How We Made Ogun Investors’ Haven, Commissioner

The Ogun State Government’s investment-friendly policies and unprecedented massive infrastructural development stride have been identified as being responsible for the influx of investors into the state.

Commissioner for Information and Strategy, Chief Adedayo Adeneye stated in his address at the opening of a two-day Business Capacity Development Programme with the Theme “Doing Business Better” organised by the Ogun State Television (OGTV) at the station’s complex, Ajebo road, Abeokuta.

Adeneye said that as at 2011, World Bank rated the state as 35 in terms of doing business in Nigeria, but now, it is rated among top five states due to the governments investment-friendly policies. 

“The three Invetors’ Summit held in 2012, 2014 and 2016 in Abeokuta, no doubt, also yielded positive results in the government’s quest to attract investors because over 400 industries are now operating in the state and this has made Ogun the industrial hub of the nation.

“To woo investors to the state, the government introduced discounts on land purchased by any investor and a handful of other incentives. Government did not only give approval for discounts on land but also allowed investors to do whatever legal business they choose, tax free, for one year, once there is evidence that two of the company directors have paid tax in other states in the country”, he stated. 

The commissioner added that government also created a help desk to assist investors and liberal regulations for the establishment of industries as well as the provision of suitable land in designated urban and rural areas.

Adeneye said that all these lofty programmes and policies, coupled with the unprecedented massive infrastructural  development, purposeful and fruitful investment in security, provision of decent housing and urban renewal programme, are investor-friendly initiatives, which have changed the fortunes of the state industrially.