Wednesday 4 October 2023


The Ooni Of Ife Oba Adeyeye Enitan Ogunwusi, Ojaja II, has unveiled a Private Public Partnership Community Development plan to create 50,000 jobs for Nigerian youths.

Ooni Ogunwusi in company of the executive governor of Osun state, Senator Ademola Adeleke

signed a Memorandum of Understanding(MoU) with the government owned chinese company at his Ile Oodua palace in Ile-Ife.

The Monarch said the company will invest in Agriculture, Green Energy and explore the gold, lithium and other minerals resources in Ile-Ife and Osun at large.

He added that the Chinese Company; China Overseas Energy Development Technology Limited

would focus on the development of agriculture, mechanised farming, cocoa processing in large quantity, stating that solar energy, exploration of lithium, gold, liquidified natural gas and other major mineral resources would be part of their goals.

The Ooni of Ile-Ife described the company as the biggest in Dubai, China, Asia  with branches in more than 50 countries and 200 cities all over the world, promising that signing of the MoU will help Ile-Ife, Osun and the country at large in fastracking unprecedented investment flow.

The Monarch noted that governments all over the the world could not transform economy successfully without a productive public private partnership.

"The partnership we are signing today with China Overseas Technology Development Company Limited is going to give over 50,000 employment opportunities to Osun indigenes.

"These people would first invest in agriculture whereby they would set up a cocoa proceeding plant in Ife where they are going to have their agricultural hub.

"They will farm on over 20,000 hectares of land, generate green energy using solar which is starting from this palace, this palace will be powered by solar 100 % within the next 30 to 60 days when it's already completed". Ooni stated.

In a remark, Governor Ademola Adeleke, welcomed  the foreign investors and lauded Ooni for conceiving the idea and bringing it to reality.

He, however, restated his commitment to continuity to promote culture, tourism and entertainment in Osun to improve on the wellbeing of the indigenes.

In a remark, after signing the MoU, the representative, Mr Zhang Xiaolin, the Managing Director/Chief Executive Officer,China Oversea Energy Development Ltd, congratulated Ooni on the celebration of Olojo 2023.

Mr Xiaolin also applauded Ooni for partnering with their biggest company that set to invest in agriculture, green energy, mining among other mineral resources.

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