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SSACO Accuses Makinde of Squandering ₦359bn Federal Allocations

Gbenro Adesina by Gbenro Adesina
November 13, 2026
in Politics
Reading Time: 2 mins read
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Makinde’s interview exposes his cluelessness in making economy productive - SSACO

Governor Seyi Makinde and Sen Sarafadeen Alli

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The campaign organisation of the All Progressives Congress (APC) governorship aspirant in Oyo State, Senator Sharafadeen Alli, has accused Governor Seyi Makinde of failing to translate increased federal allocations into industrial growth, job creation and economic prosperity for residents of the state.

The Senator Sharafadeen Alli Campaign Organisation (SSACO) made the allegation while reacting to Makinde’s recent interview on a national television station, describing his comments on the state’s economy as evidence of a lack of direction in managing public resources.

In a statement issued by its Director of Media and Publicity, Bisi Oladele, the organisation claimed that Oyo State received approximately ₦145 billion and ₦214 billion in federal allocations in 2024 and 2025 respectively, but had failed to achieve the desired industrial transformation.

SSACO argued that the governor should have leveraged the increased revenue arising from the economic reforms of President Bola Ahmed Tinubu’s administration to create an enabling environment for industries, businesses, and other productive economic activities.

The organisation faulted Makinde for downplaying the significance of increased federal allocations, insisting that the responsibility of a state government was to translate available resources into economic opportunities and improved living standards.

It questioned why the governor had been unable to stimulate industrialisation and employment despite the substantial revenue accruing to the state.

The campaign organisation also criticised the Makinde administration over its electricity project, alleging that ₦8.5 billion had been spent on what it described as a failed initiative.

It contrasted Oyo State’s approach with those of Lagos, Ekiti and Abia states, which it said had taken advantage of the Electricity Act 2023 to pursue electricity generation and distribution initiatives.

SSACO argued that Oyo State had failed to deploy similar opportunities to improve electricity supply for industries, businesses and households.

Describing Makinde’s ambition to reset Nigeria’s economy as contradictory to his administration’s performance in Oyo State, the organisation said residents deserved better leadership.

The campaign group subsequently outlined some of Alli’s proposed policies under his Oyo AHEAD agenda, which it said would address the state’s economic and infrastructural challenges if he becomes governor in 2027.

Among the proposals are the establishment of a state electricity regulatory body, increased investment in solar energy, provision of low-interest funding for the organised private sector, revival of the state’s Free Trade Zone and creation of a ₦10 billion youth development fund.

SSACO maintained that Alli’s proposed alignment with the Federal Government would attract greater economic benefits to Oyo State.

It consequently urged residents to support the senator in the 2027 governorship election, expressing confidence that his proposed policies would stimulate economic growth, industrial development and job creation.

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Tags: campaign organisation of the All Progressives Congress (APC)Governor Seyi MakindeOyo StateSenator Sharafadeen Alli
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