Business

NIGERIA: Ondo Govt Woos Investors for Development

 The Ondo State government is making frantic efforts to attract foreign investors to the state, through planned partnership with local entrepreneurs, for the rapid development of the state.

The government has initiated a platform that will enable the targeted investors and prospective venture partners, to interact and nurture viable partnerships.

Senior Special Assistant to the State Governor on International Relations and Diaspora Affairs, Mrs. Remi Duyile disclosed that the government intends to host a gathering of diplomats and the business community of the state, on September 22 this year under the platform of the Ondo State Embassy Day.

According to Duyile, “the Ondo State Embassy Day is a day being initiated for the nurturing of trade and investment in the state."

She explained that the event, which would be the first of its kind, would serve as a window of opportunity for embassies in the country to market the investment potentials of their countries to the business community of Ondo State.

“At the same time, the Ondo State Embassy day, will create the opportunity for local entrepreneurs to share knowledge on how to reach out to foreign markets, for trading opportunities and investment partnerships” she said.

Duyile pointed out that the commercial units of diplomatic missions resident in the country could exploit the opportunity of the Ondo State Embassy Day, to make presentations to the business class, on key sectors of their country’s economy that could be attractive to Nigerian partners.

She said the state remained blessed with an abundant reservoir of Oil and Gas, Bitumen, Cocoa, Palm produce, Granite, Rubber, Timber, Limestone, Bulk clay, Aquaculture, Silica Sand and African Shea Butter trees that of great opportunities for local and foreign investment delivery.

Duyile said operators of cottage industries in the state could take advantage of the Ondo State Embassy Day, to fraternise with local and foreign development partners, at the event, on available options for sourcing of funds and equipment for their varied enterprises.

She explained that professional associations, local chambers of commerce and industry as well as research institutes could enrich their capacities, via the flow off vital information that will be at their disposal during the Ondo State embassy Day.
She said the event would catalyse the flow of capital and investment across various frontiers within Nigeria and beyond.

Leave a Reply