Home Ministry of Industry, Trade and Investment OGUN ASSEMBLY TASKS MINISTRY ON INVESTMENT OPPORTUNITIES

OGUN ASSEMBLY TASKS MINISTRY ON INVESTMENT OPPORTUNITIES

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Ogun State House of Assembly has challenged the Ministry of Industry, Trade and Investment to set machineries in motion towards strengthening the potentials of the State to retain its leading position in the comity of States by leveraging on the State’s rich potentials to attract more local and foreign investments.

The Chairman, House Committee on Industry, Trade and Investment, Hon. Kemi Oduwole, gave the charge while examining the 2020 budget of the Ministry, as presented by the State Commissioner in charge of the Ministry, Mrs. Kikelomo Longe at the Assembly Complex, Oke-Mosan, Abeokuta.

Oduwole, in company of other Committee members stated that it was important for the Ministry to provide more support to small and medium scale business owners, adding that more revenue was needed to deliver on the developmental programmes of the Prince Dapo Abiodun led- administration.

Earlier in her remarks, Longe noted that the Ministry within the period under review, generated a total budget of N585.8m, having curbed illegal mining and mineral exploitation, noting that new agents were being engaged on road haulage with 30 new toll points.

In a related development, the Committee lauded the financial ingenuity of the State Property and Investment Corporation (OPIC) towards the provision of affordable housing scheme, with a view to addressing the huge housing deficit.

Stressing the importance of housing facility to humanity, the House Committee Chairman, Hon. Oduwole, in company of Honourables Kunle Sobukanla, Ademuyiwa Adeyemi and Abdul Bashir Oladunjoye commended the initiatives of the Corporation at ensuring improved revenue generation, with a task on them to further improve on their activities.

Earlier, the Special Adviser and Managing Director, OPIC, Arc. Biodun Fari-Arole, stated that a total of 31 units of 5-bedroom luxury villa were under construction at the OPIC King’s Court estate in Abeokuta, with necessary details to enable convenience of the allottees.

Arole added that a total of N797.9m was generated into government’s coffers through contractors’ registration and tender fees, sales of application forms and proceeds from consultancy services and dividends from investments amongst other earnings within the period under review.

Jamiu Lawal,

Head, Information Unit, OGHA

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