In the past one year, Governor Seyi Makinde’s administration has focused on expanding the economy of Oyo State using agribusiness as a driver. As a result of the efforts, the Internally Generated Revenue of Oyo State increased by 42.23% year on year; the second highest growth of all 36 states in Nigeria. Also, the efforts towards ensuring food security are yielding results. Oyo State recorded the lowest food inflation rate in Nigeria in February 2021.
The Governor Seyi Makinde led government has also gone into partnerships with the private sector to resuscitate moribund state-owned companies such as the Agbowo Shopping Complex, Ibadan and the Pacesetter Quarry and Asphalt Plant, Ijaiye (handed over to concessioners in May 2020).
Below are some of the projects in Economy in the past one year:
Pacesetter Quarry and Asphalt Plant – PPP
Agbowo Shopping Complex – Remodelling and conversion into premium commercial real estate and a 4-star hotel. (ongoing)
Oyo State Agribusiness Development Agency (OYSADA), Saki – Remodelling and upgrade of the existing facilities and construction of guest chalets.
Fasola Agribusiness Industrial Hub, Fasola, Oyo – Construction of an agrotourism destination with agro industries, resort facilities and farms. (ongoing)
Oyo State-IITA Agribusiness Incubation Park Centre, Aawe, Oyo – Upgrade of former moribund RCDC into an agribusiness hub with farms, processing plants and residential facilities for training youths
Start Them Early Program (STEP) STEP introduces agribusiness to secondary school students and currently runs in 7 schools in all zones of Oyo State. The schools are upgraded and additional facilities are constructed to meet the requirements of the training. STEP runs in the following schools:
- Fasola Grammar School, Fasola
- Bishop Phillips Academy, Ibadan
- Methodist High School, Ibadan
- Christ High School, Oleyo
- Adegun Asake Grammar School, Igangan
- Iresaadu High School, Iresaadu
- UMCA Secondary Grammar School, Igbeti