Revitalising OSOPADEC: The Need for Innovative Funding Strategies

By Ojo Dolire

Since the post-Agagu-led administration, a crippling bureaucratic bottleneck has impeded Ondo State Oil Producing Areas Development Commission, OSOPADEC’s funding, undermining its progress and eroding its previous achievements. However, it is impressive to see that the chairman of Commission, Prince Biyi Poroye, is making commendable strides in diversifying the Commission’s intervention strategies to meet its primary objectives.

In a December 2025 media chat, Poroye revealed a partnership with a reputable NGO, poised to translate into tangible projects soon. This move aligns with the notion that OSOPADEC, as a key player in addressing socio-economic challenges in the areas impacted by oil and gas activities, should seek long-term international donor support.

Our emphasis is that relying on the 13% derivation fund alone is insufficient, especially when compounded by a bureaucratic bottleneck; multiple capital paths are necessary for impactful interventions moving forward.

To achieve this, engaging advisors like PwC or Deloitte could be a game-changer, providing expertise in securing sustainable funding and driving development projects. This will ultimately enhance OSOPADEC’s impact in the region.

Moreover, fostering partnerships with local communities and stakeholders will be crucial in ensuring that the projects initiated align with the actual needs of the people. By prioritising community involvement, OSOPADEC can cultivate a sense of ownership among residents, leading to more sustainable outcomes.

It is essential that the Commission not only focuses on immediate financial solutions but also on empowering the local populace to take an active role in their development.

In conclusion, while OSOPADEC faces significant challenges, the proactive measures being undertaken by Prince Poroye signal a promising shift towards revitalising the Commission.

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With the right strategies and partnerships in place, there is potential for OSOPADEC to regain its footing and drive meaningful change in the communities it serves.

Ojo Dolire writes from Lagos, Nigeria.

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