Gov Akeredolu Woos Investors To Ondo State

By Ayodele Oni

Ondo State Governor, Mr Rotimi Akeredolu, has extended invitation to investors to come and invest in the State.

In a statement on Monday by his Chief Press Secretary, Mr Richard Olatunde, in Akure, the Governor stated that Government partnership with the private sector would guarantee development.

The Governor, who attended the Nigerian Diaspora Direct Investment Summit (NDDIS) on Friday at the Balmoral Hall, Holiday Inn, London, UK, showcased the various potentialities in the State to the potential investors at the event.

“In view of dwindling global and national revenue base and the effect of COVID-19 pandemic on national and sub-national economies, the need for development partners has never been more urgent and crucial than now.

“It is in view of this that our administration set up the Ondo State Development and Investment Promotion Agency (ONDIPA) to seek development partners in the private sector and across international communities.”

Governor Akeredolu pointed that development could only be achieved through partnership with the private sector, saying that no government could drive development alone.

He said that the State has the largest scale production of Cocoa, Oil Palm, Cassava, Rubber, Maize, Cashew Nuts, Kolanut and Yam due to its rich vegetation.

“We are richly blessed with varied and favourable climatic conditions with vegetation ranging from mangrove swamps to Southern coastal riverine areas through the rain forest of the midlands to derived Savannah in the Northern part of the State suitable for cattle grazing.

“The Southern part of the State is home to some of the most exotic timber in Nigeria and forest resources like teak, milinea and other indigenous trees species dot the landscape.”

The Governor emphasized the State has 75 kilometres of continuous Atlantic Ocean Coastline, which he said would support his administration’s proposed Deep Sea Port and the blue economy.

According to him, the presence of a large deposit and variety of fish offer remarkable opportunities for potential investors.