Ondo Summit Will Create $2bn Investment, 70,000 Jobs, Aiyedatiwa Assures

Ondo State acting Governor, Mr Lucky Aiyedatiwa, has revealed that the state was targeting to actualize a sum of $2 billion after the ongoing investment summit in the state.

The three-day summit tagged ‘Develop Ondo 2.0 Investment Summit,’ began on Monday, will end on Wednesday.

The summit was organised by Ondo government in partnership with the Niger Delta Development Commission and other stakeholders.

The event was held at the International Culture and Event Center, Akure.

Aiyedatiwa said the programme was organised to woo investors to the state, to tap into the human and natural resources the state is endowed with.

He said, “To drive investments in these key sectors, the “Develop Ondo 2.0 Investment Summit” aims to attract $2 billion in investments to Ondo State, create 70,000 new jobs, and engage with 100 donor partners and 1,500 investors.

“These targets demonstrate our ambitious vision for a vibrant and thriving economy that uplifts our people and enriches their lives. 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 value to our partners and investors.

“One such success story lies in the corridor of agriculture. Several investors have shown keen interest in agricultural projects, leading to the establishment of large-scale farms, agro-processing facilities, and fruitful partnerships with local farmers. Notably, the “Red Gold Project,” an agricultural initiative implemented by the Ondo State Government, has gained significant traction. This project focuses on promoting the cultivation and processing of oil palm, another major cash crop in Ondo State. The “Red Gold Project” stands as a testament to our State’s commitment to agricultural reforms and the empowerment of our farmers.”

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Aiyedatiwa believes that the decisions and actions taken at the summit would shape the future for generations to come.

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