The Central Council of Ibadan Indigenes has said that Ibadan holds strong potential to evolve into a major economic hub in Nigeria if its resources and opportunities are fully harnessed.
Speaking at a press briefing held at Ibadan House in Oke Aremo, the President-General of CCII, Ajeniyi Ajewole, noted that unlocking the city’s economic capacity would not only create jobs for young people but also significantly improve internally generated revenue in Oyo State.
“Ibadan has what it takes to become a leading economic centre in Nigeria,” Ajewole said. “If we properly harness these opportunities, we can create employment for our youths and boost the state’s revenue base.”
He explained that the forthcoming 2026 Ibadan Cultural Festival is designed to go beyond cultural celebration by strengthening unity among residents and promoting economic activities across the city.
According to him, the event will also recognise notable Nigerians who have contributed to national development and the growth of Ibadan. Those selected for honours include George Akume, Ishaq Oloyede, Abdulfatai Buhari and Adesola Ajayi.
Ajewole said, “These individuals have distinguished themselves in service and have contributed to the development of Ibadan in various ways. It is important that we celebrate such excellence.”
He added that the festival serves as a platform to showcase the city’s cultural heritage while positioning it as an attractive destination for tourism and investment.
“Our goal is to celebrate our history and honour our heroes. Ibadan was founded by warriors, and their legacy remains a source of pride,” he said.
“We are also using this festival to invite indigenes in the diaspora to reconnect with home and contribute to its growth.”
Activities lined up for the festival include religious services, medical outreach, youth programmes, a talent hunt, cultural displays, and business events. The grand finale is scheduled to take place at the Lekan Salami Sports Complex.
Chairman of the planning committee, Gbolagade Akere, expressed confidence that the festival would boost tourism and attract investment into the city.
“This festival is not just about culture; it is about development,” Akere said. “It will help position Ibadan as a destination for investors and visitors alike.”
He also commended individuals and organisations that have supported the initiative over the years and called for increased participation to sustain the city’s development efforts.
