Oyo to improve agric through foreign investment

Posted by News Express | 28 August 2015 | 2,349 times

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The Oyo State Governor, Abiola Ajimobi, has said investors in the agricultural sector must bring a lot of value capable of truly transforming agric to a major income earner which can be sustained in a diversified economy.

Governor Ajimobi made this remark in his office when a group of South African investors paid him a visit to forge new partnership, especially in the agricultural sector.

The leader of the team, Mr. Tommie Snyman, in his presentation, said they are in the state to bring expertise, experience and funds to promote agric and all allied sectors, as they have done in many African countries.

The governor expressed his delight for the group’s interest in the state, adding that Oyo remains largely agrarian,with very interesting offers for interested investors.

Ajimobi further maintained that any investor coming to the state must bring lots of value addition to the table, and will be reciprocated by economy friendly incentives.

The leaders of the South African team also explained that some of their manufactured products already control almost 80 per cent of the African market.

The facilitator of the meeting, Bar. Dipo Ilara explained that the parley was aimed at bringing foreign direct investment and lots of employment opportunities for residents of Oyo and neighboring states.

Meanwhile, a committee of experts from both the side of government and AFGRI will draft modalities of an effective working relationship in coming weeks.

•Photo shows Gov. Ajimobi

 


Source: News Express

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