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Oyo Govt. pays N350m Counterpart Fund for World Bank Project on Rural Access Roads

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May 13, 2020
in General, Nation
Reading Time: 3 mins read
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Oyo Govt pays Counterpart fund to World Bank
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Oyo State Governor, Engineer Seyi Makinde, revealed on Wednesday that his government promptly paid the counterpart fund for Development Partners-backed Rural Access and Agricultural Marketing Project (RAAMP) to ensure accelerated development of the rural communities in the state.

The governor, who was speaking at the inauguration of the Project Monitoring and Technical Steering Committee, at the Government House, Agodi, Ibadan, said that the sum of N350 Million was paid two months into his tenure in office to facilitate the project.

The project, which was instituted in April 2016, had remained moribund as a result of the failure of the state to pay the 12 per cent counterpart fund required by the Development Partners including the World Bank, the French Development Bank and the African Development Bank (AfDB), among others.

A statement by the Chief Press Secretary to the governor, Mr. Taiwo Adisa, quoted Makinde saying that the RAAMP would ensure quality and durable roads that would open up the rural areas for business.

He said: “When we came in, we met the RAAM Project almost moribund because Oyo State couldn’t pay its own counterpart fund. Within two and half months of our administration, we provided the counterpart fund and we were able to get the project back on track”.

The project, which was meant to construct, rehabilitate and maintain over 1000 kilometres of rural roads across 33 Local Government Areas and 35 Local Council Development Areas of the state is aimed at linking the state’s Agro-logistic hubs foreconomic and social development.

Governor Makinde said that the RAAMP is aimed at improving the standard of living of rural dwellers, ease access to transportation and enhance rural participation in economic development.

The governor further stated: “I want to congratulate the members of the committee… As a member of this committee, one thing we want to ensure is that quality is maintained. We don’t want situation like in the past whereby roads and critical infrastructure are constructed and before that administration will even leave office, the infrastructure would have got to a total state of decay and you will know that within a very short time, you won’t see those infrastructure again. A case in point is that we went to Eruwa this time last week, the road from Ologuneru to Eruwa, they are still working on it, it is yet to get to the final point at Eruwa, but we saw many sections of the road that have failed already. That is not what we want, quality has to be maintained.”

The governor also stated that besides the RAAMP, there are other opportunities the state is looking forward to in order to turn around the fortunes of the rural communities.

He said: “Apart from the RAAMP, we still have other opportunities, AfDB are still talking to us, and if, indeed, we are able to put pen to paper, Oyo State would become one of their Agro-processing centres and they will support infrastructure provision towards our rural areas. This is mango season; I have been to the innermost part of Oyo State. It is obvious that a lot of farm produce is being wasted. Until the farm produce gets to the people that need it, it is then the farmers can get quality for their produce”.

He added that the RAAMP is important to his administration because it was capable of enhancing its vision of expanding the economy, which he said is a major aspect of his administration’s objectives.

Earlier, the RAAMP coordinator, Dr. Moses Ayanlowo, said the project was aimed at internationalising the capacity and culture for coordination, construction, rehabilitation and maintenance of rural road networks that would ensure an all year-round accessibility to farms and agro-logistic centres and markets.

He, however, appreciated the Makinde-led administration for paying the counterpart funds, which he said had debarred the state from benefiting from the RAAMP since 2016, noting that the project would bring profitable agricultural enterprise to the State.

In his address, the Oyo State Commissioner for Agriculture and Rural Development, who also doubles as the Vice Chairman (Administration) for the steering committee, Hon. Ojemuyiwa Ojekunle, said the re-launching of the RAAMP was an indication of the1 current administration’s commitment to the agricultural sector.

He added that the initiative would encourage more investments in agribusiness and alleviate poverty for rural dwellers.

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Tags: counterpart fundOyo StateRural access roadsWorld Bank project
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