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Oyetola Issues Executive Order on Creation of New Agency

- Govt Secures Over $128m Agreements in Gold Mining, Rice Production, Others

By KAZEEM MOHAMMED

Governor of Osun, Gboyega Oyetola has issued an executive order establishing the Osun Investment Promotion Agency to open windows of opportunities for investments in the state.

He issued the order while declaring close, the three-day Osun Economic and Investment Summit, themed, ‘Pathway to Economic Development in the State of Osun’ at the Aurora Event Center, Osogbo on Thursday.

This is just as the government, through the summit secured $118million in principle for investment on gold mining around Ilesa and $10 million for the commencement of the Omoluabi Rice Production to start in year 2020 among other commitments by investors.

Issuing the order, the governor said it was meant to further demonstrate the government’s seriousness and commitment to ease of doing business in the state.

He said, the agency would be responsible for identifying investment opportunities to attract investors into the state.

According to him, the agency would also monitor investments, pursued investors, showcase the opportunities, serve as one-stop shop for investments, work out strategy for agreement, and mobilise Osun Indigenes in diaspora for investments in the state among others.

Noting that not less than 45 business-to-business and business-to-government investment engagement have been recorded at the summit within three days, he said his administration would follow up the deal actively.

According to him, the government is committed to providing all necessary support required to translate the discussions into reality.

“I wish to state unequivocally that I commit myself fully to working with all our valued investors and development partners to deliver on our lofty ideas.

“Just as we desired, a number of exciting informal and formal business discussions, have been birthed at this summit. Not less than 45 business-to-business and business-to-government of such formal conversations took place. We will be following up on these discussions, with a view to providing the necessary support required to translate it into reality.

“As part of efforts towards implementing the outcome of this Summit, I have just signed the Executive Order establishing the State’s Investment and Promotion Agency. This is to further demonstrate our seriousness and commitment to ease of doing business in our state” , the governor stressed.

He added that the government would strengthen all existing frameworks to protect businesses.

The Chief of Staff to the Governor and Chairman of the Summit Organising Committee, Charles Akinola said the gathering has created pathways for the state economic development, confirming that the governor has given an order to pursue all the business and investment engagements.

He said the government within the three-day summit secured $118million in principle for investment on gold mining around Ilesa and $10 million for the commencement of the Omoluabi Rice Production to start in year 2020 among other commitments by investors.

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