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Oyo Set to Revamp Agribusiness, Showcases Investment Opportunities

The Oyo State Government has unveiled plans to re-engineer agribusiness development in order to expand the state’s economy.

The government underscored the ability of the agriculture sector to totally transform the state’s economy if properly harnessed.

Governor of the state, Seyi Makinde, made this known at the Oyo State 2021 Agribusiness Summit, on Tuesday in Ibadan.

The summit was organised to showcase investment opportunities and create incentives to local and international partners who show interest in investing in the state.

The Governor, who delivered a presentation titled “Re-engineering Agribusiness Development in Oyo State” noted that the state is blessed with a number of agribusiness investment potentials profitable to agribusiness investors.

In a press release signed by the Governor’s Chief Press Secretary, Mr Taiwo Adisa, Makinde stressed his administration’s commitment to the development of agribusiness in the state

The Governor pointed out that it was imperative to ensure that people see the agriculture sector as a real business capable of lifting them out of poverty

He added that his administration had embarked on a massive infrastructure development targeted at agriculture and agribusiness.

“Our efforts are a result of careful planning and strategic thinking and this is why we offer unbeatable incentives to investing agribusiness in Oyo State.

“First, we created the Oyo State Agribusiness Development Agency (OYSADA). This is to serve as the vehicle for driving agribusiness development. This has eliminated the administrative bottlenecks that prevent private investors from communicating directly with public officeholders.

“One of the strongest factors that support large-scale agribusiness production is the availability of arable land. Over 60 percent of Oyo State, 28,500 square metres of land are suitable for agriculture.

“When we came in, we went for a brainstorming session at the Republic of Benin. We brought in agric experts all over (this was barely three to four months into office). The then permanent secretary, Ministry of Agric said that Oyo State is the largest producer of Cassava in Nigeria. And when I asked if it was a deliberate engagement, the response was more of, ‘the farmers were just planting.

“But now, we are moving towards deliberate efforts, deliberate policies to stimulate agribusiness in Oyo State. And, additionally, we have abundant freshwater sources and about three thousand hectares of artificial lakes giving us a competitive advantage in fish farming.” the governor assured

Makinde restated his administration’s readiness to upscale opportunities in the agriculture sector noting that the state was already in partnership with the government of France and IITA, among others.

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Sourced from Agro Nigeria

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