‘Osun State government will no longer rely on federal allocation in five years time’
Osun State Government has said that it has put in place policies, programmes and infrastructure that will totally liberate the state from the shackles of the federal allocation, which for sometime has been deciding the progress or otherwise of majority of the states in Nigeria.
The state said it has laid the foundation for economic development, to the e extent that in the next five years, its economy would be sustainable, and independent of federal allocations.
According to the Government, the foundation for economic prosperity is gradually being built in the state, and is working assiduously to attain an envious height economically.
The State Commissioner for Information and Strategy, Adelani Baderinwa, stated this while addressing members of a socio-political organisation, the Young Mandate Group in Osogbo recently.
Baderinwa said the present administration has provided and invested heavily on profitable and lasting infrastructure that has been enhancing and continue to uplift the economy of the state.
He maintained that good infrastructure is the bedrock of socio-economic development, explaining that the massive road construction put in place by the Aregbesola’s administration have been connecting people, drive commerce and maintain global competitiveness.
Baderinwa noted that the road construction would in no time reduce costs in many economic sectors in the state by providing better accessibility to markets, increasing employment, bringing in foreign investment and improving global presence in the state.
He also revealed that the government has laid solid foundation for economic development of the state and his efforts have been yielding positive results with the recent agreement of the Turkish Government to partner with Osun on trade, commerce and industrial revolution.
Baderinwa said the Turkish Government has agreed to support the state with completing the MKO Abiola International Airport in Ido-Osun, and when completed will aid the state’s economy.
Aside the airport, he said Osun economy will soon receive a boost when the $30.5million contract won by the Osun RLG/Adulawo Technology Company for the supply of Terrestrial Broadcast Set Top Boxes flows into the market.
Baderinwa noted that the 15-year moribund cocoa processing industry in Ede has been revived by the Aregbesola administration, disclosing that a Chinese company, Shanghai Golden Monkey Group, is ready to invest N10billion into Osun economy through cocoa processing and production.
The company, according to Baderinwa would have the capacity to provide 1,000 jobs for the unemployed youths in the state in the next two years when it begins full production.
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