Ogun State Governor, Prince Dapo Abiodun has called on local and foreign investors to join the state’s on-going industrial revolution by investing in the state, saying that there were abundant opportunities which could be profitably harnessed.
Abiodun made the call during the celebration of the Ogun State Day at the 2020 Lagos International Trade Fair held at the Tafawa Balewa Square, Lagos.
Represented by the State Commissioner for Industry, Trade and Investment, Mrs. Kikelomo Longe, the governor stated that the present administration due to the need to increase inflow of investments into the state established the Public Private Partnership Office.
“We also established other relevant agencies to create enabling environment for businesses and Public-Private Partnerships to thrive.
“Ogun State is the industrial hub of Nigeria. We are determined to continue to be investors’ prefererred destination. We call on investors to come and partner with us. All the sectors of our State economy are open for partnership, ” the governor said.
Abiodun , while assuring investors of implementing more business-friendly policies , called on investors to tap into the various funding, infrastructural, human capital and other opportunities in the state.
He added that the government was constructing different roads and improving on its infrastructure while also facilitating capital for businesses adding the government would re-invigorate its joint venture with the Bank of Industry to boost Small and Medium Enterprises (SMEs).
The Permanent Secretary, Ministry of Industry, Trade and Investment, Mr. Olu. Ola. Aikulola who spoke on behalf of the commissioner said the present administration was addressing the challenges of power, road networks and other infrastructure to create enabling environment for businesses to flourish so as to ensure the state remained the industrial hub of the nation.
Longe also called on genuine investors to partner the state by investing in the gateway state, assuring that the government would not relent at improving the ease of doing business in the state.
The President, Lagos Chambers of Commerce and Industry (LCCI), Mrs. Toki Mabogunje , lauded the present administration in Ogun state for generating more Internally Generated Revenue ( IGR) than it’s income from the Federal Account Allocation Committee (FAAC) , describing it as a testament to the state’s fiscal responsibility and economic resilience.
Mabogunje added that Ogun state as the nation’s industrial capital of Nigeria as well as other states needed to tackle challenges inhibiting industrial development in the country .
He stressed that the low contribution of the manufacturing sector to the country’s Gross Domestic Product (GDP) showed that more needeed to be done to improve the sector.
She stressed that the LCCI was calling for the diversification of the Nigerian economy and improving value addition of non-oil products to enable the country recover faster from the negative impact of the Coronavirus pandemic.