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Governor Adeleke revitalises investment promotion agency

By Olubunmi Oladejo

Governor Ademola Adeleke of Osun State has approved the resuscitation of the defunct Osun State Investment Promotion Agency (OSIPA).

The agency, which will be headed by Mr Olalekan Felix Olatunji, Special Adviser to the Governor on Trade and Investment, is to attract investment and promote the influx of investment to the state.

This was contained in a memo released from the office of the Head of Service and made available to newsmen in Osogbo.

The memo reads as follows:

“In a bold step to improve the ease of doing business, attracting investment and development to Osun State, Governor Ademola Adeleke has approved the resuscitation of the defunct Osun State Investment Promotion Agency ( OSIPA).

“ This resuscitation further affirms this administration’s readiness to leave no stone unturned in its commendable quest to entrench forward-thinking policies that will have positive and far-reaching effects on the economy of the state to signal to both local and foreign investors, the readiness of the state to accommodate worthy investment across various sector of the state.

Read also: Lakisokun’s eight-year journey to tell the Osun State story

“The Osun investment promotion agency will be saddled with the responsibility of promoting the abundant investment opportunities in the state, attracting investment and promoting the influx of investment to the state.

“Specifically, the Agency shall have the following objectives, as approved by the Governor:

“Build the investment image of the state and disseminate information on available investment opportunities;

“Provide aftercare services to existing investors in the state;

“Develop proposal for economically viable PPP projects in conjunction with relevant MDAs in alignment with the various plan documents;

“Identify and remove business constraints and challenges in collaboration with the Ministry of commerce and Industry;

“Serve as one-stop shop for investment with input from relevant Government agencies focusing on development and strategic documents as well as the plan of the state;

“Premised on the above, all ministries, departments and agencies (MDAs) of the state Government are hereby notified that the Osun state investment promotion Agency (OSIPA) has been approved to commence operation with a view to achieving its stated objectives and goals”, the memo noted.