Oyo: We Handle Investors With ‘Dispatch’, Makinde Says At Cairo Business Fair

Governor Seyi Makinde of Oyo state says his government has done all on its part to attract investors to the state.

The state governor made this known at the 2023 Intra-Africa Trade Fair in Cairo, Egypt.

According to him, the problem of insecurity has been tackled to ensure that businesses are taking place in a safe environment.

The state helmsman, according to a statement signed by his Chief Press Secretary, Sulaimon Olanrewaju, said the administration has invested massively to ensure that the state is attractive to local and foreign investors.

Makinde said, “The major issue that investors may be afraid of, is having a safe and secure environment; I think we have almost passed that hurdle in Oyo State. We are one of the safest states in the country.

“We have invested massively in security, and in terms of a responsive government, I came from a private sector background, and I was able to let the investors know that they are coming to a state where government business is handled with dispatch.”

The governor also took part in the signing of an agreement with the African Export-Import Bank and Access Bank to enable Oyo State and other states in Nigeria to have access to an N500 billion facility for infrastructure development.

According to the National Bureau of Statistics, NBS, the state attracted $3 million in foreign direct investment, FDI, in 2022.