Osun State Governor, Adegboyega Oyetola, has expressed the administration’s readiness to continue to open up business opportunities, attract investments and create more wealth for the state. Oyetola spoke at the 2019 Osun State Facts Behind the Economy at the Nigerian Stock Exchange (NSE) in Lagos.
He explained that the administration was poised to expand the size of the state by focusing on inclusiveness, diversification and sustainable growth. According to him, his administration has placed priority on diversifying income sources by putting right structures in place to sustain development.
“We want to open up another opportunity which has existed before but declined due to fall in oil price and other factors. “We are ready to revitalise it in order to alleviate Lagos congestion and traffic to propel nation’s economic growth.”
He said as part of its efforts to reposition Osun state and give it a platform, his administration had adopted a nine-year developmental plan, from 2019 to 2028. According to him, the plan, which is anchored on four pillars, will help the state achieve full potential, especially in the areas of infrastructure development and investment inflow.
Oyetola said that the four pillars were economic development, infrasturcture, human capital development and security as well as environmental sustainability. Earlier, in his opening speech, Mr Oscar Onyema, NSE Cheif Executive Officer, applauded the governor’s leadership and efforts at revitalising the education, mining, agriculture, textile and tourism sectors in the state.
Onyema said that the NSE platform was geared at attracting investors toward all the sectors of the economy, whilst catering for small, medium and large businesses represented on the various boards of the Exchange. “Your passion for excellence, dedication to promoting the people of the state and revitalising moribund projects across the state has been recognised globally.
“We specifically commend the state government on the execution of a partnership agreement with the Federal Government to develop gold mining potential to improve internally generated revenues (IGR) and ramp up jobs creation opportunities. “Indeed, the IGR drive has yielded significant results for the N1.47 trillion state economy,” Onyema said. He said that Osun generated over N10.2 billion in revenue in the first half of 2019 alone, according to data from the National Bureau of Statistics.