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BREAKINGNigeria secures $2.25 billion World Bank loan
NewsNigeria exits technical recession with 3.46% GDP growth
WTI$68.92 1.80%
GOLD$2,890.5 0.85%
S&P5,776.65 0.15%
NewsNigerian banking sector assets grow by 45% year-on-year
BRENT$72.45 2.10%
NEWSNNPC reports 47% profit increase
NewsStock market capitalization crosses N55 trillion mark
EUR/USD1.0845 0.12%
NewsDangote Refinery begins petrol production
NAS18,290.25 1.05%
NewsNaira stabilizes at N1,550/$1 in official market
NGXASI98,575.68 1.25%
NewsBrent crude approaches $75 amid Middle East tensions
NewsForeign reserves hit $34.2 billion, highest in 2 years
USD/NGN₦1,550 0.45%
ALERTAviation fuel prices drop by 8%
NewsCBN raises interest rate by 400 basis points to 22.75%
BTC$87,250 3.20%
NewsEuro depreciates against dollar ahead of ECB meeting
UPDATENDDC launches ₦2.5bn infrastructure bond
DOW42,850.22 0.32%
NewsBitcoin surges past $87,000 on ETF inflows
NewsGold hits record high as investors seek safe haven
BREAKINGSEC announces new rules for digital assets
NewsFAAC disburses N1.1 trillion to federal, states, LGs
NewsOil prices rally on OPEC+ production cuts extension
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
UPDATETinubu approves ₦3 trillion for power sector
NewsNigeria's inflation rate drops to 24.48% in January
BREAKINGNigeria secures $2.25 billion World Bank loan
NewsNigeria exits technical recession with 3.46% GDP growth
WTI$68.92 1.80%
GOLD$2,890.5 0.85%
S&P5,776.65 0.15%
NewsNigerian banking sector assets grow by 45% year-on-year
BRENT$72.45 2.10%
NEWSNNPC reports 47% profit increase
NewsStock market capitalization crosses N55 trillion mark
EUR/USD1.0845 0.12%
NewsDangote Refinery begins petrol production
NAS18,290.25 1.05%
NewsNaira stabilizes at N1,550/$1 in official market
NGXASI98,575.68 1.25%
NewsBrent crude approaches $75 amid Middle East tensions
NewsForeign reserves hit $34.2 billion, highest in 2 years
USD/NGN₦1,550 0.45%
ALERTAviation fuel prices drop by 8%
NewsCBN raises interest rate by 400 basis points to 22.75%
BTC$87,250 3.20%
NewsEuro depreciates against dollar ahead of ECB meeting
UPDATENDDC launches ₦2.5bn infrastructure bond
DOW42,850.22 0.32%
NewsBitcoin surges past $87,000 on ETF inflows
NewsGold hits record high as investors seek safe haven
BREAKINGSEC announces new rules for digital assets
NewsFAAC disburses N1.1 trillion to federal, states, LGs
NewsOil prices rally on OPEC+ production cuts extension
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
UPDATETinubu approves ₦3 trillion for power sector
NewsNigeria's inflation rate drops to 24.48% in January
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NGXIND345.67 0.23%
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NewsNaira stabilizes at N1,550/$1 in official market
NewsOil prices rally on OPEC+ production cuts extension
NewsNigeria's inflation rate drops to 24.48% in January
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsDangote Refinery begins petrol production
NewsBrent crude approaches $75 amid Middle East tensions
NewsNigerian banking sector assets grow by 45% year-on-year
NewsStock market capitalization crosses N55 trillion mark
NewsGold hits record high as investors seek safe haven
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria exits technical recession with 3.46% GDP growth
NewsFAAC disburses N1.1 trillion to federal, states, LGs
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsNaira stabilizes at N1,550/$1 in official market
NewsOil prices rally on OPEC+ production cuts extension
NewsNigeria's inflation rate drops to 24.48% in January
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsDangote Refinery begins petrol production
NewsBrent crude approaches $75 amid Middle East tensions
NewsNigerian banking sector assets grow by 45% year-on-year
NewsStock market capitalization crosses N55 trillion mark
NewsGold hits record high as investors seek safe haven
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria exits technical recession with 3.46% GDP growth
NewsFAAC disburses N1.1 trillion to federal, states, LGs
NewsNGX All-Share Index hits new 2024 high as banking stocks surge
NewsNaira stabilizes at N1,550/$1 in official market
NewsOil prices rally on OPEC+ production cuts extension
NewsNigeria's inflation rate drops to 24.48% in January
NewsCBN raises interest rate by 400 basis points to 22.75%
NewsForeign reserves hit $34.2 billion, highest in 2 years
NewsDangote Refinery begins petrol production
NewsBrent crude approaches $75 amid Middle East tensions
NewsNigerian banking sector assets grow by 45% year-on-year
NewsStock market capitalization crosses N55 trillion mark
NewsGold hits record high as investors seek safe haven
NewsBitcoin surges past $87,000 on ETF inflows
NewsNigeria exits technical recession with 3.46% GDP growth
NewsFAAC disburses N1.1 trillion to federal, states, LGs
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Financial EDGE

Oyo Gov’t Signs 3.5bn Contract To Upgrade Three Rural Markets - FinancialEDGE

By adminResearch Signal
Oyo Gov’t Signs 3.5bn Contract To Upgrade Three Rural Markets - FinancialEDGE
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The Oyo State Rural Access and Agricultural Marketing Project (OY-RAAMP) has awarded contracts worth N3.5 billion for the first phase of physical improvement and remodelling of three markets across the state.

The three markets selected for the first phase of the physical improvement include, Aare-Alasa Market, Akanran area, Ona-Ara Local Government, Oja-Agbe Market, Iseyin Local Government, Oja-Oba Market, Ibarapa Central Local Government.

Speaking at the official signing ceremony recently, the Commissioner for Agriculture and Rural Development, Barrister Olasunkanmi Olaleye, reaffirmed the government’s dedication to transforming rural markets into modern, functional hubs that will drive agricultural productivity and improve access to markets across the state.

According to the Commissioner, “These markets will undergo comprehensive modernization, including upgraded infrastructure, enhanced storage facilities, improved access roads, and other critical features aimed at streamlining agricultural logistics and supporting both farmers and traders”.

In her welcome address, the Permanent Secretary of the Ministry, Mrs. Abosede Owoeye, described the contract signing as a significant milestone in the state’s agricultural transformation efforts stressing that the initiative aligns with Governor Seyi Makinde’s vision of ensuring food security and economic empowerment in rural communities.

In her address the OY-RAAMP Coordinator, Engr. Mrs. Adeola Ekundayo, explained that the N3.5 billion allocation covers: N1,227,196,608.81 for the Aare Alasa Market upgrade, N1,219,954,792.90 for the Oja-Agbe Market upgrade, N1,042,800,042.63 for the Oja-Oba Market improvement.

She noted that the Agro-Logistics component of RAAMP is strategically designed to enhance rural market infrastructure, ensure better linkage to rural roads, reduce post-harvest losses, and improve the accessibility of farm produce.

The contractors awarded for each project site include: Quicbond Nigeria Ltd – Aare Alasa Market, Ona-Ara LGA, Lee Fakino Nigeria Ltd – Oja-Agbe Market, Iseyin LGA, AB-Bond Habitat Ltd – Oja-Oba Market, Ibarapa Central LGA

Engr. Ekundayo however urged the contractors to actively engage with the host communities throughout the project’s execution to ensure sustainability and local support.