Aiyedatiwa: Ondo Investment Summit Will Attract $2bn To The State


The Acting Governor of Ondo State,Hon. Lucky Aiyedatiwa, has said the state organised “Develop Ondo 2.0 Investment Summit” is aimed at attracting $2 billion investments to Ondo State.

Aiyedatiwa stated this on Monday in Akure,while declaring open the state-organised investment summit, which he said would also create 70,000 new jobs,and engage with 100 donor partners and 1,500 investors.

He said that the realm of renewable energy pointed to us a greener and more sustainable future.

The acting governor said that Ondo State was blessed with abundant renewable energy sources, such as solar and biomass, making it an ideal location for investments in renewable energy generation and related infrastructure.

Aiyedatiwa noted that the tourism sector held enormous promise, with the state’s captivating landscapes, wildlife reserves, historical sites, and cultural heritage which already attract visitors from far and near.

“This summit is the second of its kind, building upon the success of its precursor, “Develop Ondo 1.0.”

“It serves as a platform to connect stakeholders from diverse sectors, facilitating constructive dialogue, knowledge sharing, and the forging of strategic partnerships that will be the catalyst for accelerated development in our State.

“The “Develop Ondo 2.0” theme reflects our unwavering commitment to growth and progress, with the number “2.0” symbolising our drive for continuous improvement and innovation.

“The response from potential investors thus far has been highly encouraging, with growing interest in exploring the investment opportunities that Ondo State offers.

“Our previous summit has borne witness to remarkable success stories, illustrating the effectiveness of this platform in attracting Investments and fostering economic growth in our state and enormous values to our partners and investors,” he said.

Earlier, the Director General of Ondo State Performance and Project Implementation Unit (PPIMU),Mr Babajide Akeredolu, said as a delivery unit, his office was committed to ensuring that the goals and objectives of the present administration were achieved.

“We have prioritized Collaboration, Communication, Collection (of data) and Coordination as key success pillars on this mission.

“We firmly believe that the marriage of development and investment promotion is essential for the sustainable growth of our state,” he said.

The United Nations Development Programme (UNDP), Deputy Resident Representative (Operations), Nigeria, Ms Fati Attahiru, in her address expressed the readiness of UNDP to support and collaborate with the state towards building a sustainable and inclusive economy that leaves no one behind.

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