Opinion: Oyebamiji: Banker to Governor?

By adbayo adedeji

Asiwaju Munirudeen Bola Oyebamiji, popularly known as Ambo, is a household title in Oson, the place he beforehand labored in a serious position: first, as a administrative supervisor of the state -owned funding firm, Osikul, and the second, as a delegate to finance underneath a state governor.

When he left his excessive -wage job at Enterprise in 2012 to enhance a considerably unattractive date in Oson, a number of folks consider that he doesn’t commit knowledgeable suicide. How can a 23-year-old skilled banker (whose place was as head of retail banking providers in a well-known business establishment offers him an opulent way of life, together with totally paid annual coaching overseas and free subscriptions for the adoption of social membership In Osogbo, this was the dialogue within the sudden useful path of Oyeebamiji induced on the time. They didn’t know that it was an supposed path, the founding father of White Inexperienced Farms, IKIRE, for himself: a solution to serve humanity and provides good management to his folks.

Because the Managing Director of Osun Funding Firm (Osicol) in 2012, nothing however his dedication to offer group service paid, as a result of the corporate’s operations have been half -monopoly. Nonetheless, upon assuming his place, the management of Oyebamiji started restructuring the entity, diversifying numerous business tasks corresponding to oil and fuel, and actual property, to extend state revenues, create wealth, and keep dependence on financial self. Inside 5 years, OSICOL has constructed greater than 40 residences of various sizes in Lagos and Abuja choice areas, in addition to an enormous gasoline retail station with 26 pumps/holes now constructed, which NNPC is now operating, to assist the state income base.

After proved his expertise normally financing, he was strongly beneficial to nominate the Finance Commissioner in Could 2017. Simply as he was appointed as head of Osikul, Oson State economic system was in an unstable place on account of debt burden. The state’s revenues fell to about 1.3 billion NONGAM monthly, in comparison with 6.3 billion month-to-month NONAR, forcing the federal government to resort to the fee funds of some civilian staff in June 2015. The scenario was so horrific that the state ranked thirty -sixth in monetary efficiency, a set of name for restoration.

Upon assuming his put up, Oyebamiji knew that as IGR decreased the person within the state in N1,378 in 2017, it was vital to switch the price range technology system and generate the state’s income to flee from disturbing monetary engineering. Take a practical have a look at the hole between the state’s revenues and its bills to seek out methods to fill the hole. He coordinated efforts to enhance the state’s money administration and scale back income leakage by the implementation of the person state treasury account (TSA). It’s also confirmed that the state is operating one account to switch it in IGR and Federal Transfers (FAAC and VAT). A number of months after his commissioner, the unofficial regime, which began in June 2015, stopped, and the state started paying the salaries fully.

His exemplary paved as a commissioner for the cradle of the way in which to reset him to the Alhaji Adegboyega Oyetola. Though the meager federal allocation and the face of two computer systems for Covid-19 and SARS issues, the state of Osun, underneath Oyetola, is paid salaries and pensions instantly and compensate for 97 billion nung of inherited money owed. In 2021, the state’s spending on worker prices grew by 27.91 %, and have become one of many first 5 states that totally implement the nationwide minimal nationwide wages. The state has additionally improved 102 % capital spending in comparison with the earlier 12 months, because it spent 37.9 % of its capital price range on training.

By the point when the Oyetola authorities resulted in 2022, IGR elevated the person from N1,378 in 2017 to five,185, and the state classification improved from 36 to 11. Ombo, as a monetary commissioner, proved that his contribution to reviving Osikul, which recorded a rise in virtually 1,000 % underneath his management, was not a girl.

Oyebamiji took his monetary creativity and constructive stance in the direction of the inner nationwide waterways (NIWA), the place the place of managing director and CEO is now. Since his appointment in October 2023, NIWA has turn out to be simpler, bettering operations and decreasing accidents and deaths within the waterways in Nigeria by 30 % in 2024. On the equal footing in 2024, NIWA transformed N2.6 billion N2.6 in uniform income funds 91 % of the groups stuffed with element in 2024, as Senator Wasiu confirmed. Eshilokun (Chairman of the Senate Committee in Maritime Transport), displays the perfect Oyebamiji management.

Sadly, Oson will not be good luck to be a centered, emotional and steady chief who deserves him. A pacesetter will put sooner or later brighter, extra affluent and extra rewarding. Though a big increase was acquired within the federal allocation, the state was unable to offer the fundamental wants of individuals. Residents are nonetheless combating starvation, financial difficulties, and the shortage of fundamental facilities as a result of the present management doesn’t successfully use assets. OSUN wants an skilled, specialised and emotional ruler, and most significantly, is dedicated to creating the assets owed to folks. Ombo completely matches this profile, and Oson’s folks won’t remorse selecting him as a pacesetter in 2026 as a result of he embodies the beliefs of an actual chief with the human face.