• About Us
  • Advertise
The Hope Newspaper
Advertisement
  • Home
  • News
  • Metro
  • Editorial
  • Entertainment
  • Education
  • Politics
  • Health
  • Features
  • Sports
No Result
View All Result
  • Home
  • News
  • Metro
  • Editorial
  • Entertainment
  • Education
  • Politics
  • Health
  • Features
  • Sports
No Result
View All Result
The Hope Newspaper
No Result
View All Result
  • Home
  • News
  • Metro
  • Editorial
  • Entertainment
  • Education
  • Politics
  • Health
  • Features
  • Sports

Influx of industries excites ODSG

by The Hope
10th September 2018
in Features, News
0
ODSG

ODSG

By Olusola Alatise
|
The influx of investors establishing industries in Ondo State in recent times has excited the state government, even as the government has vowed not to rest on its oars.

The state Governor, Arakunrin Oluwarotimi Akeredolu, SAN, who expressed this during the weekend at the commissioning of a five-star hotel in Oba-Ile, affirmed that his administration through its investor, friendly policies has attracted several multi-billion naira investments into the state.

The Governor at the occasion noted that when the series of industries start operations rully in the state,  they will go a long way to boost the economic growth of the state.  He listed some of the new industries to include the N42 billion Egg Powder Plant under a Public Private Partnership (PPP) arrangement between the State and Greenfield Assets Limited located at Emure-Ile, near Owo which will provide 25,000 new jobs, a foreign exchange earnings of $1 billion in addition to  increased income for poultry farmers in Nigeria.

Related News

  • As Ondo set up digital vehicle inspection centres
  • Flood washes away two bridges in Oba Akoko
  • Akeredolu assures on Okeluse Ethanol Plant project
  • Road Accidents: Deaths Too Many
  • Rebuild family units to transform Nigeria – Minister

Other investments recently attracted to the state include the 65,000 million litres per annum biofuel plant in Okeluse and Ondo State Sunshine Ricemill located at Igbara-Oke in Ifedore Local Government Area of the state.

Others he said are N45b Housing Estate at Abo-Asakin in Akure North Local Government, signing of the Consultancy Services Agreement between Ondo State Government and Maritime and Transport Business Solutions, MTBS, Ltd. of Netherlands, for the conduct and preparation of feasibility study and conceptual master plan design for the development of a multipurpose Deep SeaPort, signing of various MOUs on free trade zone, and the development of an Industrial City.  Flag-off of Araromi-Seaside-Epe-Lagos road..

In February this year, a rice factory was located at Igbara-Oke. There is no doubt about the fact that Akeredolu, SAN is prepared and clearheaded about his plans and agenda to transform the State and diversify its economy. This became more evident on Wednesday, 21st February, 2018 as the Governor flagged off the Sunshine Rice Mill/Plantation.

There was a re-appraised and reworked MoU between Africa Redcrest Nigeria Ltd and ODSG for the Establishment of Mass Rice Production of 37,500Mt of rice per annum and a Rice Mill, all with an estimated project value of N12,000,000,000 (Twelve Billion Naira Only).

ODSG holds 20 percent equity stake with two directors on Board for contributing 500 hectares of land beside Owena Dam Area, while Africa Redcrest Ltd is to own 80% of equity stake and five directors on Board for providing technical assistance, management and funding to the project.

He maintained that the project will in no small measure drive the economic growth of the state and by extension the nation, reduce unemployment and increase social cohesion.

He noted that his administration since inception in the state has been creating and enabling environment and good number of opportunities to attract investors to the state.

Share4TweetSendShareSend
Previous Post

As Ondo set up digital vehicle inspection centres

Next Post

Tell politicians the truth always, Akeredolu charges clerics

Next Post

Tell politicians the truth always, Akeredolu charges clerics

Why carbide ripening fruits are dangerous

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Why we mix hypo, detergents and potash with cassava – Fufu producers

2nd August 2019

Why big butt is the rave

9th March 2023

Can landlord increase rent unilaterally?

15th January 2023

Aquinas College students invent internet ‘improver’

12th November 2023

Woman’s dismembered body found in ‘Yahoo boy’s’ house in Ore

10th December 2023

Many hospitals are slaughter slabs -Investigation

10th December 2023

Trailer crushes 2 to death in Ekiti

10th December 2023

NPFL Matchday 13: Bendel Insurance defeat Sunshine Stars

10th December 2023

Recent News

Ondo’s fight against polio

10th December 2023
2

X-raying Nigerians apathy towards health insurance

10th December 2023
3

Complementing roles of museum to education

10th December 2023
0

Ekiti family members in fracas over reburial of father’s corpse

7th December 2023
14
The Hope Newspaper

Owena Press Limited, the publisher of The Hope Newspaper, is an Ondo State-based media organization with a vision to strengthen Nigeria’s democracy.

Follow Us

Browse by Category

  • Agric Tips
  • Agriculture
  • Aribigbola's Lines
  • Book review
  • Business
  • Business Tutor
  • Celebrity
  • Devotion
  • Editorial
  • Education
  • Entertainment
  • Fashion
  • Featured
  • Features
  • Feminine line
  • Finance
  • Financial news
  • For The Record
  • From The Court
  • General
  • Health
  • Health Benefits
  • Hope Classic
  • Hope Metro
  • In Our Neigbourhood
  • Interview
  • Legal Sense
  • Lifestyle
  • Main Bowl
  • Marketing
  • Medi Herb
  • Midweek Discourse
  • News
  • Peoples' Parliament
  • Politics
  • Reflections
  • Religion
  • Sports
  • Supplements
  • Think Along With Me
  • Viewpoint
  • Young World

Recent News

Woman’s dismembered body found in ‘Yahoo boy’s’ house in Ore

10th December 2023

Many hospitals are slaughter slabs -Investigation

10th December 2023

Trailer crushes 2 to death in Ekiti

10th December 2023

NPFL Matchday 13: Bendel Insurance defeat Sunshine Stars

10th December 2023
  • About Us
  • Advertise

© 2023 The Hope Newspaper

No Result
View All Result
  • Home
  • News
  • Metro
  • Editorial
  • Entertainment
  • Education
  • Politics
  • Health
  • Features
  • Sports

© 2023 The Hope Newspaper