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How Bloomberg’s $1m Award For Benin City Validates Okpebholo’s Vision For Urban Renewal

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By Patrick Akhere Ebojele

Benin City’s story has always been one of resilience, history, and reinvention. From its origins as the political and cultural heart of the ancient Benin Empire, the cradle of black civilisation, to its modern role as the capital of Edo State, the heartbeat of Nigeria, the city has consistently demonstrated an ability to evolve with the times. Just now, that evolution is taking a bold new shape as global recognition meets local transformation.

When Bloomberg Philanthropies announced weekend that Benin City is one of the global winners of the prestigious Bloomberg Mayor’s Challenge, awarding the city $1 million for urban innovation, for many, it is more than a ceremonial accolade. It represents an international validation of a vision that the Akpakorescue Governor Monday Okpebholo has been steadily pursuing — the transformation of Benin City into a modern, efficient, and globally competitive urban centre.

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Worldwide, the Bloomberg Mayor’s Challenge is regarded as one of the most competitive global platforms for cities seeking innovative solutions to urban problems. It is on record that out of over 600 cities worldwide, only 25 cities across 20 countries made the final list. In the African continent Benin City emerged as one of only four cities to secure a place among the winners. For this historic Nigerian city often defined by its past glory, the award signals a decisive shift toward a future anchored in innovation, infrastructure, and improved public services.

But a few will disagree that for decades, Benin City faced the same pressures confronting many rapidly expanding African urban centres: heavy traffic congestion, ageing infrastructure, rapid population growth, and the challenge of balancing historical preservation with modernization. In the last few months, this narrative has begun to change, driven by a deliberate strategy of urban renewal championed by Governor Monday Okpebholo.

Central to this transformation are key infrastructure projects that are gradually redefining the city’s landscape. Among them are the strategically designed flyovers at Ramat Park and Sapele Road, projects conceived not merely as road expansions but as long-term solutions to mobility and economic efficiency in the city.

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READ ALSO:2027: Okpebholo Directs Appointees With Ambition To Resign

Ramat Park has historically been one of the busiest intersections in Benin City. For years, motorists endured frustrating delays, with traffic gridlocks stretching for kilometres during peak hours. Commuters often spent over forty minutes navigating a junction that should ordinarily take minutes to cross. The construction of the Ramat Park flyover is designed to permanently resolve that challenge, ensuring smooth vehicular movement and drastically reducing travel time.

Beyond easing traffic congestion, the flyover represents a broader vision of urban planning that recognizes mobility as the backbone of economic productivity. Efficient transportation systems enable businesses to move goods faster, reduce operational costs, and improve access for workers and consumers alike.

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Similarly, the Sapele Road flyover project addresses another strategic corridor that connects Benin City to neighbouring communities and commercial routes. Sapele Road serves as a vital economic artery, linking industrial and residential zones while facilitating intercity trade. For years, persistent congestion along the route slowed commerce and increased transportation costs for businesses operating in the area.

Governor Okpebholo’s intervention through the construction of a modern flyover is expected to unlock the economic potential of the corridor, improving connectivity while encouraging investment along the route. Infrastructure experts note that projects like these often trigger a ripple effect across local economies, attracting new businesses, boosting property values, and enhancing urban mobility.

Yet what distinguishes Benin City’s transformation is not simply the scale of infrastructure development, but the strategic thinking behind it. The city’s success in the Bloomberg Mayor’s Challenge reflects a broader governance philosophy that prioritizes innovation, sustainability, and inclusive growth.

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READ ALSO:Benin City Wins $1 million Global Innovation Prize In Bloomberg Mayor’s Challenge

The award recognizes cities that propose creative and practical solutions to urban challenges. In Benin City’s case, the focus on healthcare innovation played a crucial role in securing the global recognition. Through forward-looking initiatives in public health management and service delivery, the city demonstrated that technology, strategic planning, and strong leadership can significantly improve access to healthcare.

Governor Okpebholo emphasized this point while reacting to the international recognition.

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“This recognition is a testament to innovation, resilience, and the unwavering commitment of our team to transform healthcare delivery in Edo State. It reinforces that bold ideas from Benin City can compete — and win — on the global stage,” the governor said.

The governor further congratulated the Edo State Ministry of Health and the team responsible for developing the initiative that earned the city the prestigious global recognition.

He noted that the award reflects the growing reputation of Edo State as a hub for progressive governance, innovation, and impactful public sector reforms.

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Equally important is the broader economic impact of the administration’s infrastructure agenda. Already, areas surrounding major construction projects have begun to experience increased commercial activity. Property developers and investors are paying closer attention to the city, encouraged by visible improvements in urban infrastructure.

