’s to ensure that we have an internal democracy and it’s peaceful and well-organized”, Tinubu said.
Responding to questions on whether he was satisfied with the manner governors had handled the process in their respective states, the President said the conduct of the primaries had met expectations.
“Today, I am very satisfied, very, very satisfied that these governors have done well in their various states.
“In fact, from the ward congresses to local government congresses, to the delegate accreditation, validation, members register, and certification of the electoral process, it has been all very well. At least, you will score democracy at a high level”, he said.
The President also reacted to the large turnout and expressions of support from party members and supporters at the venue, saying the show of confidence increased the responsibility on him.
“I’m just excited. They challenge me more,” Tinubu said.
Tinubu reiterated that the APC remained committed to transparent and inclusive democratic processes that allow party members at the grassroots to freely determine their leaders and representatives.
He further commended electoral officials, party leaders and security agencies for ensuring a peaceful and credible exercise, while urging Nigerians to continue supporting democratic institutions and national unity.
The President also reaffirmed his administration’s commitment to democratic ideals, good governance and policies aimed at improving the welfare of Nigerians while strengthening political stability across the country.
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Truck Loaded With Stolen Rail Materials Trapped in Jos, Exposes Growing Sabotage
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Concern is mounting over the persistent vandalism of railway infrastructure across Nigeria following another disturbing incident in Jos, Plateau State.
A truck reportedly conveying stolen railway materials was said to have become stuck along the Kuru axis, drawing attention to the activities of vandals sabotaging critical transportation infrastructure in the country.
The incident has renewed calls for urgent government intervention as experts warn that continued attacks on railway facilities could negatively affect national development and public safety.
Railway tracks and related materials are regarded as essential national assets designed to support economic activities, improve transportation and boost regional connectivity. Their destruction, analysts say, amounts to economic sabotage and a setback to Nigeria’s infrastructure development goals.
There are growing fears that criminal networks are increasingly targeting railway installations in parts of North Central and North East Nigeria, threatening train operations and exposing commuters to danger.
Stakeholders are now urging authorities to intensify monitoring, deploy advanced security systems and strengthen enforcement measures to curb the menace.
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Ekiti APC: Controversy Trail Cyril Fasuyi’s Second-Term Ticket as Fayemi, Oyebanji Alliance Sparks Debate
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There are growing political discussions within the Ekiti State chapter of the All Progressives Congress (APC) following allegations surrounding the emergence of Senator Cyril Fasuyi for a second term ticket.
Some party members and political observers in the state have alleged that Governor Biodun Oyebanji and former Governor Dr. John Kayode Fayemi remain politically aligned despite public perceptions suggesting otherwise. According to the claims, the relationship between Governor Oyebanji and Fayemi remains cordial and influential in the state’s political structure.
Critics further alleged that Senator Cyril Fasuyi was advised to reconcile with Fayemi in order to secure support for his return bid, a move they claim eventually strengthened his chances of getting the ticket.
The development has reportedly generated concerns among some APC stakeholders, who believe certain political interests are working behind the scenes to shape the future direction of Ekiti politics ahead of upcoming political contests.
The allegations also claim that internal power struggles within the party may affect relationships with key figures at the national level, particularly supporters loyal to President Bola Ahmed Tinubu.
However, no official statement has been issued by Governor Oyebanji, Dr. Fayemi, or Senator Fasuyi regarding the allegations.
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