Category: Economy

Osun: Season of economic revolution is here – Oyetola Flags off Osun international trade centre, inland port in Dagbolu

…says govt committed to changing narrative of Osun from civil service state to commercial, industrial hub

The Governor of the State of Osun, Mr. Adegboyega Oyetola, has said that the State just entered  its season of economic revolution, following the flag-off of its International Trade Centre project.

He made this known on Thursday at the ground breaking of the Osun International Trade Centre. 

Just last week,  the governor flagged off  the Osun Ethanol Bio-Refinery Factory.

Inaugurating the International Trade Centre project, eight years after it was first initiated by the Ogbeni Rauf Aregbesola’s administration, Oyetola noted that the government is poised to transform the socioeconomic activities of Osun and open the State to the international community.

He said the state was committed to changing the narrative of Osun from being the civil service State to commercial and industrial based centre of the southwest zone.

Governor Oyetola noted that the need to embark on different developmental projects was part of efforts to rejuvenate the economy for the betterment of the state and good of the citizenry.

The International Trade Centre/Inland Port, a huge employment generator, will sit on 206 hectares and its components include an Inland Dry Port, an Industrial Hub, an International Trade Centre/Railway Platform, a Car Mart, a Mini Residential Development and a Storage Facilities/Warehouse, saying the project was central to the economic transformation of the State as it was designed to promote trade and commerce in the State and its environ.

He said the establishment of the international market would go a long way to facilitate rapid economic growth and development of the State, generate massive employment opportunities for the unemployed population and encourage massive production of agricultural produce, especially food crops.

Governor Oyetola added that the project when completed will reduce road mishaps through haulage of goods by rail and equally serve as a great asset for the State in particular and the country at large as great commercial frontiers would be opened.

“It is exciting that this project is seeing the light of day after its initiation eight years ago by the Ogbeni Rauf Aregbesola’s administration.    

“There is no doubt that the season of economic revolution is here. Exactly this day last week, precisely September 17, we performed the flag-off of Osun Ethanol Bio-Refinery Factory located in Ayekale. Today, we are in Dagbolu to perform another feat in the realisation of our promise to engender economic recovery and transformation in the State.

“As we indicated during the convocation of Economic and Investment Summit, collaboration with core international and local partners is one of our strategies for achieving economic transformation.

“This project is central to the economic transformation of the state. It is designed to promote trade and commerce in the state and its environ; make all goods, manufactured locally or imported, for which traders in the State and neighboring states hitherto had to travel to Lagos by road with its attendant risks to lives and properties, available in Osogbo at Lagos prices.

“I wish to reiterate the avowed commitment of this government to taking the State out of the woods in this period of economic downturn and make it commercial hub of the southwest.

“I want to assure all that we shall leave no stone unturned in providing the required enabling environment for business and commerce to thrive in the State. In that line, apart from what is happening here now, we are also into negotiations with other investors who are ready to site their companies at the State’s free trade zone and industrial parks. 

“By the time all those negotiations begin to manifest, we would have made a compelling statement about our promise to turn the fortune of the State around,” Oyetola affirmed.

The Speaker, Osun House of Assembly, Hon. Timothy Owoeye, applauded the administration of Governor Oyetola for diversifying the economy of the State to meet the desired results in spite of the present economic realities.

Owoeye who commended the initiative of establishing the Trade Centre in the State, expressed confidence in the ability of the present administration to take the State to enviable heights just as he appealed to the people to continue to support the government.

He assured the government of continued legislative support in the quest to turn around the socioeconomic fortunes of the State.

The Commissioner for Commerce, Cooperatives, Industry and Empowerment, Dr. Bode Olaonipekun, expressed gratitude to Governor Oyetola for continuously giving the State a facelift of development.

He disclosed that no fewer than twenty thousand trade and investment promoters have registered with the government. He added that the Trade Centre, when completed, has the capacity to host thousands of marketers and producers and as well provide jobs for over 10,000 unemployed population.

