Adeleke Explains Activation of Osun Security Trust Fund, Announces ₦300m State Contribution

Governor Ademola Adeleke has explained the rationale behind activating the Osun State Security Trust Fund, citing rising insecurity and limited public financing as key drivers for the initiative.

Speaking at the official launch in Osogbo, the governor announced an initial contribution of ₦300 million from the state government to support the fund, which is structured as a public-private partnership aimed at strengthening security infrastructure.

The event also saw a major private sector contribution, as billionaire businessman Deji Adeleke donated ₦500 million to the initiative, alongside additional pledges from corporate organisations and stakeholders.

Governor Adeleke noted that the trust fund would provide sustainable financing for modern security systems, including the establishment of a central Situation Room equipped with real-time CCTV surveillance, as well as the procurement of operational tools for security agencies.

He further disclosed plans to deploy refurbished armoured personnel carriers and new patrol vehicles to enhance the operational capacity of security forces, reaffirming his administration’s commitment to maintaining peace across the state.

The governor criticised the previous administration of Gboyega Oyetola for abandoning the initiative, stating that the enabling law for the trust fund had existed for years before its recent activation.

According to him, several Nigerian states have successfully implemented similar security funding models, and Osun’s adoption is both necessary and overdue given the current security climate.

Secretary to the State Government, Teslim Igbalaye, who serves as deputy chairman of the trust fund, also commended the governor for reviving the initiative, noting that it reflects a strategic approach to addressing security challenges through collaboration.

The governor called on private sector players, financial institutions, development partners, and citizens of Osun State to support the fund, assuring transparency, accountability, and due process in its management.