• Monday, May 20, 2024
businessday logo

BusinessDay

Oyo, NIPC collaborate on agric, manufacturing

businessday-icon

Oyo State government is partnering Nigerian Investment Promotion Commission (NIPC) on accelerated business development in the state.

They are collaborating in the areas of agriculture, human capital and investment in manufacturing.

To this end, a memorandum of understanding (MoU) with Oyo and NIPC to leverage on the goodwill and structural operations of the commission to curry foreign direct investment into the state, has been signed.

Moses Adeyemo, deputy governor of Oyo State, signed the MoU on behalf of the state, while Saratu Umar, executive secretary of NIPC, signed for NIPC.

The state is to create a one-stop investment centre under the auspices of the newly established Bureau of Investment Promotion and Public Private Partnership with a view to reduce the administrative bottlenecks attendant with business start-ups in the state, Adeyemo said.

Also, an Oyo State front desk at NIPC’s one-stop investment centre in Abuja to serve as a linkage outpost for carrying investors into the state has been set up.

Adeyemo said the essence of the MoU was for the state to synergise with the commission to move its economic and investment developments forward, calling on investors to come and invest in the state as the state was investment friendly.

In his address, Umar said the NIPC was ready to collaborate with investors, both foreign and local, who wanted to do business in the country, saying your coming is at a time when the country is witnessing increase in Foreign Direct Investment owing to the reform programmes of the Federal Government.”

Umar said one of the mandates of NIPC was to assist states and investors to facilitate their investments, and promised that the commission was ready to help Oyo State in this direction.

Remi Feyisipo