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DEVELOPMENT Ogun State

Dapo Abiodun Signs Ogun Investment Promotion Agency, Three Other Bills Into Law

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Ogun State Governor, Prince Dapo Abiodun, has signed into law a bill to have a one-stop-shop for investors wishing to establish their companies in Ogun State.

The bill was presented to him for assent by the leadership of the State House of Assembly It is known as Investment Promotion and Facilitation Agency of Ogun State, 2019. Three other bills were also signed into law by the Governor, they are Ogun State Legislative Fund Management Law, 2019; the Magistrates’ Court (Amendment) Law, 2019 and the Customary Court (Amendment) Law 2019.

Governor Abiodun signed the Bills in the presence of the Speaker of the State House of Assembly,c and all other members at a caucus meeting held at the Governor’s Office, Abeokuta. He lauded the lawmakers for passing the Bills which are for the interest of the people within the first 100days of the inauguration of the 9th Assembly.

The Governor said the lawmakers also did well bypassing three other resolutions as he also appreciated them for approving his request for N1.5bn loan to facilitate the Anchor Borrowers’ Programme aimed at producing 40,000 agroprenuers, saying that it would enable the State to participate actively in national economic growth. He noted that agriculture was one of the sectors which his administration intended to revolutionised.
“The Anchor Borrowers’ Programme is one of the programmes under our agricultural sector which is one of the pillars of our vision. We are committed to the revolution of that sector. We see the sector as one that will ensure, apart from food security, employment opportunities to our unemployed youth.

“The Central Bank of Nigeria will provide the loan which will be used in assisting the out-growers for clearing the land and other logistics. Our new agriprenuers would be provided free seedlings and paid allowances until their first harvest, while we supply the extension services,” he said.

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