By Iyabo Adebisi
Oyo State Government and Euro FMCG Universal Beverages Limited, Singapore, have entered into a partnership to develop the Oluyole Free Trade Zone.
The Chief of Staff to Oyo State Governor, Mr Segun Ogunwuyi represented by the Commissioner for Budget and Economic Planning, Professor Musibau Babatunde, stated this while handing over 500 hectares of land along Lagos-Ibadan Expressway, Oluyole Local Government Area, to Euro FMCG under the Public-Private Partnership arrangement.
According to Mr Ogunwuyi, the partnership aligned with the vision of the state to drive and expand the state’s economy as outlined in Governor ‘Seyi Makinde’s Roadmap to Sustainable Development Agenda (2023-2027).
He noted that the land for Oluyole Free Trade Zone was acquired during the last administration and that the Governor Makinde administration would clear all the accumulated and outstanding debts, thus providing the opportunity for the state to utilize the facility by making it possible for investors to take over the space for industrialization purposes.
Mr Ogunwuyi, while assuring the investors of maximum security and support of the state government to fast-track the project, warned land grabbers to steer clear of the area or face the full wrath of the law.
Earlier, the Director of Operations and Business Development, Euro FMCG Universal Beverages Limited, Mr Rajesh Koleti stated that the project which include warehouse, agricultural processing and logistics would create 5,000 direct jobs for residents of the state within the next 24 months.
Mr Koleti thanked Governor Makinde for his unwavering commitment to creating conducive environment for investors and ensuring the ease of doing business in the state.
Present at the event were the Commissioner for Lands, Housing and Urban Development, Mr Williams Akin-Funmilayo; committee members of the Oluyole Free Trade Zone and In-House Counsel for Euro FMCG Universal Beverages Limited, Mr Akin Apara, among others.
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