2021 INVESTMENT SUMMIT: OGUN TARGETS INFRASTRUCTURE, OTHERS
The Ogun State Government has revealed that the upcoming 2021 Investment Summit will focus on Infrastructure, Power, Transportation, Agriculture and Education among others, to maximise the vast economic potentials and broaden its capital base.
Commissioner for Budget and Planning and the Chairman of the Technical Working Committee of the Summit, Mr. Olaoluwa Olabimtan made this known at the second Pre-Investment Roadshow, as part of the programme towards successful hosting of the Summit with the theme: ‘Ogun Becoming Africa's Model for Industrial and Logistic Hub’ and scheduled for July 13 and 14.
Olabimtan said the Prince Dapo Abiodun-led administration was committed to making Ogun the fastest growing economy in Nigeria, adding that the roadshow was a way of inviting and sensitising prospective investors, as well as members of the public on the expectations and opportunities the summit would offer.
“The key economic goals of this administration for the summit are based on increased investments in the real sector, job creation, food security, poverty eradication, in order to let the world know that it was time for action and full-scale business opportunities in the State”, he said.
The Commissioner highlighted some key policy thrusts put in place to include Land and Tax reforms, which had addressed bottlenecks in land acquisition and development without a third party and adequately tackled multiplicity of taxes.
“Other policy thrusts are housing, governance, agricultural and industrialisation policies, among others with a feasible Public Private Partnership arrangement to facilitate proper structure for businesses and engagement”, Olabimtan added.
Contributing, Commissioner for Industry, Trade and Investment, Mrs. Kikelomo Longe, said the Summit would avail both local and foreign investors, the opportunity to interact and network, noting that government had designed six Economic Development Clusters in strategic areas in Abeokuta, Remo, Ijebu, Atan-Agbara-Ota, Magboro and Imeko-Afon/Ayetoro, to deliver large scale legacy infrastructure projects.
On Agriculture, Longe said the state has enormous land for primary agriculture and agro processing, urging investors to key into cassava and rice cultivation processing, agro forestry restoration reserves, poultry, diary and meat processing.
On his part, the Director-General, Office of the Public Private Partnership, Mr. Dapo Oduwole encouraged investors to see opportunities in establishing Independent Power and Gas transmission sites in strategic locations, saying huge opportunities abound in establishing new estates and cities, malls and shopping centres, as well as recreational facilities.
Odunayo Ogunleye & Olawaseun Craig,
Press officers Min. of Budget and Planning & Min of Finance
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