By Kolawole Olayinka, Abeokuta
Ogun State Governor, Prince Dapo Abiodun has inaugurated the State Business Environment Council, with a charge on members to come up with sustainable reforms that will bring about improved and practical approaches towards Ease of Doing Business in the State.
Inaugurating the Council in his office at Oke-Mosan, Abeokuta on Friday, Governor Abiodun noted that most Businesses over the years had been driven by investors themselves by taking advantage of the State comparative and competitive advantages without concerted and proactive efforts to attract them.
He said it was imperative for the state government to leverage on the advantage by developing structures to improve engagement with potential investors.
“It is important to leverage on the advantage and develop a structure towards improving engagement with potential investors and continually improve the processes to enable investors to invest more efficiently with little or no red tape or bottleneck”, he said.
Speaking on the precarious business situation in the country, the Governor quoted the National Bureau of Statistics report which stated that Foreign Investment in Nigeria had in the third quarter of last year, dropped to $5.36billion, compared to $5.82billion in the second quarter, adding that 29 States did not get any investment flow last year.
“We thank God that Ogun State is still among the leading states that attract more foreign investment in the third quarter of 2019. Ogun State came third after Lagos and Abuja. What these simple means is that competition for investment inflow is high, investment inflow is dwindling.
“Therefore, we most device sustainable strategy to attract investment into our dear State”, he advised.