August 23, 2019
Oyo State Government has started searching for partners to revamp moribund companies in the state.
Nigeria cashews, images by IT
The Executive Assistant to Governor Seyi Makinde on Investment Promotion and Public-Private Partnership, Mr Segun Ogunwuyi, disclosed this on Thursday when he visited most of the companies around the state.
Among the locations visited by Ogunwuyi and his team from the state’s Bureau of Investment Promotion and Public-Private Partnership were Pacesetter Asphalt and Quarry Plant, Ijaye, Ibadan; Agbowo Shopping Complex; and Nigeria Marble Mining Company, Igbeti.
He also visited Eruwa Cashew Farm Plantation, Eruwa; Cashew Nuts Processing Company, Eleyele; Oyo State Paper Mill Warehouse, Oluyole; Conpole Nigeria Ltd, Ibadan; Trans Motel, Jericho; Trans Wonderland (formerly Trans Amusement Park), Ibadan; and some manor houses in the state.
Ogunwuyi said the state governor had directed the bureau to assess the companies towards attracting investors to revamp the companies.
“This assessment exercise is as a result of a directive from the governor that we have to know their conditions so as to know how to shop for capable and efficient investors that can make a turn-around of these companies to yield profit for business, government revenue as well as provide multiple job opportunities.
“Most of these companies were created in the late 70s and early 80s by military administrations and the Bola Ige regime, but were later abandoned by successive governments till date. We cannot be paying lip service to the problem of low IGR and high unemployment when we have these assets wasting away. That is why the governor would rather partner with local and foreign investors to bring them back and have a new economic dawn in Oyo State,” he said.
Ademola Babalola, Ibadan
No comments:
Post a Comment