Oyo Government And Spanish Consortium To Build Industrial Estate

The Oyo State Government is in talks with a Spanish Investment Consortium, towards the creation of an Industrial Estate on 1,400 acres of land in the state.

The estate, which would comprise all facilities, is expected to explore and expand the abundant business opportunities in the state.

The state Commissioner for Trade, Industry, Investment and Cooperatives, Ademola Ojo, made this known on Wednesday, while playing host to the Spanish team led by Mr. Ricardo Serrdno.

Ojo said Governor Seyi Makinde’s government had created a business-friendly environment and improved the ease of doing business in the state, noting that the state was ready to partner with investors in expanding the business potentials, as it is blessed with abundant human and mineral deposits.

He stressed that the idea was birthed at a summit held in Spain, which also had in attendance the state Chief of Staff and Mr. Ricardo Serrdno, where he visited a similar world class Industrial Estate, and it was agreed that the Business Hub would be replicated in Africa, Oyo State precisely, by the group.

The commissioner noted that the Oyo State Investment and Public Private Partnership Agency (OYSIPA) would look into other critical issues, such as the sharing formula and benefits accruable to the state government.

Ojo disclosed that the discussion with the team had allayed some of his worries which are the issue of proof of fund, ability to implement successfully and concerns for the Micro, Small and Medium Entrepreneurs (MSMEs) in the state.

In his response, Mr Ricardo Serrdno said there was the need to draw out the preliminary master plan and organise how to break down the plots of lands into industries, access roads, car parks, e.t.c.

He stated that part of the development plan would also take into cognisance the construction, establish perimeter survey, power plan for generation of sustainable solar system with roof solar panels or siting the panel in another acquired plots of land which is considered to be more efficient, reliable and cheaper.

Olusola Akintonde