Oyo State government will collaborate with the Spanish Investment Consortium to build an industrial estate on 1,400 acres of land in the state.
The commissioner for trade, industry, investment and cooperatives, Hon Ademola Ojo, who disclosed this when he hosted a Spanish team led by Mr. Ricardo Serrdno, said the estate would have the necessary facilities, explore and expand the abundant business opportunities in the state.
He said Governor Seyi Makinde’s administration had created a business-friendly environment and improved the ease of doing business in the state.
He added that the state was ready to partner with investors in expanding the business potentials, having been blessed with abundant human and mineral deposits.
He said when he visited a similar world class industrial estate, it was agreed that the business hub would be replicated in Africa, Oyo State precisely, by the Group.
The commissioner said the Oyo State Investment and Public Private Partnership Agency (OYSIPA) would look into other critical issues such as the sharing formula and benefits accruable to the state government.
He said the discussion with the team had allayed some of his worries which was the issue of proof of fund, ability to implement successfully and concerns for the micro, small and medium Entrepreneurs (nMSMEs) in the State.
Responding, Serrdno stressed the need to draw out the preliminary master plan and organise how to break down the plots of lands into industries, access roads, car parks e.t.c.