A multinational consortium, AFRICORP, has agreed on a multi-million dollar deal with Oyo State Government to set up an agro-allied company in Ibadan.
This was disclosed by the Commissioner for Information, Prince Dotun Oyelade, in a statement on Friday, June 28.
The multinational company reached the decision, having been satisfied with the progressive developmental policy of the Seyi Makinde administration, the statement said.
It stated further that the establishment of the factory would further boost the infrastructure-driven economic development of the pacesetter state.
Prince Oyelade added that government policy had ensured the fulfilment of the promise of Governor Seyi Makinde to provide food relief packages for over 200,000 of the poorest households, while the provision of 50 percent reduction in transport fares was still ongoing.
The Commissioner also referred to the provision of free health insurance coverage for identified 40,000 pensioners in the state while the health scheme had equally absorbed 150,000 students so far in state-owned tertiary institutions, and 84,000 vulnerable persons into the Oyo State Health Insurance Agency, (OYSHIA) scheme.
To further drive its welfare scheme, portals had been opened for the recruitment of 7,000 teachers, 332 prefessional health workers and care givers.
This marks the highest number of recruitment ever undertaken by any administration in the state.
“On agriculture, Over N10 billion has been cumulatively invested in the Fasola Agricultural hub, and this is expected to grow to N20 billion worth of investment next year,” the statement read.
Oyelade said that the state government had been able to do all these and more as a result of effective management of resources and the increase in the internally generated revenue.
The Commissioner said: “The present administration met about N1.3 billion IGR in 2019, but has now increased it to 4.95 billion for the first quarter of 2024 without imposing tax increases on the populace.”
