The Oyo State Executive Council meeting has approved the Business-Enabling Reforms Action Plan (BERAP) in order to push the economic development agenda of the state in 2025.
A statement by the Commissioner for Information and Orientation, Prince Dotun Oyelade, said that the approval would further enhance the ease of doing business and encourage more investors to come to the state to do business.
Presenting the memo before the Executive Council yesterday, the Commissioner for Budget and Economic Planning, Prof. Musbau Babatunde, said that BERAP would improve access to skilled labour for corporate organisations through the use of the labour electronic register.
According to him, it will also facilitate the establishment of an Export Cluster for Cashew, Shea Butter, as well as Arts and Crafts.
By this approval, the Gross Domestic Product (GDP) of the State would improve while the expected non-oil export revenue would trigger the economy of the state.
The statement read that the Ministry of Budget and Economic Planning would work with the Ministry of Trade, Industry and Cooperatives, the Oyo State Investment Promotion Agency and the office of the Accountant-General to implement the business-enabling reforms action plan, starting from 2025.
The Council also appreciated the kind gesture of Governor ‘Seyi Makinde through the financial support he gave to Mr. Sola Ajayi, a senior cameraman with the Broadcasting Corporation of Oyo State (BCOS) who had spinal cord injury as a result of an accident.
The Governor thanked members of the Executive Council for their focus and cooperation during the outgoing year and said that 2025 would be more challenging, even as he assured that the government would remain resolute in achieving its objectives.
