Osun Investment Summit Yielding Dividends – Commissioner

No fewer than nine Memoranda of Understanding (MoUs) have been signed by the Osun State government with investors after the Osun State Industrial Investment Summit held in September 2024.

The state commissioner for commerce and industry, Reverend Bunmi Jenyo who dropped the hint during a programme tagged; ‘Newspoint’, a personality interview programme of the Correspondents’ Chapel of the Nigeria Union of Journalists (NUJ), Osun State council in Osogbo said more investors had shown interest to invest in the state.

The commissioner disclosed that that Osun State government was committed to revamping the moribund cocoa processing firm located in Ede and the Dagbolu International Market in Olorunda local government council of the state.

He attributed one of the hiccups inhibiting the resuscitation of the cocoa processing industry to the alleged breach of agreement between the immediate past government and a Chinese firm.

According to him, the facility was also vandalised and razed by hoodlums during the 2020 EndSARS protest due to the storage of food palliatives and other essential commodities in its warehouses by the previous administration.

Commenting on the Osun Free Trade Zone, Jenyo further disclosed that essential social amenities, such as hospitals and security posts, will be provided for the benefit of the people, stressing that “there will be special security architecture to guarantee safety in our Free Trade Zone.”

He expressed satisfaction that his ministry is a leading ministry in the generation of revenue to the covers of Osun State government adding that the ministry will not relent in its commitment to the delivery of dividends of democracy to Osun residents.