Makinde Woos Investors In UK, Wants Oyo To Run Without Federal Allocation

Governor Makinde spoke at the Oyo State International Business Summit with the theme, “Accessing the Pioneer Advantage to Sustainable Investment in Oyo State” in London, United Kingdom, on Friday.

The governor while speaking to LEADERSHIP said he wanted Oyo State to stop monthly trip to the nation’s capital to beg for financial aid from the federal government while calling on the international corporate world and individuals to invest in the Southwestern State of Nigeria. “What we are doing here today is to bring in key actors in agribusiness, solid minerals and mining, tourism, sustainable energy, and infrastructure sectors, to discuss the investment opportunities in these areas through private investment ventures, public private partnership and public-private-development partnership model in our Oyo State.

“We want to stop the monthly trip to Abuja for federal allocations, we want Oyo State to be a state that can run with zero federal allocation, so that is the main reason for the summit. I am excited about the people and to see a lot of potential and the energy in the room, I am very sure we will harness it.

“We have linked all the major zones in Oyo State with a viable road network and have invested heavily in security to ensure that you are safe wherever you choose to locate your business within the borders of Oyo State. This has led to us growing our economy from N2.75trillion in 2019 to N4.05 trillion as of Q3 2022 without increasing taxes. In the same period, we increased our Internally Generated Revenue by over 90%,” Makinde explained.

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