Ondo State News

We are open to credible investors, says Gov Akeredolu

The Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, SAN has assured a conglomerate of Chinese Investors desirous of establishing a 3-multisector business investments in Ondo State of conducive environment.

The governor who said Ondo State was open to credible investors gave assurance that with the avalanche of resources in natural, agrarian and minerals, any investment in the state would bring geometric returns.

Arakunrin Akeredolu said the hub for the three core business areas which include, Industrial, Agricultural and Herbal Medicine Production will be sited in each of of three Senatorial Areas of the state after considering nearness to raw material needs.

The governor who recalled the facilitation of his administration through which investors from the Chinese City of Lynin operating about seven different companies at the Ore Industrial Hub said the new investors would have in Ondo State a home like no other place.

Earlier the leader of the 14-Man Business Delegation who spoke through a Chinese interpreter Mr. Steve Jing Changsheng said the divergent economic potentials of Ondo State informed their interests in the Sunshine State.

He said the proposed Industrial Hub would include Manufacturing, Oil and Gas and particularly the production of Gas Cylinders for domestic use.

Mr. Changsheng also said that the Agricultural component of the investment hub would centre on meat production not for local consumption but for export, adding that the investors on Chinese Herbal Medicine was prepared to establish a production hub in state to tackle some intractable ailments giving the global community some concerns.

The Deputy Governor , Hon Agboola Ajayi led a number of the State Executive Council, Management of Ondo State Development and Investment Promotion Agency, ONDIPA with Permanent Secretaries of some strategic Ministries to join the State Governor to receive the visiting Chinese Investors.

📷 Olawale Abolade

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