Home Business Oyo Assembly Passes Agribusiness Development Agency Bill into Law

Oyo Assembly Passes Agribusiness Development Agency Bill into Law

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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.

 

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