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Akufo Town Set To Turn To International Market As France Partners Oyo State Govt


Oyo State Governor, Engineer Seyi Makinde says the state government is to partner French Government to turn Akufo town in Oyo state into an International Farm Market.

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He stated this while delivering a keynote address at the 2021 Agribusiness summit held at the International Institute for Tropical Agriculture (IITA), Ibadan.

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The governor urged investors to take advantage of the state numerous competitive potentials including available manpower, arable land to explore the state eco-friendly agric business environment.

He assured the investors who are ready to partner with the state in agribusiness of favourable tax regime.

while reeling out the many comparative advantages of the state and why investors should take advantage and invest in the state agribusiness hub, Governor Makinde stressed that the state was intentional in its deliberate effort to stimulate agribusiness.

The president of, African Development Bank, Dr Akinwumi Adesina who was represented by Dr Martins Fregene tasked the state government to incorporate a competitive agribusiness, build local capacity and climatic adaptation in its strategies.

Also, Director General of IITA, Dr. Nteranya Sanginga said the present government has been proactive in developing the state agribusiness with a contribution of over 800 million naira to the sector through IITA and urged the governor to leave behind a lasting legacy

Earlier the Director-General, Oyo State Agribusiness Development Agency (OYSADA), Dr. Debo Akande, said the state was committed to improving agricultural outputs of the state to regain its lost glory in Agriculture and take many unemployed youths out of the streets.

Other speakers which included, diplomats, financial experts, and agric experts laud the agricultural policies of Seyi Makinde’s led administration.

They however charged the state to fully harness its agricultural potentials to strengthen Its economy.


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