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Ooni of Ife Signs MoU with US Company on Technology Hub in Ile-Ife


The Ooni of Ife, His Imperial Majesty Oba Adeyeye Enitan Ogunwusi ‎,Ojaja II, has signed a Memorandum of Understanding (MoU) with a US-based company, SpringPort Technological Group, to build a technology, media city and agriculture incubation hub in Ile-Ife, Osun State.

The MoU was signed in his palace on Tuesday in Ile-Ife.

The signing of the MoU came barely two weeks to the return of the Ooni from the USA where he had visited to seek involvement of Africans in the Diaspora in his peace and unity agenda and solicit their support for the continent on developmental projects in agriculture, tourism, infrastructure and youth development.‎

A statement by his Director of Media, Comrade Olafare, said with the MoU, the technological hub worth $1.4bn in its first phase is expected to facilitate massive employment of youths in Ile-Ife. After the MoU was signed, the start-up phase for master plan was to begin with investors in London and Asia.

Subsequently, the MoU would be presented to Elliot Jones representing Maya Angelo Foundation, Jason Harrison of Tredic Corporation UK and some other American/Asian investors.‎

While signing the MoU, the Ooni expressed optimism that the project would span development across Ile-Ife, Osun State, Nigeria and Africa at large.

He said the partnership with House of Oduduwa was fastened to ensure the success of the project.

Oba Ogunwusi said: “The initiative is an encouraging one and I urge the team not to relent. When I visited the USA, I met with our Diasporan people and I told them that people built USA, it did not just develop. Just like the USA people built America, Im glad that some Nigerians in the Diaspora are also keen on developing their motherland.

“I’m totally in support of the project. I have never started a project without completing it and I hope this will be completed within the stipulated time. We don’t want this to be a typical project that will start and won’t end and because of that we signed the MoU today. We will also be fulfilling a larger part of what is expected of us by making available the required land.

President of Image Consulting Group, Mrs. Remi Duyile, said the project was part of efforts to show that the Nigerians in Diaspora were ready to invest in their country.

She explained that her company was made to create the synergy between the Ooni and America-based company when the traditional ruler visited the USA.”


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