Olubadan Signs Economic Blueprint to Transform Ibadan

The Olubadan of Ibadanland, Oba Rashidi Ladoja, has signed a comprehensive economic blueprint designed to guide investment, industrial development and economic transformation across Ibadanland.

The monarch signed the Olubadan Economic and Investment Committee’s blueprint on Monday, November 9, 2026, at the Olubadan Palace in Oke-Aremo, Ibadan North Local Government Area of Oyo State.

In a statement issued on Tuesday by his media aide, Chief Adeola Oloko, Ladoja expressed optimism that the long-awaited economic transformation of the ancient city would soon become a reality.

He described the document as a comprehensive economic charter that would provide a framework for planning and coordinating development programmes across critical sectors.

According to the monarch, the blueprint covers agriculture, mining, tourism, security and industrial development, with the objective of establishing a sustainable economic foundation for Ibadan.

He commended members of the committee for their efforts over the past year, expressing confidence that the framework would provide direction for the city’s economic future.

Ladoja constituted the Olubadan Economic and Investment Committee on October 23, 2025, to develop strategies for attracting investments and strengthening economic activities across Ibadanland.

The committee is chaired by former Minister of Industry, Chief Onikepo Akande, while former Head of the Civil Service of the Federation, Professor Dapo Afolabi, serves as co-chairman.

Speaking at the presentation, Akande expressed appreciation to the monarch for entrusting the committee with the responsibility, while Afolabi commended members for contributing their time, resources and expertise to the assignment.

Presenting the economic charter, Ambassador Akinremi Bolaji stressed that the successful implementation of the blueprint would require collective commitment and cooperation among stakeholders.

Among the dignitaries at the presentation were the Balogun of Ibadan, Oba Tajudeen Ajibola; Otun Balogun, Oba Kolawole Adegbola; Osi Olubadan, Oba Abiodun Kola-Daisi; and Osi Balogun, Oba Abiodun Azeez Agagagugu.

The Minister of Power, Mogaji Joseph Tegbe, was also among those present, alongside other members of the Olubadan-in-Council and the economic committee.

The signing marks a new phase in the committee’s assignment, with attention expected to shift towards translating the economic charter into practical investment programmes and development initiatives for Ibadanland.