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Ogun Holds Business Clinic for MSMEs, Provides Loans at Single Digit
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$500m Investment Underway in Ogun
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Published 28 May 2021
Dahua Paper Company Nigeria Limited said it is ready to invest $500m on tree plantation for paper production in Ogun State.
A statement by the Ministry of Industry, trade and Investment, Ogun State, said on Thursday.
It said a working partner in Dahua, Prince Bayo Ikujenyo, disclosed this when the Commissioner, Industry, trade and Investment, Kikelomo Longe, paid a visit to the company.
The company stated that the project, a 10,000 hectare tree plantation, would be segmented into tranches of 2,500 hectares each year for four years.
Ikujenyo said the company had sought the approval of the state government for the 10,000 hectares of land required, as the project would also require a minimum of 5,000 directly employed workers.
Vanguard News
EoDB: Ogun establishes Zonal offices
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By Cynthia Alo
The Ogun State Ministry of Industry, Trade and Investment has said that it created 12 additional zonal offices to bring its services closer to investors with the aim of improving the Ease of Doing Business (EoDB) in the State.
Commissioner for Industry, Trade and Investment, Mrs. Kikelomo Longe, stated this during the commissioning of the Abeokuta North Zonal Office in Oke-Ilewo, Abeokuta and the presentation of equipment to Officers in the zonal office.
Longe said although the ministry was already working on automating some of its processes, the additional zonal offices were created and equipped to ensure investors who decide to visit the ministry get quality service more speedily and effectively.
Sunday Ilori
In recent time, it is a known fact that there is a sharp decline in revenues accruing from oil sales, globally. Nigeria is no exception, and has been affected, as a member of the Organisation of Petroleum Exporting Countries (OPEC). The negative trend has affected the monthly allocation from the Federation Account to all tiers of government.
As a way of remaining afloat, the federal and state governments have devised other means of generating revenues for the day-to-day running of the government. The governments, at all levels, individuals and corporate organisations, have divested into agricultural business as a tested, viable and reliable sector to bridge the yawning gap in relation to the hitherto over-reliance on oil proceeds for survival. On account of its dominant role, agriculture is a key player in poverty reduction and job creation.
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