Otunba Bamidele Akingboye, the Social Democratic Party governorship candidate in the 2024 Ondo State election has died at the age of 60.
His Personal Assistant and Media Adviser, Oyeniyi Iwakun, confirmed that he passed away on Thursday at his residence in Victoria Garden City, Lagos. Born on April 2, 1964, Akingboye was a businessman, philanthropist & community leader.
He served as Chief Executive Officer of Benshore Maritime & Clog Oil Systems, as well as President of WeAfrica Group. He also held the traditional title of Olowomeye I of Ikaleland. He is survived by his wives, children, grandchildren & siblings. The family said burial arrangements will be announced later.
In his tribute, Ondo SDP Chairman, Ebenezer Akinbuli, described Akingboye as a visionary leader committed to service. “During his campaign, he shared his vision for a brighter Ondo State, anchored on good governance, social justice & sustainable development. His passion and leadership inspired many & his legacy will endure” Akinbuli said.
He stressed that the Federal Government has not borrowed from local banks since the beginning of the year, underscoring the impact of the improved fiscal position.
The Presidency further explained that the revenue surge has boosted allocations at the Federation Account Allocation Committee (FAAC), with disbursements to states and local governments exceeding ₦2 trillion in July for the first time in history.
This, it said, has provided subnational governments with greater resources to fund food security, infrastructure, and social services. It, however, admitted that despite the record revenue, allocations are still insufficient to meet the administration’s ambitions in education, health, and infrastructure.
Highlighting the shift away from oil dependency, the Presidency disclosed that non-oil revenues contributed ₦15.69 trillion of the total, accounting for three out of every four naira collected. While inflation and foreign exchange revaluation played a role, it said the growth was mainly reform-driven — through Customs automation, digitised filings, tighter enforcement, and expanded compliance.
His Personal Assistant and Media Adviser, Oyeniyi Iwakun, confirmed that he passed away on Thursday at his residence in Victoria Garden City, Lagos. Born on April 2, 1964, Akingboye was a businessman, philanthropist & community leader.
He served as Chief Executive Officer of Benshore Maritime & Clog Oil Systems, as well as President of WeAfrica Group. He also held the traditional title of Olowomeye I of Ikaleland. He is survived by his wives, children, grandchildren & siblings. The family said burial arrangements will be announced later.
In his tribute, Ondo SDP Chairman, Ebenezer Akinbuli, described Akingboye as a visionary leader committed to service. “During his campaign, he shared his vision for a brighter Ondo State, anchored on good governance, social justice & sustainable development. His passion and leadership inspired many & his legacy will endure” Akinbuli said.
He stressed that the Federal Government has not borrowed from local banks since the beginning of the year, underscoring the impact of the improved fiscal position.
The Presidency further explained that the revenue surge has boosted allocations at the Federation Account Allocation Committee (FAAC), with disbursements to states and local governments exceeding ₦2 trillion in July for the first time in history.
This, it said, has provided subnational governments with greater resources to fund food security, infrastructure, and social services. It, however, admitted that despite the record revenue, allocations are still insufficient to meet the administration’s ambitions in education, health, and infrastructure.
Highlighting the shift away from oil dependency, the Presidency disclosed that non-oil revenues contributed ₦15.69 trillion of the total, accounting for three out of every four naira collected. While inflation and foreign exchange revaluation played a role, it said the growth was mainly reform-driven — through Customs automation, digitised filings, tighter enforcement, and expanded compliance.
Otunba Bamidele Akingboye, the Social Democratic Party governorship candidate in the 2024 Ondo State election has died at the age of 60.
His Personal Assistant and Media Adviser, Oyeniyi Iwakun, confirmed that he passed away on Thursday at his residence in Victoria Garden City, Lagos. Born on April 2, 1964, Akingboye was a businessman, philanthropist & community leader.
He served as Chief Executive Officer of Benshore Maritime & Clog Oil Systems, as well as President of WeAfrica Group. He also held the traditional title of Olowomeye I of Ikaleland. He is survived by his wives, children, grandchildren & siblings. The family said burial arrangements will be announced later.
In his tribute, Ondo SDP Chairman, Ebenezer Akinbuli, described Akingboye as a visionary leader committed to service. “During his campaign, he shared his vision for a brighter Ondo State, anchored on good governance, social justice & sustainable development. His passion and leadership inspired many & his legacy will endure” Akinbuli said.
He stressed that the Federal Government has not borrowed from local banks since the beginning of the year, underscoring the impact of the improved fiscal position.
The Presidency further explained that the revenue surge has boosted allocations at the Federation Account Allocation Committee (FAAC), with disbursements to states and local governments exceeding ₦2 trillion in July for the first time in history.
This, it said, has provided subnational governments with greater resources to fund food security, infrastructure, and social services. It, however, admitted that despite the record revenue, allocations are still insufficient to meet the administration’s ambitions in education, health, and infrastructure.
Highlighting the shift away from oil dependency, the Presidency disclosed that non-oil revenues contributed ₦15.69 trillion of the total, accounting for three out of every four naira collected. While inflation and foreign exchange revaluation played a role, it said the growth was mainly reform-driven — through Customs automation, digitised filings, tighter enforcement, and expanded compliance.
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