Ogun State Governor, Ibikunle Amosun
Governor Ibikunle Amosun of Ogun State says a self-sustaining economy through increase in industrialisation and wealth creation was the solution to the dwindling Federal Government allocation.
He added that his administration was set to increase the industrial base of the state by creating more jobs for the youth to reduce unemployment, as well as making the Ogun economy a self-sustaining one.
The governor, according to a statement on Tuesday, said this while receiving the management of West Africa Cotton, a subsidiary of Tropical Group Investment, in his office in Abeokuta, the state capital.
It was learnt that the firm planned to invest in full scale agricultural value chain in the state.
The governor said, “With the dwindling federal allocation, we need to do more to sustain the economy of the state. I am one of those that never believed in waiting for the federal allocation to run the state.
“We are increasing our industrial base towards a self-sustaining economy. The government will drive its economy through increased industrialisation, wealth and job creation for the teeming youths in the state.
“I know that the way to go is to be self-sustaining, create wealth and employ youths by creating employment opportunities.”
Amosun assured the investors of the total support of its administration, noting that the relationship between the state and any investor would be mutually beneficial.
He pointed out that Ogun was strategically located, as it had a firm-targeted audience for investors.
He urged WACOT to invest round the state, assuring that the state also had vast economic potential for business due to its proximity to many neighbouring West African countries.
Chairman of TGI, Mr. Jerome Shogbon, said the firm had an investment of over N5bn with about 30,000 direct employment.
He said, “We are set to widen our scope of operation in the state by exploring the agricultural value chain through poultry farming, milling, food processing and chemical extractions.”
Shogbon added that the management company was fascinated by the commitment of the Amosun led-administration in providing favourable industrial ambiance for investors.
Source: punch
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