Oyo state to promote investment in Nigeria

Gov. Abiola Ajimobi of Oyo State  has said his administration  would   support the  Nigeria Investment Promotion Commission(NIPC) in its efforts at promoting investment in  the country.

The governor said this   in Ibadan  while receiving  a delegation of the  NIPC  in his office.

The  NIPC delegation was led by  Yewande Sadiku,  the commission’s  Executive Secretary and Chief Executive Officer.

Ajimobi, who  said the state would offer  support to the commission  whenever it  was needed, added that Oyo has  all the  requirements to be a centre  of business opportunities in Nigeria.

He stated that the latest effort of his administration was to make the state a hub of industrial activities in  the country.

“We  recently established a Free Trade Zone and an industrial park around it to promote investment aimed at turning the state into an industrial hub of the nation”.

“The efforts  were targeted at China as a country, because we believe that the Asians, especially the Chinese,  have value for human dignity and respect for labour.”

“This is against the European’s style of robotic technology which derides  human life,” he said.

He said  that  the state government had secured the assurances of  154 Chinese investors, adding that  seven had already commenced work in the Free Trade Zone.

Ajimobi also  stated that the ranking of the state by the National Bureau of Statistics (NBS) as one of the first five investor-friendly states   in Nigeria from its   24th position in 2014 was a manifestation of his administration’s commitment.

Earlier, Sadiku said that NIPC would soon commence a programme on “Domestic Direct Investment’’ to encourage local investment.

She stated that the programme was aimed at encouraging Nigerians to invest in the country.

Sadiku expressed the commission’s readiness to work closely with state governments, adding the agency was responsible for encouraging, promoting and coordinating investments in  the country.

We are in this state to support your administration in its drive for investment promotion and industrialisation. We are seriously working hard to encourage Nigerians to  invest in their own country,’’ she said.

She stated that the commission would in October hold a summit in Abuja to bring together stakeholders in the country on the need to drive local businesses and make Nigerians invest more in their own  country.

“I want to inform your Excellency that we have come to serve and  we cannot fully achieve our mandate without working closely with the states.”

“We have worked closely with Development Agenda of Western Nigeria (DAWN) Commission on a National Investment Certification for south west states.”

“Our mandate is to promote investment locally and support whatever attempts at making Nigerians locate their investments in Nigeria, to drive job opportunities and maximise growth,” she said.