We will make Oyo fastest growing economy in Nigeria — Makinde 




“Oyo State Governor, Engineer Seyi Makinde, said on Friday that the vision of his administration is to make Oyo state the fastest growing economy in Nigeria within a short while.

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The Governor, who stated this while addressing a two-day retreat  for members of his executive council and senior aides , said  that to achieve this end, his administration would leverage on agriculture value chain among others.

A statement by the Chief Press Secrwtary to the Governor, Mr. Taiwo Adisa quoted   the Governor as telling members of his cabinet at the retreat with the theme: “Taking Oyo State from Poverty to Prosperity (P2P),” held at the International Institute for Tropical Agriculture (IITA), Ibadan, that his government was looking towards resounding successes in the four key pillars of the administration.

The statement named the four pillars of the government as including Health, Education, Security and Economic expansion through Agricultural value chain.

The statement further quoted the Governor as saying that he was aware of the magnitude of the responsibility rested on him and that he could not let the people of Oyo State down.

That is why one of the two Executive Bills we have so far, transmitted to the Oyo State House of Assembly is the Oyo State Investment Promotion Agency Bill. The bill is to initiate, promote and facilitate investments in the state.

“Policies alone cannot drive growth; we need to decide where to direct investment that will stimulate growth.

Therefore, one of the sectors we will be leveraging is agriculture. I’m happy our Commissioner for Agriculture, Honourable Muyiwa Jacob Ojekunle, understands this vision and has made it his own. Already, we have entered into a public-private partnership (PPP) arrangement with agritech company, Farmcrowdy to start a three-year plan working with 50,000 farmers to boost agribusiness in Oyo State.

“We have inaugurated and received economic reports from Oyo Ile Investors’ Forum, a non-governmental organisation. Our Commissioner for Commerce, Adeniyi Adebisi, is going through their recommendations, and the next steps are the implementation of the recommendations advised by the Forum. I must add that their recommendations are targeted towards growth.

We agree that focusing on job creation, the integration of women into the real sector, taking practical steps towards increasing tax revenue and identification of potential investment opportunities will drive the economic development of Oyo State.

“Instead of increasing taxes, we will use technology and positive messages to get more people in the informal sectors to pay their taxes. When people see taxes used for their benefit, they are incentivised to pay,” the Governor said.

The Governor added that he was prepared to deliver on his vision for the state and bring about successes in the key sectors, saying: “Visions are spiritual, and they require mindfulness for a person to see them through. As our elders say, a dog does not eat the bone which is hung on its neck.  In all my reflections, I remain keenly aware of the magnitude of the responsibility that has been bestowed upon me. I cannot let the people of Oyo State down. So I must take care of this “bone” you have hung around my neck. I will deliver this vision.”

Speaking shortly after Governor Makinde’s presentation, the chairperson of First Bank of Nigeria, Dr Mrs. Ibukun Awosika, in a presentation entitled Accelerated Development, urged government functionaries in the state to be real change makers, noting that they could make or destroy whatever the government was trying to achieve in transforming the state.”

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