“It is a great opportunity for the State to have this kind of project. It’s opening the State’s frontiers of trade and development to the world,” he added.

The Chairman, Akbeeb Investment Limited, Chief Jumoke Ogunkeyede, commended the spirit of resilience and doggedness demonstrated by Governor Oyetola to forge ahead in implementing his campaign promises to the good people of the State.

Ogunkeyede noted that the company was motivated to partner the State in view of the readiness, determination and commitment of the State government to transforming the economy of the State.

He disclosed that the Trade Centre, when completed will play host to 50,000 traders in all kinds of product. He added: “It was the rare expression of Mr. Governor’s dedication and commitment to work even in the face of adversities that motivated Akbeeb Investment Limited to rise above its challenges and bounce back to work, hence the conceptualisation of the idea of  an international trade centre that would not only serve the people of the State but all other States within the Southwest of the country.”

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Osun to flag off International Trade Centre, Dagbolu Inland Dry Port Thursday

As part of its effort to transform business and commercial activities in the State of Osun, the Administration of Governor Adegboyega Oyetola will on Thursday 24th September, 2020 officially flag off the commencement of the International Trade Center Inland dry Port in Dagbolu along Ikirun road. The Trade Centre Dry Port which is a joint venture between the State Government and AKBEEB Investment Ltd is expected to be a Commercial ‘Hub for the south-west..

A release by the Commissioner for Commerce, Industry, Cooperatives and Empowerment, Dr. Bode Olaonipekun indicates that the International Trade Centre would be a great asset the State would have as great commercial frontiers would be opened.

According to the release, the ground- breaking ceremony of the commercial hub would come up by 10 o’clock in the morning at the Project site in Dagbolu along Ikirun road.

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U.S. Govt to partner Osun on Tourism Development

The Government of the United States of America through its Consulate in Lagos has expressed its readiness to partner with the government of the State of Osun to develop the State’s tourism sector.

The Consular General of the US Consulate in Lagos, Ms Claire Pierangelo said this on Tuesday when she and her team  visited the United Nations Educational, Scientific and Cultural Organisation (UNESCO) certified Osun Osogbo Groove situated in the heart of the state capital.  
Pierangelo who was conducted round the Groove by the State’s Commissioner for Tourism and Culture, Dr Adebisi Obawale, was marvelled by the trends of cultural displays at the groove, ranging from the history of Osogbo as narrated by the Osun Osogbo Groove Curator, Mr Fatai, to the cultural dance and Sango (God of thunder) display by the Osun Cultural Troupe.
The Commissioner who disclosed that the visit to the tourist site was part of the itinerary of Pierangelo and her team in the state, noted that the partnership was a good development that would boost the tourism sector and improve the State’s economy.
It would be recalled that the Consular General paid a courtesy call on Governor Adegboyega Oyetola on Monday at the Governor’s Office, where she lauded the State government’s commitment and unprecedented success in the Health sector.

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Economy: US govt lauds Osun on health intervention, pledges investment partnership

