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Tuesday, November 29, 2022

‘Ondo attracts N65b investments in agric sector’

The enabling environment and other attractive incentives put in place for local and foreign investors will set Ondo State on the path of economic breakthrough.

The State Governor, Arakunrin Oluwarotimi Akeredolu made this known while declaring open, the maiden edition of Ondo Development and Economic Summit ( ODES ) held at Ondo Civic Center,  in Ondo City.

Represented by his Deputy, Lucky Aiyedatiwa, the governor said his administration had attracted an investment value of overN65 billion in the agricultural sector.

The well attended event was organized by Ondo State Performance and Project Monitoring Implementation Unit ( PPIMU ) in conjunction with Hessanac Consulting and Ondo Community ( Eki Investments ).

According to the Governor, “when we came on board in 2017, we received the mandate to run the affairs of the State with much enthusiasm and concerns” .

“Concern in terms of how to transform the State from the level we met it to an enviable height of sustainable economic growth” , he disclosed.

Akeredolu said his administration put several platforms in place to coordinate the economic, infrastructural and industrial growth of the State.

“The platforms include, Ondo Development and Investment and Promotion Agency ( ONDIPA ), Ondo State Agribusiness Empowerment Center ( OSAEC ), Ondo Entrepreneurship Agency ( ONDEA ) and several others” .

He said the State’s highly developed Human Capital, mineral resources, fertile Agricultural land, relative security and more importantly, the hospitable nature of it’s citizens and residents has made some private investors to chose the state as choice destination for their investments.

The Governor disclosed that several companies has keyed into the State’s Red Gold Initiative Programme designed for resurgence in Palm Oil product development.

Governor Akeredolu also spoke on plans by his administration to further open up the State for more investments and social activities .

He disclosed that the State was vigorously pursuing projects such as Deep Sea Port Development, Bitumen exploration, Roads Construction, Housing Development, Sugarcane to Ethanol Project, Free Trade Zones Development, Commercial Fishing Project, Transport and Logistics Hub, UCT Development etc .

The Governor applauded Ondo community for their self help projects in Ondo city.

In his own remarks, the Osemawe of Ondo Kingdom, Oba ( Dr )  Victor  Kiladejo submitted that government alone cannot do all the developmental projects as he appealed to the people of his kingdom to take advantage of the new initiative ( ODES ) to achieve the community’s development agenda.


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