READ ALSO:You’ve Laid Foundation For Tinubu’s Re-election, Wike Tells Okpebholo

Business owners also report that improved road networks and traffic flow are gradually enhancing logistics efficiency, reducing transportation delays, and improving the overall business environment.

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Infrastructure development has also provided significant employment opportunities. During construction phases alone, hundreds of skilled and unskilled workers have been engaged, generating economic activity and providing income for many households.

The governor’s urban renewal strategy has also strengthened investor confidence. In recent months, several local and international companies have shown renewed interest in exploring investment opportunities in Benin City, citing improved infrastructure and a stable governance environment.

This pattern reflects a well-known development model: when governments invest in strategic infrastructure, the private sector often follows. Roads, bridges, and modern transportation systems create the foundation upon which industries, commerce, and innovation flourish.

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The $1 million Bloomberg award further strengthens this momentum. Beyond the financial value of the prize, the global recognition places Benin City within an elite network of cities recognized for bold and innovative urban solutions.

For policymakers and urban planners, the award offers both validation and opportunity. It confirms that the city’s approach to governance and development is aligned with international best practices while also providing resources to expand and refine innovative initiatives.

READ ALSO:Okpebholo Charges Edo Civil Servants On Discipline, Teamwork

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Critics who initially questioned the scale and cost of the administration’s infrastructure investments are increasingly confronted with the tangible results now visible across the city. The ongoing construction at Ramat Park and Sapele Road stands as a powerful demonstration of how vision can translate into real development when backed by political will and strategic planning.

Importantly, modernization efforts have not ignored the cultural identity that defines Benin City. Governor Okpebholo’s administration has emphasized the preservation of historical landmarks and heritage sites that reflect the city’s centuries-old civilization.

This delicate balance between preservation and progress remains crucial. Benin City’s cultural heritage — from its historic palaces to its traditional institutions — forms the foundation of its identity. Sustainable development must therefore integrate modern infrastructure with cultural continuity.

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As the transformation continues, the synergy between international recognition through the Bloomberg Mayor’s Challenge and local action through infrastructure development is creating a powerful momentum for change.

Benin City is gradually redefining itself — not merely as a historic capital of an ancient kingdom, but as a modern African metropolis capable of innovation, competitiveness, and sustainable growth.

Governor Okpebholo captured this optimism while addressing the people of Edo State following the announcement of the award.

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“Congratulations to my hardworking team and to the great people of Edo State. The world is watching, and we are just getting started,” he said.

Indeed, the journey of Benin City’s renaissance is still unfolding. But with strategic leadership, international recognition, and a determined citizenry, the city appears poised to reclaim its historic reputation — not only as a centre of cultural greatness, but also as a beacon of modern urban progress in Nigeria and beyond.

Dr Patrick Akhere Ebojele, PhD is the Chief Press Secretary to the Edo State Governor Senator Monday Okpebbholo

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Six Corps Members Receive N10m Grants To Boost Agribusiness

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Six members of the National Youth Service Corps (NYSC) have received a total of N10 million in grants to expand their agribusiness ventures under the Farmers for the Future Programme.

The programme was organised on Monday by the British American Tobacco Nigeria Foundation (BATNF) in collaboration with the NYSC to encourage young Nigerians to embrace agriculture and develop sustainable businesses.

Presenting the cheques to the beneficiaries in Abuja, the NYSC Director-General, Brigadier General Olakunle Nafiu, urged Corps members to maximise the opportunities provided by the service year by venturing into commodity marketing and other viable businesses.

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Nafiu said agribusiness remained a viable avenue for young people to build sustainable enterprises, create employment and generate wealth.

READ ALSO: NYSC Swears In 1,600 Corps Members In Bauchi

He also stressed the importance of value addition to the success and sustainability of business ventures, while commending BATNF for placing Nigerian youths at the centre of its entrepreneurship initiatives through value-chain development, employment creation and its partnership with the NYSC.

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“I charge you to spread the news around. We have seen the outcome, and it is a good idea,” he said.

The beneficiaries are Dominic Olufemi (FC/25C/1143), who received N3 million; Temitope Adewole (ED/26A/2251), N2 million; Abdulwaheed Bala (ED/25B/1402), N2 million; Olanike Mayungbe (OG/26B/1037), N1 million; Kingsley Udoeyen (KG/26A/1735), N1 million; and Lorember Lorsue (JG/25B/1742), N1 million.

Speaking on the selection process, the Acting Director, Skills Acquisition and Entrepreneurship Development (SAED), Mrs Winifred Shopeka, said the programme began with an online registration portal through which Corps Members engaged in agribusiness submitted their business plans.

