Government is committed to revamping moribund companies in Osun

………Says Loans and other incentives packages is in pipeline

………PPP is the way to save the nation’s economy

By Yusuf Taiye

The State Adegboyega Oyetola has reiterated its willingness to partner with investors and revive moribund industries operating in the State through the provision of loans and assistance creating jobs for the people.

Speaking during his tour of facilities of a private firm that produces beverages and food items recently revamped through his administration intervention in the industrialization of the State

The governor represented by the State Commissioner For Commerce, Industry, Cooperatives, and Empowerments, Bode Olaonipekun said the firm is one of the beneficiaries of the first batch of beneficiaries of the government intervention through a partnership with relevant

He seeing the Industry resuscitating after a long period through the intervention of our amiable Governor Gboyega Oyetola with the provision of assistance to the company to operate, reduce the unemployment quota of the state.

“This administration has assisted many industries in moribund State to secure a lifeline for them through the Bank of Industry and some other financial institutions”.

According to the Commissioner “the Governor is committed to assisting companies operating in the State with any assistance that can make their companies grow, knowing that when companies are operating, there will be more employment for the youths and populace in the State”.

He noted that the industry survey conducted in 2019 by the present administration in the State provided the opportunity to understand the challenges and the strategic ways to curb the menace.

“The state of Osun is working earnestly with the bank of industry and other financial institution to reenergizing the industries that are out there”.

The Commissioner also explained further that, the state has a tomato paste company along Ilesha road, Adeniran steel and wire company along Ilesha road, and some other companies that are producing minimum but they are working with the Bank of Industry and other financial institution to bring them up to produce in maximum capacity and put the state on the status of industrialized state.

The Chief Executive Officer of Mr. Ojo Olusegun is appreciative of Gboyega Oyetola led administration for his foresight to see beyond

According to him, sometimes around November 2019, the government through the ministry visited the company to get information to have firsthand information about the organization, and today here we are.

He disclosed currently 45 people working in this company yet to reach its maximum capacity of 200-300 staff if there is a capital increase.

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