The Osun State government has announced plans to launch a security trust fund.

Mr Kunle Adepoju, chairman of the media and publicity implementation committee of the fund, said at a news conference in Oshogbo on Tuesday that the initiative is designed to enhance security across the state.

Mr Adepoju described security as the foundation upon which meaningful development is built.

He said the trust fund would be formally launched on April 23.

Mr Adepoju said, “We are here to formally unveil plans for the State Security Trust Fund. This is an initiative designed by Governor Ademola Adeleke to strengthen our security architecture through collaboration, innovation, and shared responsibility.

“Without security, businesses cannot thrive, communities cannot flourish, and citizens cannot live with confidence.

“While the government has the primary responsibility to ensure safety, the realities of our time demand a broader, more inclusive approach. This trust fund embodies that approach.” 

He explained that the platform would bring together government, the private sector, development partners, and individuals to pool resources and support security agencies.

“From modern equipment and technology to training, logistics, and intelligence gathering, this initiative is designed to address critical gaps and enhance operational efficiency,” he said.

He added that transparency and accountability would be the guiding principles of the fund, while urging stakeholders to support the initiative.

Also speaking, the Secretary of the Implementation Committee, Femi Oyedipe, said no government could single-handedly fund its security apparatus.

“Funding security is one of the most expensive responsibilities of government.

“The essence of the trust fund is to promote public-private partnerships in financing security.

“A board comprising critical stakeholders has already been constituted,” he said.

Mr Oyedipe added that the fund would focus on developing infrastructure within the security sector.

(NAN)