Home News State By State Oyo Govt Restates Commitment to Establishment of Industries

Oyo Govt Restates Commitment to Establishment of Industries

By: Adeola Oladele, Ibadan
The Oyo State Government has restated its avowed commitment to the establishment of industries, with the aim of getting more revenue for the state.
Governor Abiola Ajimobi made this known while inaugurating the board members of the state’s Igbeti Marble Company, at an event held at the Governor’s Office yesterday.
He opined that establishing more industries in the state would boost its Internally Generated Revenue (IGR), adding that such initiative would reduce the state’s dependence on allocation from the Federal Government.
The governor noted that his administration believed in human capital development, which he said, constituted one of the basic principles of his government since its inception.
Ajimobi, who was of the opinion that the establishment of Igbeti Marble Company would be one of the pillars of industrialization in the state, adding that the  company has huge potentials which could place state in an enviable pedestal among the comity of states.
“It is a transformation and repositioning agenda of our administration in line with the Federal Government’s plan on industrialization, stating that the state could become one of the industrialized states.
Ajimobi, however, expressed regret over the low level of productivity of the marble industry in the state, which he said, was as a result of poor technical management, lack of fund and unresolved compensation due.
As a panacea to this development, the governor called for the inauguration of new board members, termination of contract of the technical management partners, owing the non fulfillment of their contract agreement with the Nigerian Marble Mining Company (NMMC), participation of foreign investors and proper evaluation of the company and the reserve estimate of the marble.
While inaugurating members of the board, the governor said they were carefully chosen based on their respective track records, adding that much is expected of them to make the plan of the state government in the area of industrialization a reality.
The governor urged the new board members to bring on investors, particularly from China and Australia that are ready with financial capability and equipment to transform the company.
He also called on the newly inaugurated board to reposition the
company as a platform for all stakeholders to benefit, particularly
the people of Igbeti, Oyo State and Nigeria.
“We believe that the company could be well transformed for great benefit through Public Private Partnership (PPP),’’ he said.
The newly constituted board members from the state government side are Mr. Abimbola Adekanbi, the state’s Commissioner for Finance; Mr. Mathew Oyedokun, Special Adviser to the Governor on Solid Minerals and Mr. Seun Abimbola, the state’s Attorney-General and Commissioner for Justice.
Others representing the Igbeti Marble Industry (Ashamu Family) are Dr. (Mrs.) Jadesola Lakulo Sodipe, Chief Jacob Adetoro and Connie Jean Aremu (SAN).
From the Federal Government side include Mr. Ayobami Oseni Akanbi and Mr. Donatus Umaro (zonal mines office south west), while Olorunsogo Local Government is the chairman of the council.
However, the equity structure of the marble company was 30 percent to Oyo State Government, 25 percent to IMI, 20 percent to federal government, 10 percent to local government and 15 percent to technical partners.

Like and Share this:


Please enter your comment!
Please enter your name here