Metro

OGSG Calls On Investors To Invest In Crude Oil Exploration In Ogun

ABEOKUTA – The Ogun State Government has called for investors to partner with the state government for crude oil prospect in the state.

The government said this will make the state to attain its full position among the oil producing states in Nigeria.

The Chief Economic Adviser to the governor and Commissioner for Finance in the state, Mr. Dapo Okubadejo who spoke on Wednesday at year 2023 budget breakdown media parley at the governor’s office press centre further disclosed that the government is making efforts to partner with investors on the developmental growth of Olokola Deep Sea Port, in order to turn around the state as the industrial hub of the country.

Okubadejo flanked by other Commissioners; Waheed Odusile (Information), and Olaolu Olabimtan (Budget and Planning), as well as Dr. Nafiu Aigoro (Head of Service) disclosed that the state government through the ministry of Transportation is working towards establishing logistics hub at Wasinmi, in Ewekoro local government area, as well as dry container port at Kajola in Ifo local government area of the state.

The Finance Commissioner equally explained that the government will embark on street light project to increase the power generation capacity of the state.

He noted that, the light up project is part of the I.S.E.Y.A mantra of Prince Dapo Abiodn led-administration, which will make the state a 21st century economy as it leverages on private sector partnerships to accelerate infrastructure interventions.

Okubadejo pointed out that all market places in the state will be light up with the LED solar panel system to produce the same amount of luminosity, especially in the rural areas.

Similarly, the Commissioner for Budget and Planning, Mr. Olaolu Olabimtan explained that the state government adopted a modified zero based budgeting model, to justify every naira spent on infrastructural development.

Olabimtan emphasized that, the government of Prince Dapo Abiodun is embarking on projects with revenue potentials in order to make the state more reliance on IGR than other sources.

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