Ondo Partners EU, UNDP to Hold Economic Devt Summit

Fidelis David in Akure

As part of efforts to showcase Ondo State as an attractive destination to both local and foreign investors, the state government has set to unveil the second ‘Develop Ondo 2.0 Investment Summit’, tagged:  ‘Developing Possibilities’.

The state Commissioner for Energy and Mineral Resources and Chairman, Develop Ondo 2.0 Summit Planning Committee, Razaq Obe, who stated this at a press conference in Akure, the state capital, said the state is partnering the European Union, the United Nations Development Programme (UNDP), Brevity Anderson and others to host the summit.

Obe, who explained that the summit would hold between July 13 and 1, 2023, at the International Cultural and Event Centre (the Dome) and will be declared opened by President Bola Ahmed Tinubu, added that the investment summit would serve as a significant platform to showcase the immense potential and investment opportunities which the state offers.

According to him, “Ondo State, with its rich cultural heritage, natural resources, and strategic location, holds a special place in Nigeria’s economic landscape. The state’s commitment to creating an enabling environment for businesses to thrive has been remarkable. Ondo State boasts of a skilled, reliable workforce, a robust and swiftly growing infrastructure network, and a vibrant entrepreneurial spirit, making it an attractive destination to both local and foreign investors.

“This summit marks a turning point for Ondo State, as we present an array of investment opportunities across various sectors from agriculture to manufacturing, tourism to technology, renewable energy to infrastructural development. The state offers a diverse range of sectors where investors can harness the untapped potential and contribute to the growth of our economy.

“Furthermore, the state is blessed with abundant natural resources, including vast arable land for agriculture, solid minerals, and a significant coastline for maritime activities and tourism. We encourage potential investors to explore these sectors which hold immense opportunities for sustainable development, employment generation, and wealth creation.”

Obe explained that to support the investment efforts, Governor Akeredolu’s government is committed to providing an enabling business environment through its implemented policies and reforms, including the REDEEMED Agenda that promotes ease of doing business, protects investors’ rights, and ensures transparency.

“Our goal is to establish a seamless process for business registration, licencing, and approvals, reducing bureaucratic bottlenecks and encouraging investment inflows. In addition, the state government has invested significantly in critical infrastructure projects. We recognise the vital role that infrastructure plays in facilitating business activities and attracting investments. Ondo State has embarked on ambitious projects to improve road networks, power supply, water resources, and digital connectivity.

“These infrastructural developments will enhance the ease of doing business and create an enabling environment for investors. Moreover, we understand the importance of human capital development in sustaining economic growth. Ondo State has prioritised investments in education, skills training and entrepreneurship programmes to empower our youths and equip them with the necessary tools to succeed in the global economy.

“By nurturing a skilled workforce, we aim to provide a competitive advantage to investors and ensure long-term sustainability,” he stressed.

Also, the state Commissioner for Information and Orientation, Mrs. Bamidele Ademola Olateju, said with the state target at fostering a business-friendly environment, investing in critical infrastructure, and nurturing human capital, it can indeed attract sustainable investments that would drive economic growth, create jobs, and improve the quality of life for every citizen the state.