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Thursday, 21 November 2019

Waoh! Day 2 of 3-Day Osun Economic Summit is Bigger and Better



With the commitment of the current State of Osun administration to putting the State of Osun on the path of sustainable economic growth and prosperity, led Mr. Gboyega Oyetola, Governor, State of Osun to initiate plans towards organizing an Economic Growth and Prosperity for the State.

The objectives of the summit, am,ong others are to present the economic roadmap of the State of the administration and showcase investment opportunities within the State to both national and international investors.

The summit holding at the Aurora Confrence and Event Centre. Osogbo, was declared open by Vice-President Yemi Osinbajo on Tuesday, 19th November, 2019 and entered its second session on Wednesday the 20th.



One is impressed by the huge participation and contributions of people, investors, policymakers, leaders of thought, government officials and monarchs since the Summit commenced.



The Day-2 of the summit focused on developing infrastructure to support Industrial Development and Economic Growth, how to leverage ICT and Innovation for Sustainable Development and how we can create jobs through Light manufacturing. It also featured  panel session on 'Developing Infrastructure to Support Industrial Devt. & Economic Growth, a plenary session on Unlocking Potentials in Culture, Tourism & Creative Economy for Sustainable Development featured Mr Tunde Kelani, Prof. Siyan Oyeweso, Mr Theo Lawson, Mr Wande Akinboboye.



The State was adjudged as one of the few states in Nigeria that have the potential that can accelerate industrial, commercial and infrastructural developments in Nigeria.

Osun was evaluated as a State with unique potential that spread across sectors and all spheres of human endeavours.

Speaking at the Day 2 Session of the Summit, the panelists which include the CEO Niger Delta Power Holding, Mr. Chiedu Ugbo; Stanbic IBTC China Coverage Manager, Mr. Zhou Bin; Country Director, Halcrow Infrastructures, Mr. Tomiwa Aregbesola; CEO, Chapel Hill Denham Group, Mr. Bolaji Balogun, and Mr. Nasir Giwa, Vice President, Power and Gas, Siemens, described Osun as a socioeconomic haven.

On Accelerating Industrial and Markets Development and Creating Jobs through Light Manufacturing, Mr. Volker Triechel, a Principal Economist submitted that no State in Nigeria is more suited for light manufacturing than Osun'


The panelists who spoke on the topic: “Developing Infrastructure to Support Industrial Development and Economic Growth”, acknowledged the economic opportunities created by the state through infrastructure development.

They urged investors to tap from the abundant resources that Osun is blessed with as the state had made significant changes in all the sectors of the economy, particularly in the education, infrastructure and agriculture sectors.

While describing the state as an industrial hub, the panelists urged the state government not to relent in its efforts to woo investors by showcasing its potential.


"Industry brings growth and stability to a nation". Prince Tunde Ponnle of MiCcom Golf Hotel and Resort submitted.

Also, some of the panelists that spoke on the need for the state to unlock potential in culture, tourism and creative economy for sustainable development, said there was a need for the government to do more to ensure drastic change in the sector.

They described Osun as a tourist destination and investment haven, saying Osun is primed to contribute significantly to the growth of the sector to generate employment opportunities.

One of the panelists, Mr. Tunde Kelani, CEO Mainframe Film and Television Production, said, “there is need to develop and upgrade all the tourist centres to make them attractive”.


They called for Public Private Partnership to galvanise the socioeconomic potential of the state to make it a pace setter for development.

The highpoint of the day 2  Osun Economic and Investment Summit, was the governor of the State, Mr. Gboyega Oyetola holding meetings aimed at establishing the new connections between th State and business investors, possible financiers , Industrialists, participating professionals and top players in the creative arts sector.



In furthering this commitment to attract investments and development to Osun, he met with Mr. Zhou Bin who is the Stanbic IBTC Bank China Coverage Manager, Mr. Zhang of China Railway Construction Coporation and Mr Roger Jiang of Sinong Hi-tech Africa Ltd.

With the foregoing, the Economic and Investment Summit can be adjudged as one of the best catalyst Osun has employed in forging a pathway to a more prosperous and greater State. The right path to accelerate industrial, commercial and infrastructural developments in Nigeria.

The three days Summit is convened to position the State of Osun as the most economically viable State of the Federation in terms of return on investment, Security, Stable Electricity, Arable land, Mineral deposits, Highly Resourceful People, Tourism Potentials and infrastructural PPP opportunities for Investors and would be Partners.

The current administration's efforts are channelled towards making the State attractive for business and ensure a win win situation for all.

Today, Thursday, 21st November, 2019 is the closing ceremony of the Summit and Governor Oyetola shall be meeting with representatives of all our Development Partners to discuss areas of sustainable collaboration and partnerships in the key potential growth sectors of the State.

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