Oyo to become investors’ haven by 2020 – Governor

Olubunmi Osoteku, Ibadan

Governor Seyi Makinde, Oyo state, South-West Nigeria.

Governor Seyi Makinde of Oyo State has vowed that the state would become a major investors’ destination in the country by the first quarter of 2020.

The Governor declared that the feat would be achieved with the recent partnership arrangement made between the Oyo State government and three major national development partners and agencies.

They include the Nigeria Investment Promotion Commission (NIPC), the Nigerian Maritime Administrative and Safety Agency (NIMASA) and the Development Agenda for Western Nigeria (DAWN) Commission.

Makinde made the revelation through his Executive Assistant on Investment Promotion and Public Private Partnership, PPP, Mr Segun Ogunwuyi, when he paid a courtesy call on some Federal government agencies in Ibadan, the state’s capital.

Ogunwuyi, a former member of the Federal House of Representatives, said Oyo State was positioned to benefit maximally from partnerships with the agencies, in its quest to revive moribund State industries and assets, in order to bring about a progressive commercial climate to the State.

He pointed out that the state could not wait to fast-track activities towards achieving financial independence through revitalization of state-owned industries that would soon be co-owned by private individuals and corporate bodies.

Ogunwuyi promised the Director General of the Commission, Seye Oyeleye, that the State was ready to key into the programmes of the DAWN Commission, with the aim of promoting investment in the State.

“We appreciate the DAWN Commission for her pivotal role in the region on integration and development. Oyo State is on board with InvestWest 2020. The administration of  His Excellency, Engr Seyi Makinde, is ready and open for investment, especially in the area of resuscitating the State’s moribund companies and assets through PPP,” Ogunwuyi noted

He disclosed that another area of interest the State is working on is to improve the business environment and make it more conducive, adding that the DAWN Commission has been active in that area at the regional level.

“We are interested in having functional investment promotion agencies backed by law in the Southwest, likewise the recreation of Dugbe as Central Business District (CBD) while maximizing the economic opportunities of the Lagos-Ibadan Railway project through the rail routes and stations,” the Executive Assistant stated.

The Director General, DAWN Commission, Seye Oyeleye, said the body was planning towards the Western Nigeria Investment Summit (Investwest) 2020, and called for collaboration from the State.

At the NIPC Office, the Head of the Ibadan Zone, Mr Lawal Hassan, appreciated the efforts of the State administration on revamping local industries, thereby promoting investment and employment opportunities.

“Investment promotion is expensive but required, in order to create wealth and job opportunities. The list of moribund companies will be needed for profiling by the Commission. Before long, the State will become the preferred destination for investors,” he added.

Peace PIAK