Oyo, Spanish Consortium Strike Deal On New Industrial Hub

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The Oyo State Government is poised to ink a partnership with a Spanish Investment Consortium to establish an Industrial Estate on 1,400 acres of land in the state.

The state government, in a press statement by the Commissioner for Information, Prince Dotun Oyelade on Wednesday, noted that the estate which will contain state-of-the-artfacilities, will explore and expand the abundant business opportunities in Oyo State.

Commissioner for Trade, Industry, Investment and Cooperatives, Hon Ademola Ojo hosted the Spanish team led by Mr. Ricardo Serrdno.

Ojo said the Governor Seyi Makinde government has created a business-friendly environment and improved the ease of doing business in the state.

He added that the state was ready to partner with investors in expanding its business potentials, having been blessed with abundant human and mineral deposits.

Ojo stressed that the idea was birthed at a summit held in Spain, which had in attendance the Chief of Staff to the governor and Mr. Serrdno.

He said when he visited a similar world-class Industrial Estate, it was agreed that the business hub would be replicated in Oyo State to serve the whole of Africa.

The commissioner stated that the Oyo State Investment and Public Private Partnership Agency (OYSIPA) would look into other critical issues such as the sharing formula and benefits accruable to the State Government.

He said the discussion with the team had allayed some of his worries which is the issue of proof of fund, ability to implement successfully and concerns for the micro, small and medium Entrepreneurs (MSMEs) in the state.

Oyo State Government officials and the Spanish consortium executives…visiting the acres of land earmarked for the proposed industrial hub

Responding, Mr. Serrdno stated the need to draw out the preliminary master plan and organize how to break down the plots of lands into industries, access roads, car parks e.t.c.

He said part of the development plan will also take into cognisance the construction, establish perimeter survey, power plan for generation of sustainable solar system with roof solar panels or siting the panel in another acquired plots of land which is considered to be more efficient, reliable and cheaper.

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