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READ ALSO: NCCSALW Deploys NYSC Members In Fight Against Illegal Arms In Northeast

She said nearly 3,000 Corps members applied and underwent a rigorous selection process that produced 20 finalists.

According to her, the finalists participated in a boot camp and a final pitching session, which produced the 10 best presenters before the six ultimate winners were selected.

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Shopeka said the beneficiaries had also been mentored and attached to established market operators to assist them in marketing their products.

She added that Corps Members who did not make the final stage of the competition were also trained by BATNF.

The BATNF Team Lead, Mr Oludare Odusanya, congratulated the beneficiaries and urged Corps Members engaged in agribusiness to master the fundamentals and acquire the knowledge and skills necessary to succeed.

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“We are happy with our collaboration with the NYSC, and it will continue,” he said.

READ ALSO: NYSC Lauds Gov. Mohammed’s Intervention In Fence Collapse

Odusanya explained that BATNF was an independent organisation established to contribute to poverty reduction in Nigeria through sustainable agricultural practices and other interventions.

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He said the Farmers for the Future Programme was instituted in collaboration with the NYSC to encourage Corps Members to venture into agribusiness and become job creators.

He added that the beneficiaries would be attached to mentors who would guide them towards achieving success in their respective businesses.

According to him, the programme has, since its inception, continued to enhance the entrepreneurial capacity of Corps Members.

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CBN Reduces Interest Rate To 23%

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The Central Bank of Nigeria (CBN) on Tuesday announced the reduction of the interest rate, also known as Monetary Policy Rate (MPR) to 23 percent.

Briefing the media in Abuja, the Governor of the CBN, Mr. Olayemi Cardoso, said at the 307th MPC meeting held on September 22, 2026 agreed the resetting of the MPR and recaliberation of the monetary policy market.

According to Cardoso, the committe is satisfied with the disinflation progress, adding that members noted stable banking sector following successful recapitalisation.

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READ ALSO: CBN Monetary Tightening Worsening Nigeria’s N50tn Development Finance Gap – Group

Meanwhile, according to Nigerian Tribune, reports that that the MPC, at its 306th meeting in July 2026, disclosed its resolution to retain the interets at 26.5 percent.

According to the Governor of the CBN, Olayemi Cardoso, “the Committee’s decision to maintain the current policy stance followed a thorough assessment of the balance of risks. Although headline inflation moderated marginally in June 2026, global uncertainties have heightened, due mainly to the renewed hostilities in the Middle East.

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“In view of the evolving developments, maintaining a cautious monetary policy stance remains appropriate. In arriving at its decision, the Committee noted the recent resurgence of hostilities in the Middle East, with particular attention to its spillover effects on global energy prices and the potential pass-through to domestic inflation.”

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NURTW: KWAM1 Settles Long-time Rift Between MC Oluomo, Tafa Sego

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Nigerian Fuji musician, Wasiu Ayinde Marshal, popularly known as KWAM1, has brokered a peace deal between the National Union of Road Transport Workers (NURTW) National President, Musiliu Akinsanya, popularly known as MC Oluomo, and the Lagos State Chairman of the union, Mustapha Adekunle, aka Tafa Sego.

The reconciliation took place at Ojusagbola in Ijebu, Ogun State, where several NURTW chieftains gathered for the meeting.

The development was announced on Tuesday on KWAM1’s digital media page on Instagram, alongside photographs from the meeting.

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According to the post, the two union leaders have resolved their differences after years of strained relations.

READ ALSO: Why FG Named KWAM 1 Aviation Security Ambassador — Keyamo

“After years of an age-long rift, MC Oluomo and Tafa Sego have finally settled their differences. And from what we know now, this is final,” the post said.

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The musician was said to have intervened as the Mayegun of Yorubaland, with the aim of bringing an end to the longstanding disagreement between the two NURTW figures.

“K1 acted in his role as the Mayegun of Yorubaland by seeking an end to the long-standing rift, once and for all,” it said.

The post also described the meeting as a significant step beyond previous public displays of reconciliation.

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READ ALSO: FG Gives KWAM 1 Aviation Appointment, After Airport Incident

“This time, it was not just another handshake for the cameras. The two old friends and colleagues came together at Ojusagbola, with King Wasiu Ayinde Marshal (K1) playing the peacemaker.”

Both MC Oluomo and Tafa Sego were reported to be pleased with the outcome of the intervention.

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“Both parties are delighted about the new development,” the post said.

The two men had previously been allies and prominent figures within the Lagos NURTW before their relationship became strained amid disagreements linked to leadership of the union in the state.

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