Governor Ademola Adeleke
By John Dike, Osogbo
Osun State Governor, Ademola Adeleke, has reaffirmed his administration’s commitment to industrialising the state through strategic partnerships with foreign investors.
He made this known while addressing a delegation of Chinese investors planning to establish factories around Ile-Ife, noting that his government is leveraging a public-private partnership (PPP) model to drive economic growth.
According to a statement issued by his spokesperson, Mallam Olawale Rasheed, the governor said his administration has, since 2022, implemented deliberate reforms aimed at improving the ease of doing business and attracting both local and international investors.
He explained that the state has harmonised its tax system to eliminate multiple taxation, thereby reducing the burden on small and medium-scale enterprises.
The governor also disclosed that the tax administration process has been digitised, while a one-stop investment centre has been created to streamline business operations and improve service delivery.
Adeleke added that bureaucratic bottlenecks associated with obtaining business permits have been removed, with strict timelines now enforced across relevant ministries, including Commerce, Industry and Lands.
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“Our free trade zones, neglected for more than twelve years, are back on stream. We encourage foreign investors to join others already securing spaces in the zone. Several companies are already taking positions,” he said.
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He further noted that the state introduced a 45-day timeline for processing Certificates of Occupancy (C-of-O), adding that the policy has recorded significant success.
“I have received feedback from residents who obtained their Certificates of Occupancy within the stipulated timeframe,” the governor stated.
Earlier, the leader of the Chinese Prodigy Group of Companies, Mr. Chi, said the firm is considering expansion into Osun after operating in six other states.
He explained that the company, which specialises in the production of doors, bolts, nuts and industrial materials, is ready to commence construction of its factory once land-related issues are resolved.
