A call has been made for the expansion of the economy of Oyo State through foreign and local investors.
Making this call on Thursday was the Oyo-Ile Investors’ Forum, a Non-Governmental Organisation comprising a network of investors from across the globe.
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The NGO noted that Oyo State has made a significant mark within the spate of two years in economic growth. According to the group, the state is currently the fourth richest in the country.
For further progress, the Oyo-Ile Forum urged genuine investors to collaborate with the Forum in its bid to leapfrog the state’s economy.
Participants at the second edition of the Oyo-Ile Investors’ Forum said that joining hands with the state government would fast-track the expansion of the economy of the state.
The Chairman of the Forum, Yinka Owodunni, said the economic growth being witnessed in Oyo is as a result of the vision and initiatives of the current administration in the state.
He noted that the Forum, which has about 100 members, had executed projects worth about N100billion in the state.
Owodunni said, “Investors must be prepared. Oyo State Government is turning the state into a true commercial and industrial hub.
“The state government has created an enabling environment for businesses to thrive using key indicators of economic expansion such as the Lagos-Ibadan expressway expansion; the ongoing construction of Ibadan mordern terminals; and implementation of various infrastructural projects across the state.”
The state’s Commissioner for Public Works and Transport, Prof. Daud Shangodoyin, said in his address on the occasion that notable infrastructural development projects had been executed by the present administration within two years.
Shangodoyin, who said that the state’s economy is being driven on four-point agenda of education, health, security and expansion of the state’s economy through agriculture value chain, noted that “Embedded in the strides towards actualisation of the above stated agenda are many infrastructural development.
“A good number of the infrastructural development had been carried out within the past two years while many are still underway.”
