By Richard Thomas, Ibadan
Oyo State House of Assembly has passed into law a Bill to establish Agribusiness development agency.
Presenting the report of the committee on Agribusiness, Chairman House Committee on Agriculture and Rural Development, Honourable Gabriel Adedokun said the Bill is intended to develop strategies to coordinate and implement Agribusiness investment in the State through public, private partnership development.
Speaking after the third reading of the Bill, the Speaker, Hon. Adebo Ogundoyin noted that the agency will be saddled with the duties of providing intensive agricultural extension services to facilitate the rapid development of the State’s agricultural sector.
According to him, the overall goal of this agency is to attract both local and foreign agro-investment, which will encourage efficient agricultural production and improve the income and standard of living of rural families in the State.
“The agency will also be responsible for formation and registration of farmers into agribusiness cooperative groups to ensure easy and structure agro-finance, loans and other incentive for the real farmers.
“It is our aim as government to make Oyo State the agricultural hub of the nation and we are not distracted, we are working hand in glove with the executives and God’s willing we will lift our dear State out of poverty into prosperity.”
Members of the House in their various comments described it as a welcome development, just as they lauded efforts of the Assembly at ensuring passage of the Bill into Law.
The committee Chairman, Hon Adedokun expressed the optimism that the Agribusiness Agency Bill will take the state and the people out of poverty.