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NEWS and REPORTS => Nigerian News => Topic started by: OgunState on Nov 07, 2013, 05:31 AM

Title: Ogun State - Developing Economy for Sustainable Growth, Our Focus-OGSG
Post by: OgunState on Nov 07, 2013, 05:31 AM
 The present administration in Ogun State recognises the economic importance of trade as the artery of all economic activities, it has therefore been carefully crafting an economic master plan that would enhance it.     The State Governor, Senator Ibikunle Amosun stated this while speaking at the Ogun State Day at the on-going 2013 Lagos International Trade Fair, Tafawa Balewa Square, Lagos.     Represented by his Deputy, Prince Segun Adesegun, Governor Amosun said his government had already disbursed a sum of N1bn as soft loans to small and medium scale entrepreneurs and traders to encourage trade and investment in the State.     In addition, Amosun said massive infrastructural development had been put in place to create a conducive environment, while entrepreneurial capacity building trainings, review of relevant laws, improved security coverage had been embarked upon for businesses to thrive, maintaining that there is cheap and easy access to land in the State.     Urging local, foreign corporate and individual investors to take advantage of the available fertile land mass, strategic location and abundant human resources to invest in the State, Senator Amosun revealed that government was systematically and innovatively addressing both internal and external factors that affect businesses with the view to promoting economic growth.     He observed that the Lagos International Trade Fair had grown into a globally acclaimed forum where renowned brands and trademarks meet, adding that it has also continued to promote Nigeria's potentials as an emerging international market, thus becoming a credible platform for promoting interaction between local and international producers.     Speaking earlier, Commissioner for Commerce and Industry, Otunba Bimbo Ashiru said Ogun State was pioneering a radical economic reform programme that was indigenous, transformational and self sustaining.     He submitted that for Nigeria to get out of the economic rot brought by petro-dollars, agriculture remained the best option and Ogun State with its large fertile land mass, geographical location and favourable climate, holds the best potentials for investment in agriculture, agro-allied industries and distribution.     In his welcome address, President, Lagos Chambers of Commerce and Industry, Chief Goddy Ibru, represented by the Vice President, Mr. Babatunde Ruwase, said the fair with the theme “Harnessing Trade Potentials for an Inclusive Economy”, was aimed at unleashing trade potentials for the economic development of Nigeria.