Osun woos United Arab Emirates to Boost Agriculture, Economy

By December 17, 2018 Investment News

Osun State Government has offered to provide special incentives to investors willing to invest into the state economy.

Governor Isiaka Gboyega Oyetola made the pledge at the weekend when he paid visit to the Ambassador of United Arab Emirates (UAE) in Nigeria, Fahad Al Taffaq in Abuja.

Governor Oyetola told the envoy that Osun has gold in abundance and that the state is willing to partner with investors especially from UAE to see that the gold deposit translates to the economic advantage of the state and its people.

He also called for support in the area of agriculture because Osun State is an agrarian state.

He told the envoy that the state “is a centre of commerce with a lot of infrastructure where access to land by investors is unrestrained because of the Land Bank policy in place”

He explained that no community would disturb an investor because the government warehouses portions of land for investment with the Land Bank policy.

The governor said power is stable in the state especially in the capital city which has an average 16-hour daily supply; he said the access to the rail can ensure easy transportation of goods from the state to Iddo Terminus in Lagos for export through the ports in Lagos.

Oyetola said that the state government is determined to work out special incentives for investors willing to come to the state.

The governor said: “We need countries that can facilitate our agriculture plan part of which is the establishment of farming settlements in each of the nine federal constituencies.”

He added: “I see the great importance of technology in agriculture. We need support in this area.”

Responding, Fahad Al Taffaq expressed the willingness of the UAE to partner with Osun saying majoritg of gold in his country comes from Nigeria.

He explained that a deal will be worked out expressing desire to host Governor Oyetola at 2019 Dubai Investment Forum, the biggest investment event in Dubai and attended by major investors worldwide.

He also promised to support the state’s dry sea port, its agriculture development plans and to explore “further ways to support the state in the short, medium and long term.”

Al Taffaq promised to visit the state next month to assess its economic advantages, adding: “we want to see how we can add value to our peoples.”

The envoy said 30 businessmen from UAE would be visiting Nigeria and explained that the biggest business between Nigeria and UAE is in gold trade.

In a related development, Governor Oyetola durkng a meeting with Bangladeshi High Commissioner Mr. Md Shameen Ahsan, at the Osun State House (Awolowo House), reiterated his readiness to receive investors into the state with full support and incentives awaiting them.

Bangladesh is an agrarian country which exports food to many of its neighbouring countries.

The envoy promised to follow up on the discussions.

 

Source: Today