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Former Gov. Ajimobi Finally Buried amidst Tight Security

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From Bola Ogunlayi, Ibadan

After a delay in the final burial of the immediate past Governor of Oyo State late Isiaq Abiola Ajimobi, his remains has finally been buried at his GRA Oluyole  residence, Ibadan.

He died on Thursday, June 25 and would have been buried the next day according to Muslim rites if all things went well.

The burial had to be delayed due to issues between the Oyo State government and his immediate family on the burial site.

Time Nigeria Magazine reports that Ajimobi was buried some minutes after 10am putting to rest issues of his final resting place.

The remains was buried amid tight security provided by the Nigrria Police Oyo State  Command.

Fidau prayer was later offered at his Mosque, Abiola Ajimobi Central Mosque in Oke Ado area, Ibadan.

Selected Clerics led by the Chief Imam of Ibadanland Sheikh Agbotomokekere,Sheikh Ajani Bello and Azeez Akewugbagold were on hand to give him desired muslim prayers.

Few  other important personalities including Kano State Governor and In -Law, Abdulahi Ganduje,Oyo and Lagos State Deputy Governors, Engr Rauf Olaniyan, Obafemi Hamsat and Lagos Speaker, Mudashir Obasa etc attended the passage rite largely conducted in line with the Covid 19 protocols.

Others in attendance were, the deceased former Deputy Governor, Chief Moses Alake Adeyemo and Senator Teslim Folarin APC Gubernatorial candidate in the Oyo State last governorship election ,Adebayo Adelabu.

The State Police Command that drew a large number of its personnel to the Oluyole GRA,the epic centre of the burial said they acted on signals from Abuja.

 The State Police Public Relations Officer, SP Gbenga Fadeyi explained that they were ordered to ensure maintenance of law and order.

“Our presence was to ensure that hoodlums do not unleash terror on dignitaries at the occasion”, he states.

   

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About author
Time Nigeria is a modern and general interest Magazine with its Headquarters in Abuja. The Magazine has a remarkable difference in editorial philosophy and goals, it adheres strictly to the ethics of Journalism by using the finest ethos of the profession to promote peace among citizens; identifying and harnessing the nation’s vast resources; celebrating achievements of government agencies, individuals, groups and corporate organizations and above all, repositioning Nigeria for the needed growth and development. Time Nigeria gives emphasis to places and issues that have not been given adequate attention by others. The Magazine is national in outlook and is currently being read and patronized both in print and on our vibrant and active online platform (www.timenigeria.com).
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  By Chidi Nwafor  In October 2023, a Gulf sovereign wealth fund quietly closed a $2 billion allocation to global infrastructure, earmarked in part for emerging-market energy and transport assets. The announcement drew the usual applause: another sign, commentators said, that institutional capital was finally waking up to the infrastructure opportunity in the Global South. Eighteen months later, less than a tenth of that allocation had actually left the fund’s balance sheet. Not because the mandate had changed. Not because the fund had lost appetite. According to two people familiar with the portfolio, the constraint was simpler and more uncomfortable: there were not enough investable projects to put the money into. This is not a story about a reluctant investor. It is a story about capital that wants to move, cannot find enough places willing and able to receive it in a form it can underwrite, and quietly waits instead. Multiply that fund by the hundreds of pension schemes, sovereign wealth vehicles, commercial banks and infrastructure funds now carrying dedicated allocations for emerging-market infrastructure, and a pattern emerges that rarely makes it into a headline: the world is not short of capital for infrastructure. It has capital in historic abundance, sitting adjacent to a historic infrastructure gap, unable to cross the distance between the two. 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It is also, on close inspection, not what the evidence shows. Pension funds globally hold trillions in assets under management with explicit infrastructure allocations that remain structurally underweight, not because trustees have rejected the asset class but because deal flow meeting their risk and governance thresholds has not materialised at the pace their mandates assume. Sovereign wealth funds report the same pattern. Commercial banks with dedicated project finance desks describe pipelines that look full at the term-sheet stage and thin dramatically by financial close. Development finance institutions, whose entire purpose is to absorb risk that commercial capital will not, routinely report that their binding constraint is not capital adequacy but the volume of bankable transactions their teams can originate and structure in a given year. None of this fits the scarcity narrative. All of it fits a different one. Availability Is Not Deployability  Capital availability and capital deployability are not the same condition, and the conflation of the two is doing real damage to how the world thinks about the infrastructure gap. Availability asks whether money exists somewhere with a mandate that could, in principle, be pointed at infrastructure. Deployability asks something much narrower and much harder: whether a specific project, at a specific moment, has been engineered, structured, documented and de-risked to the point where an investment committee can approve it without exception. The first condition is met, overwhelmingly, across nearly every category of capital that matters to infrastructure. The second is met by only a small fraction of the projects competing for it. The result is a market that looks, from the outside, like a financing gap, and functions, from the inside, like a conversion problem: an abundance of capital on one side, an abundance of infrastructure need on the other, and an underbuilt set of mechanisms in between capable of turning one into the other at any meaningful scale. Where the Conversion Breaks  The break does not happen at the ends of the process. It happens in the middle, in the unglamorous sequence of work that turns a plausible concept into an instrument a fiduciary can sign. A promising transmission project needs a feasibility study rigorous enough to survive institutional scrutiny rather than optimistic enough to attract early interest. It needs offtake arrangements that hold up under real counterparty and currency risk, not the counterparty risk assumed in a base case. It needs environmental and social documentation calibrated to the standards of the institutions being asked to fund it, not the standards of the jurisdiction hosting it. It needs a legal and commercial structure that allocates risk in ways a commercial lender, not only a development financier, will accept. It needs a sponsor capable of executing what has been proposed, not merely capable of proposing it. 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