(PHOTOS): We’ve Provided Enabling Environment For Business To Thrive, Makinde Woos Foreign Investors At Oyo London Business Summit
By Kazeem Awojoodu, Ibadan
Oyo state Governor, Engr. Seyi Makinde in his efforts to ensure that Oyo state remain on the global space in terms of economic advancement at the ongoing Oyo State International Business Summit OYSIBS (2023) canvassed foreign investors on the need to come and have their investments in the state.
While reading his speech at the venue of the summit, on Friday ,May 19 2023, inside the Millennium Gloucester Hotel, London Kensington, Engr. Makinde said, “I am most delighted to welcome you all to this debut edition of the Oyo State International Business Summit, also known as OYSIBS 2023. As you know, this summit is titled “Accessing the Pioneer Advantage to Sustainable Investments in Oyo State”.
While the power sector was still mainly under the Exclusive List of the Constitution of the Federal Republic of Nigeria 1999 (as amended) and so under the Federal Government’s control, we found a way of showing proof of concept for alternative energy sources to underserved communities. We built five mini-grids in various communities. At the same time, private investors have come on board to provide Energy-as-a-Service (EaaS) to 17 more communities.
Additionally, the State has worked with Fan Milk Plc to provide 1 MW of solar power and Nigerian Breweries Ltd to provide 600 kW with a plan to upgrade this to 3 MW.