Oyo Assembly Passes Bill to Establish Investment Promotion Agency
The Oyo State House of Assembly has passed into law the Executive Bill to establish Investment Promotion Agency.
The bill, which was sent to the house by the Executive, was passed into law at the plenary in Ibadan.
Speaking on the newly created Investment Promotion Agency, the Oyo State Speaker, Mr Adebo Ogundoyin, said the law is aimed at giving necessary legislative backing to plans of the state governor to woo investors into the state.
According to him, the law is to initiate, promote and facilitate investments in the state as one of the cardinal plans of the government to make the state the hub for both local and foreign investors.