Mojisola Dosunmu, director, industrial promotion, Ogun State Ministry of Commerce and Industry, has disclosed that seven factories, in addition to about 68 companies that have already opened shops across the state in the last four years, are ready for commissioning.
She spoke against the backdrop of the state government’s commitment to the promotion and development of industrial activities, which have provided economic platforms for the industrial extension services and training of micro, small and medium-scale enterprises.
Dosunmu, who revealed that necessary infrastructure had been put in place at the three technical incubation centres across the state, said adequate information on basic raw materials available within the state were being exhibited at the State Raw Material’s Display Centre at Oke-Mosan, State Government Secretariat in Abeokuta, for the benefits of would-be investors.
“Presently, seven factories are ready for commissioning and this will further boost the state economy. I can also tell you that all our efforts have begun to yield great results as the state can boast of 68 companies facilitated by this administration in the last four years,” she said.
Meanwhile, Governor Ibikunle Amosun has said that a total of N534 million had been disbursed as loans in collaboration with Bank of Industry (BoI) to about 108 qualified societies in the agricultural, non-agricultural and small-scale businesses across the state.
The governor, who was represented by Modupe Adekunle, state sead of service, at the 2015 International Co-operative Day celebration held recently in Abeokuta, also said government had approved the release of N500,000 as annual subvention for the State Co-operative Federation Limited (OGSCOFED).
While explaining that government took the steps to fight poverty, promote industrialisation and food security, the governor said “this administration embraces co-operative business model as a weapon to fight poverty, promote industrialisation and food security.
“Hence, the partnership of this state with the BoI has provided loans worth N534 million to about 108 qualified societies, both agricultural and non-agricultural productive cooperatives as well as small businesses. Even the N500,000 year 2015 annual subvention has been approved for release to the OGSCOFED Limited.”
News Source: Business Day
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