Oyo Offers to Assist Investors, Young Entrepreneurs

By Modupe Gbadeyanka

Young entrepreneurs and investors willing to do business in Oyo State have been assured of a conducive environment as well as credit facilities.

This assurance was given by the Commissioner for Trade, Industry, Investment and Cooperatives, Mr Olasunkanmi Olaleye, at the Ibadan Business Festival, held at the Trans Amusement Park, Ibadan.

According to him, the administration of Mr Seyi Makinde is leaving no stone unturned in making the state a hub for investment.

He said one of these is by providing credit facilities for Micro, Small and Medium Enterprises (MSMEs), graduate loan schemes and other technical supports.

Mr Olayele, who was represented by the Deputy Director Trade in the ministry, Mr Olayinka Raimi, stated that the state government has provided structured security architecture for businessmen and investors to operate unhindered in the state.

He stressed further that the pillar of any meaningful development in any nation is security hence the ranking of Oyo State as one of the safest states in the nation for the transaction of business opportunities and growth.

The Commissioner, therefore, commended the organisers of the programme, Ibadan Business Hub, for coming up with such an event which is in line with the agenda of the present administration in the state in accelerating the economic growth of the state.

Earlier in her address, the convener of the occasion, Mrs Temitope Adelakun, stated that Ibadan Business Hub is a one-stop platform that provides support for small and medium scale businesses in Ibadan and its environs to standardize and scale up their businesses.

Mrs Adelakun stated that Ibadan Business Festival is an annual event that uses a mix of entertainment, talent hunt, networking, learning and collaborations to achieve an end goal of driving sales for registered vendors.