Ibadan Set to Become Nigeria’s Economic Hub
Agenyi Ajewole, Chairman of the Central Council of Ibadan Indigenous Peoples, announced on Wednesday that Ibadan, the capital city of Oyo State, holds the potential to become Nigeria’s leading economic engine. He emphasized that effectively harnessing this potential could generate employment opportunities for the youth, significantly boosting the state’s internal revenue.
Festival to Highlight Cultural Unity
Ajewole made these remarks during a press conference previewing the grand finale of the 2026 Ibadan Cultural Festival. Scheduled to take place at Ibadan House, Oke Aremo, in the Ibadan North Local Government Area, the festival promises to be more than just a cultural event; it aims to foster unity among both indigenous peoples and local residents.
Recognition for Distinguished Nigerians
The Secretary-General of the CCII announced that four exemplary Nigerians have been shortlisted for prestigious awards at the festival’s grand finale. The honorees include George Acme, Secretary to the Government of the Federation; Ishaq Oloyede, the Registrar of the Joint Admissions and Matriculation Board; Senator Abdulfatai Buhari, representing Oyo North; and Mr. Adesola Ajayi, Vice Chancellor of Abiola Ajimobi University of Technology.
Acknowledging Contributions to the City
Ajewole explained that the selection of these individuals was based on their significant contributions to human service and the progress of Ibadan, demonstrating a commitment to the city’s development through their respective endeavors.
Promoting Economic Opportunities Through Heritage
The festival is designed not only to celebrate the rich cultural heritage of Ibadan but also to attract tourists and showcase the city as a center for economic opportunity. Ajewole stated, “Ibadan, being the capital of the southwest of Nigeria, has the capacity to emerge as a major economic force. Harnessing that potential will create employment opportunities for our youth and significantly increase the state’s internal revenue.”
Encouraging Participation from the Diaspora
Furthermore, the festival serves as a platform for Ibadan’s diaspora to return, witness the city’s developments, and actively contribute to its economic growth. The annual celebration stimulates various economic activities, including trade, arts and crafts production, and tourism-related businesses, all vital for local development.
Diverse Activities Leading Up to the Finale
With the grand finale set for Saturday, April 18, 2026, at the Lekan Salami Sports Complex in Adamasingba, festival organizers have announced a robust lineup of activities. These include Jumat services, medical aid distribution, church thanksgiving events, talent development programs, youth conferences, stage plays, beauty pageants, business dinners, and significant processions.
Fostering Local Talent and Corporate Support
A highlight of this year’s festival will be the Ibadan Roni Fuji Talent Show, which aims to showcase local Fuji music artists. The grand finale will also feature a parade of member clubs and awards for outstanding groups, complemented by musical performances from the festival’s brand ambassadors.
Growing Corporate Engagement
This year marks a notable increase in corporate participation, with First City Monument Bank stepping in as the headline sponsor. Planning Commission Chairman Gboragade Akere expressed hope that the festival would not only preserve Ibadan’s cultural heritage but also elevate the city as a key tourism and investment destination within Nigeria. He thanked families, individuals, and organizations that have supported the festival over the years and urged others to view the event as an opportunity to contribute to Ibadan’s growth.
