Osun govt set to launch security trust fund

The Osun State Government has announced plans to launch a Security Trust Fund as part of efforts to strengthen safety and support sustainable development across the state.

Speaking at a press conference ahead of the launch, Chairman of the Media and Publicity Committee, Kunle Adepoju, described the initiative as a strategic step towards enhancing security, stability and economic growth in Osun.

He stressed that security remains the foundation of development, noting that no meaningful progress can be achieved in an unsafe environment.

“The Osun State Security Trust Fund is not just a financial mechanism; it is a platform for partnership,” Adepoju said. “It brings together government, the private sector, development partners and well-meaning individuals to pool resources and support security agencies with the tools they need to perform effectively.”

He explained that the fund would focus on addressing critical gaps in security operations, including the provision of modern equipment, technology, training, logistics and improved intelligence gathering.

Adepoju added that the initiative marks the beginning of a sustained effort to build a safer state.

“This launch is not the end, but the beginning of a continuous process. Together, we can create a secure Osun where families live without fear, businesses thrive and young people can pursue their aspirations,” he said.

Also speaking, Secretary of the Implementation Committee, Barrister Femi Oyedipe, noted that funding security infrastructure requires collective responsibility, as governments alone may not have the capacity to meet all demands.

He said the initiative is anchored on a public-private partnership model designed to mobilise resources for security operations.

According to him, Governor Ademola Adeleke has taken deliberate steps to ensure the success of the project, describing it as part of broader efforts to improve security architecture in the state.

Oyedipe also pointed out that the concept of a security trust fund is not new in Nigeria, citing Lagos State as a pioneer.

He disclosed that a governing board comprising key stakeholders has been constituted to oversee the fund and ensure transparency in its operations.

“The idea is that whenever there is a need for infrastructure or support within the security sector, requests will be channelled through the appropriate authorities and presented to the board for prompt action,” he said.

The planned launch is expected to bring together stakeholders from across sectors as the state intensifies efforts to strengthen its security framework.