Osun State Governor Ademola Adeleke has said his administration is pursuing industrial growth through a Public-Private Partnership (PPP) framework.
According to a statement released on Monday by his spokesperson, Malam Olawale Rasheed, the governor spoke during a meeting with Chinese investors seeking to establish factories in Ile-Ife.
Mr Adeleke said reforms introduced since 2022 had improved the state’s business environment and attracted investor interest. These include the harmonisation of taxes to prevent multiple levies and support small enterprises.
He said the state investment agency had been strengthened to enhance efficiency, while bureaucratic delays in securing permits had been reduced through the enforcement of timelines across relevant ministries.
The governor added that free trade zones, which had been inactive for over a decade, were now operational and open to investors. He also cited the introduction of a 45-day processing period for Certificates of Occupancy as part of efforts to ease access to land.
Mr Adeleke reiterated his commitment to using PPP arrangements to drive industrialisation. He also acknowledged the role of traditional rulers in promoting investment in the state.
Mr Chi Chi, representing the Chinese Prodigy Group of Companies, said the firm was considering expanding into Osun after operating in six other states. He said the company produces doors, bolts, nuts and adhesives and is ready to begin construction once land arrangements are finalised.
He added that the group was encouraged by the state’s investment climate.
