The Ogun State Governor, Prince Dapo Abiodun says his administration’s drive to improve the business environment and ease of doing business in the State has led to the establishment of three supervising agencies.
Governor Abiodun made this known while presenting the State’s 2020 Appropriation titled; “Budget to Build our Future Together”, at the State House of Assembly, Oke-Mosan, Abeokuta, stating that the agencies, which include; Ogun State Investment Promotion and Facilitation Agency, Ogun State Enterprise Development Agency and the Business Environment Council would help reposition the State for socio-economic boom.
He said the Ogun State Investment Promotion Agency, a one-stop shop, that would remove investment bottlenecks has been established to promote Ogun State as the preferred investment destination through an efficient land administration, permits and grant of relevant licenses with ease, lauding the State house of Assembly for passing the Bill into law.
Governor Abiodun noted that the Ogun State Enterprise Development Agency would strengthen Micro, Small and Medium Enterprises (MSMEs) and provide the boost for them to be major producers of raw materials and off-takers of the big industries as distributors, adding that the Agency would also assist in the facilitation of intervention funds from the Federal government.
He stated further that the Business Environment Council had also been established to improve the State’s rating on the World Bank sub-national index on the ease of doing business, explaining that the Council would streamline the process associated with registration of businesses in the State.
Abiodun added that the infrastructural drive of the present administration which has led to the rehabilitation of rural and township roads through the Ogun State Public Works Agency (OPWA) would boost agriculture and the development of MSMEs, while attention would also be directed to the State’s industrial hubs.
The Governor said the 2020 budget, made up of N269.132bn for capital expenditure and 180.842bn for recurrent expenditure would be well implemented, stressing that the recent executive order he issued, which has led to the creation of the Fiscal Responsibility Commission, would help block leakages, while the mutually beneficial Public Private Partnership (PPP) policy would help in executing the budget.
Press Officer, Ministry of Commerce and Industry