Ondo among nation’s fastest growing economies, says FG

The Federal Government has commended Ondo State, ranking it as one of the fastest growing economies in Nigeria.

Minister of Environment, Mrs. Amina Mohammed made the declaration yesterday during a courtesy visit to Governor Olusegun Mimiko in Akure after an Environmental Impact Assessment of the Ilaje Free Trade Zone in the Southern Senatorial District of the state.

Apparently impressed with her team’s discoveries in the area of economic development, the Minister expressed her satisfaction over the huge developmental projects in the area.

According to her, the visit revealed the ambition of the state is to become one of the leading states economically.

The minister, who was represented by Mr. Olayinka Tejuoso, said the target of the project is to match the achievements of the present federal administration towards diversifying the economy.

Head of the Technical Review Panel, Engr. Funso Makanjuola, ‎who explained that the project if completed in time would place the Mimiko-led administration in an enviable pedestal.

Makanjuola added that the Ilaje Free Trade Zone would catalyze infrastructural development of Ugbo, Ilaje, the state and Nigeria at large.

He said there would be adequate interactions between foreign and local contractors and the report of the panel will be implemented to the letter.

Governor Olusegun Mimiko, who expressed delight on the visit, said the Free Trade Zone would provide immense possibilities for infrastructural development.

He stated that the projected Deep Sea Mining Port in that axis would be the first in Nigeria that will add value to agriculture and solid minerals exploration.

The governor, who commended the ministry on its efforts to raise the economic potential of the nation, assured the team that the nation would be proud of Ondo’s pioneering efforts on the project very soon.