IBADAN – The Oyo State Executive Council under the administration of Engr. Seyi Makinde has approved a series of strategic projects and investments aimed at boosting agriculture, healthcare, transportation, industrialization and sports development across the state, with a ₦3 billion interest-free intervention loan for an indigenous cassava processing factory in Ado-Awaye topping the list.
The decisions were reached during the State Executive Council meeting held on Wednesday, July 15, 2026.
The Council approved an interest-free loan of ₦3 billion for the indigenous cassava processing factory located in Ado-Awaye, a move expected to strengthen the state’s agricultural value chain and reinforce Oyo’s position as one of Nigeria’s leading cassava-producing states.
According to the government, the intervention will benefit more than 25,000 cassava farmers, create employment opportunities, stimulate rural economic activities and increase the production of cassava flour and other value-added products.
In another major approval, the Council sanctioned an additional ₦2.462 billion as government equity investment towards the commissioning and commencement of commercial operations at Oyo Sugar and Derivatives Industries Limited in Iseyin. The approval follows an earlier equity investment of ₦850 million released by the state government to facilitate the revitalisation and completion of the sugar processing factory.
The Executive Council also approved the construction of the 4-kilometre Idi-Igba/Akinmorin Road in Ilora, Afijio Local Government Area, at a cost of ₦2.901 billion. The government said the project is expected to improve road connectivity, promote economic activities and accelerate socio-economic development within the benefiting communities.
To further enhance aviation infrastructure, the Council approved an additional ₦26.768 billion for the ongoing upgrade of the Samuel Ladoke Akintola Airport, Ibadan. The approval covers revised engineering works, including the construction of a 140-metre runway strip, runway safety area, blast pad, additional pipe covers and other ancillary facilities required to meet operational standards.
In the health sector, the Council approved the implementation of the Healthcare Initiative Project, which will be financed through a €55 million French loan guaranteed by the Federal Government.
The project will provide for the modular construction and equipping of modern healthcare facilities, including a Cardiac Centre, Emergency and Maternity Centres, Operating Theatres and Intensive Care Units (ICUs). It also includes the procurement of 39 ambulances, establishment of 10 dental centres, upgrading of 200 Primary Healthcare Centres, and the provision of emergency and maternity facilities in hospitals across Igboora, Ogbomoso, Oyo, Moniya, Kishi, Iseyin, Okeho and Eruwa.
The Council also approved an initial take-off grant of ₦200 million for Shooting Stars Sports Club (3SC) to strengthen the club’s campaign for continental success, as the Oluyole Warriors seek to reclaim continental honours after a 27-year wait.
The approvals, according to the state government, reflect Governor Seyi Makinde’s commitment to driving economic growth, improving public infrastructure, strengthening healthcare delivery, supporting agriculture and industries, and repositioning Oyo State for sustainable development.