…as Oyetola reels out investment opportunities across sectors

The United States of America has commended the administration of Governor Adegboyega Oyetola of Osun State over its commitment to revitalise the State’s health sector.
The US government who described Osun as one of the few governments in Nigeria that had recorded unprecedented success in the implementation of Health Insurance Scheme, reiterated its readiness to partner the state in its efforts to rejuvenating its economy.
This is even as Governor Adegboyega Oyetola reeled out the investment opportunities for partnership across critical sectors of the State, which he described as key growth drivers.
Speaking during a courtesy visit on the governor on Monday, the Consul General of the US Consulate in Lagos, Ms. Claire Pierangelo, said the US was committed to strengthening the investment ties between it and Osun.
The US Consul General maintained that the collaboration with the state would go a long way to build a healthy economy for the state and open windows of investment and business opportunities for the US and Osun.
She said: “We are very glad to be here to have the opportunity to talk to you on the activities of the state and to be able to see the areas where we can strengthen cooperation and collaboration.
“In particular, I want to compliment you and your team on the efforts to revitalise the health sector. We are aware that Osun is one of the best states in the implementation of Health Insurance Scheme. We must congratulate the state on this feat particularly for being the mother for a programme around the country.
“We are here to register our intent to partner the state particularly in the areas of agriculture and school feeding programme and other areas that you feel the need for collaboration.
“We are glad to know that Osun is working hard already to bring investors into the state as this will help to fine tune our collaboration and cooperation. We are ready to strengthen the partnership ties in the education, tourism, technical and vocational sectors among others”, Pierangelo added.
Responding, Governor Oyetola commended the United States for its interest in and support for Osun State particularly in the areas of economic growth and development; governance and development; security cooperation among others. 
Oyetola who reeled out the successes recorded by his administration in the last one year, said the state is open to investment in all sectors.
“Our partnership with the US has dated several decades ago. US has been very supportive. I commend you for supporting us particularly in the areas of economic growth and development; governance and development; security cooperation among others. 
“Osun is happy to key into this very much beneficial partnership for development. We as a government, has been around for one year and two months and I am happy that you too recognised the so much efforts that we have made in the area of health. 
“We actually revitalised 332 health centres across the state. What this means is that, every ward has health centre to take care of the health needs of its people.
“We believe that what is important is to look at the basic health of the people particularly the vulnerable and once we take care of that, the issue of secondary and tertiary healthcare centres would have been properly taken care of.
“Our focus has always been to ensure that the people at the grassroots have access to healthcare, and that is why we have actually put in so much efforts to ensuring that is done. Our state is particularly very peaceful, we are very conscious of the need for security of lives and property of the people that is why we put in so much efforts that we are securing the environment. Our state is adjudged to be one of the best in term of security in the country today.”
The governor noted that the administration has sustained some social investment programmes inherited from the immediate past government such as the O’MEAL “where we feed pupils from primary one to four just as the state equally gives support for the elderly and vulnerable.”
“We have other social investment programmes for the people living with disabilities and the youths. These are some of the areas that we have actually done very well in the last one year.
“We have State Development Plan which is the basis of all we are doing. This is a clearly defined plan to which we build our policies and programmes. We are agrarian state and we believe that trying to enhance the capacity of our people to feed themselves, there is need to strengthen agriculture sector.
“We are working to supply our people required land for farming and investment. That is why we ensure that we have a land bank where people particularly the investors will have access to land. 
“We are equally looking at support on education. We are looking at the need to focus more on technical and vocational education because we believe that is the only way to go now as the conventional education does not give room for skill acquisition and since government can not hire most of the graduates, then, those with technical and vocational skills can be able to stand on their own.
“We did so much in ensuring we bring to bear the opportunities in the area of mining. Our state is blessed with many mineral resources and we are looking at partnership within and outside Nigeria to collaborate with investors to be able to maximize this opportunity to develop the state.
“Tourism is another area that we want partnership. We have several tourist sites. We are looking at a Public Private Partnership with any investor that could add value to some of the facilities that we have to develop to a world standard.
“We organised an Economic and Investment Summit where we invited potential investors to our state and it was perhaps one of the best ever in the country and we have seen the positive effect of that on the economy of the state as we have been receiving proposals from some of the investors that want to partner and do business with us.

“We are ready to partner with you. We have a very good business environment and we believe in the rule of law and we don’t renege on contract and agreement once signed. We keep to terms and conditions of business. We are supporting artisanal miners to ensure that our youths are engaged in mining. 

“Our state is one of the vocal states that are being used as pilot for  Presidential Artisanal Mining Initiative of the Federal Government. We have asked our youths to go into cooperative to actualise this, but we are looking for commercial mining to realise a very good return. Our gold has been adjudged as one of the best in Africa”, Oyetola added.

Other members of the US Consulate on delegation are: US Consulate Vice Consul, Ross Conroy; US Consulate Political Specialist, Arnold Abulime; US Consulate Agriculture Counsellor, Gerald Smith; US Consulate Agriculture Specialist, Inches Nzeka and USTDA Representative, Josh Egba.

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