The influx of investments and investors into Oyo State over the last few years has been attributed to a series of business-friendly policies and an enabling environment put in place by Governor 'Seyi Makinde, reports ITREALMS.
Adebisi stated that the massive expansion witnessed by the state's economy was as a result of these policies, including ease of doing business, building infrastructure that targets the economy, and ensuring that bureaucratic bottlenecks do not encumber the establishment of businesses in the state.
The Commissioner highlighted the achievements of his Ministry during a session of the Omituntun 2.0 Inter-Ministerial Briefing held at the Governor's Briefing Room, Secretariat, Agodi, Ibadan. He noted that the state's policies have attracted five African countries, including Rwanda, to agree on trade deals with the state.
Adebisi reaffirmed the commitment of the government to providing more infrastructure and implementing policies that further aid the ease of doing business. He also highlighted the efforts of his Ministry in strengthening the cooperatives sector in the state, with 7,865 functioning cooperative societies registered across the state.
The Commissioner noted that his Ministry has also excelled in promoting trades and investments, and has resuscitated industrial parks, embarked on the redevelopment of complexes, and put in all the right efforts to ensure the state's involvement with the African Continental Free Trade Area (AfCFTA) brings the right benefits to the state and its people.
A press statement available to ITREALMS and signed by the Special Adviser (Media) to Oyo State Governor, Dr. Sulaimon Olanrewaju, quoted Adebisi as expressing thanks to Governor Makinde for the opportunity to contribute to the achievements of Omituntun 2.0 and reaffirmed the Ministry's commitment to promoting economic and industrial growth in the state.
According to Dr. Olanrewaju, Adebisi said, "I want to thank His Excellency, the governor of Oyo State for this good opportunity given to me and my team to contribute our own quota to the achievements of Omituntun 2.0."
The Commissioner further highlighted the Ministry's vision to be the engine for the promotion of economic and industrial growth in the state. He stated that the Ministry's goal is to enable Oyo State to rank among the best investment destinations for trade, industry, and cooperatives.
Adebisi also noted that the Ministry has been working to improve the Internally Generated Revenue profile of the state, encourage enterprise through the development of micro, small, and medium enterprises incentives, and facilitate the collection and analysis of data to facilitate economic development in the areas of trade, industry, and cooperatives.
The impact of the state's policies on the economy has been significant. The ease of doing business has encouraged many investors to set up businesses in the state, creating jobs and stimulating economic growth.
The state's involvement with the AfCFTA has also opened up new opportunities for trade and investment. The Ministry has been working to ensure that the state's products meet the required standards for export, and has launched several initiatives to promote value-added products.
The Commissioner expressed optimism that the state's economy would continue to grow and thrive, thanks to the government's business-friendly policies and the Ministry's efforts to promote trade and investment.
Remmy Nweke/DoP
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