The Executive Assistant to the governor on Investment Promotion and Public Private Partnership, Hon. Segun Ogunwuyi, made this disclosure when he paid courtesy visits to the federal government agencies on Thursday at Ibadan, the state capital.

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

Speaking at the Ibadan office of DAWN Commission, the governor’s aide  pointed out that the State could not wait to fast track activities toward achieving financial independence through revitalization of State-owned industries that would soon be co-owned by private individuals and corporate bodies.

He promised the Director General of the Commission, Seye Oyeleye that the State was ready to key into the programmes of DAWN Commission for 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 moribund companies and assets through PPP.

“Other areas of interest the State is working on is to improve the business environment in Oyo State and make it more conducive. We know this is where DAWN Commission has being active at the Regional level.

“Also, we are interested in having a functional Investment promotion agencies backed by law in 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.”

Director General, DAWN Commission, Seye Oyeleye, while welcoming the entourage from the state government said the body was planning towards the Western Nigeria Investment Summit (Investwest) 2020 calling for collaboration from the State.

Oyeleye thanked the Executive Assistant and his team for deeming it necessary to visit the office, asking newly appointed cabinet members across the region to do same.

At the NIPC office, the head of the Ibadan zone, Mr Lawal Hassan appreciated the efforts of the State administration on revamping local industries and thereby promoting investments and employment opportunities.

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

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Africa disclosed this in Ibadan during a courtesy call on the Secretary to the Oyo State Government, Mr. Olalaken Alli.

The envoy explained that the visit was to explore partnership with Oyo State in the areas of Agriculture, mining, education, tourism, trade and investment, noting that South Africa has nine provinces in which each of this province has its economic profile that Oyo state can collaborate with for economic development.

In his remarks, the Secretary to the State Government, Mr. Olalekan Alli reiterated that the Ajimobi led administration is ready to partner with any individual, groups, state, country who wants to invest in the State in order to boost the economy of the State.

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Alli stated that the state was given a 4-Star rating as a Well Qualified State to help foreign and domestic investors by the Nigerian Investment Promotion Commission (NIPC) and adjudged as the 4th best investment friendly state and one of the only five states that attracted investment to the country in the last quarter of 2017 by the Nigeria Bureau of Statistics (NBS).

He noted further that the recent feats placed Oyo State as one of the safest and conducive states for doing business, stressing that the government is committed to industrialization.

The SSG reiterated that the establishment of the Free Trade Zone, Industrial Park and Technical University in the state was part of the present administration’s determination to make the state an industrial hub of the nation.

Mr. Alli noted that the state government is currently using agriculture as a platform of the state’s industrialization, adding that the state is now being seen as the centre of the industrial revolution.

He commended the South African Consulate for selecting Oyo state as the first beneficiary of its collaboration in Nigeria, promising that the opportunity would be fully and judiciously utilized.

At end of the visit, a working committee was inaugurated to facilitate the relationship within 14 days to fashion out a frame work on the relationship.

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