COMMERCE, INDUSTRY, COOPERATIVE AND EMPOWERMENT SECTOR UNDER GOVERNOR ADEGBOYEGA OYETOLA LED ADMINISTRATION. By- IleriOluwa New Media Team

 

The achievements of Governor Adegboyega Oyetola   about 3years in office on the Ministry of Commerce, Industry, Cooperative and Empowerment sector in the State of Osun, under the supervision of Commissioner for Ministry of Commerce, Industry, Cooperative and Empowerment Dr. Bode @Olanipekun and Special Adviser Hon. Mrs Ogunfolaju Christie Sola Oyehan 

*"We will develop a trade free zone while strengthening small and medium Enterprises (SMEs) as a way to enhance their productivity capacity to generate jobs and create wealth. 

We will seek the full development of the proposed mid- regional market hub and establishment of Osun Dry Port through Public Private Partnership. We will refurbish and expand existing markets in major towns."- Governor Adegboyega Oyetola, November 27, 2018.

Ministry of Commerce, Industry, Cooperative and Empowerment is saddle with the responsibilities of promoting commercial and industry development in the State on the platform of cooperative, formal and informal business. 

The following are the initiatives of the Ministry in the year under review:

1. Establishment of International Trade Center and Dry Port at Dagbolu to transform business and commercial activities in the State. 

The economic hub is expected to provide 30,000 direct and indirect employment. 

2. Mobilization of 44 savings group to register with the State's Ministry of Commerce, Industry and Cooperative, while 105 savings groups were also formed within two years. 

3. Post Covid-19 intervention Strategy

The Ministry leverage on the State Economic Empowerment Programme (SEEP) which is an existing programme in the Department for the provision of relief to the People of the State who were negatively affected by Covid-19 pandemic. This is part of the pilot phase of the Post Covid-19 intervention strategy, an initiative of the Ministry of Commerce designed to provide Entrepreneurial Development and Skills upgrading training for 2000 people with a view to generating 15,000 direct and indirect jobs in the State, annually. One - off payment of #100,000,000 Post Covid-19 Economic Intervention Pilot Programme was also made to beneficiaries. 

4. Government has continually provided free train🚆 transportation to interested members of public during festive periods. 

5. Modernization of Atakunmosa Market. 

6 Osun Ethanol Bio- Refinery Factory

7. Development of Omoluabi Free Trade Zone.

8. Support of Trading Association 

Government has facilitated the opening of new frontiers for external exposure on Osun e-commerce platform/ digital economy and also rendered financial assistance to the following trade association in form of loans, vocational training and registration:

1. Potatoes Growers' Association

2. Palm Produce Association

3. Kola nut Association

4. Nigeria Automobile Technicans Association, NATA

5. Rentals Association

6. Association of Table Water

    Producers, ATWAN. 

7. Tilers

8. Shoe Makers/ Cobblers 

9. Tailors. 

8. Organised Private Sector

1. Rejigging of Osun State Chambers of Commerce, Industries, Mines and Agriculture (OSUCCIMA) 

2. Collaboration with Manufacturers Association of Nigeria (MAN) in registering its members from Osun in order to benefit from the Association. 

9. Commerce 

1.Establishment of E-commerce/ Digital Economy Unit in the Ministry to regulate all online enterprises and transactions in the State in an integrated manner a view to boosting the internally generatd revenue of the State and create massive employment.

2. The State has entered into an agreement with private investor to complete the construction of hostel, cinema and other properties situated at Ayegbaju International Market.

10. Investment

The State government has opened talks with quite a number of foreign and local investors who are desirous of establishing their companies in the State. Some of such organization include:

1. Black Donuts Engineering Inc. to establish a establish a tyre producing company in the State. 

2. Alliance for Africa Advancement Progress and Integrity Inc. UK/USA, a group of African in Diaspora seeking partnership with the state government in the area of passengers and freights haulage. The organization intends to pursue the establishment of a dependable and efficient road/ rail mass transit infrastructure.

3. IRHES consulting international, sweden. The consortium intends to partner with the State government in the completion of the airport project, agriculture and allied products and some other viable projects.

4. ACARCIA integration GMBH which intends to partner with the State government in various sectors of the economy.

5. Black Cann Ltd.,an indigenous material recovery and recycling company which intends to embark on the purchase of various unserviceable and obsolete metal scrap in the State and turn them into wealth. 

6. EGAAD Egypt African Arab Company Development.

7. BYKA Sustainability Group Inc. Proposing partnership with the state government in the area of agriculture.

11. Cooperative Activities

In Over two years (from November 2018) a total of one thousand and ninety-four (1,094) societies were registered while about eight hundred and forty(840) societies were revalidated. 

12.Osun Microcredit Agency

The State Government through the Osun Microcredit  Agency empowered 5,296 beneficiaries with the total sum of two billion, two hundred and twenty- five million, six hundred and eight-six thousand Naira only (N2,225,686,000.00) across the 30 Local Government Councils and the Area Office in the State since 2018. 

Under the administration of Governor Adegboyega Oyetola, the Agency empowered 311 youths with total sum of ninety-one million and one hundred and forty thousand naira (N91,140,000.00) disbursed to different categories of informal sectors. 

Consequently, between March and August , Year 2020, a sum of twelve million and two hundred thousand naira (N12,200,000.00) was disbursed to three to three different groups of farmers, namely: tomatoes 🍅 farmers, Cassava farmers and Agbewumi Farmers' (Cocoa) Mutilpurpose Cooperative Society. 

13. Empowerment

The State government has rendered assistance to individuals, especially the youth and corporate bodies in form of loans to reduce poverty, unemployment and also improve industrial activities in the State as highlighted below:

1. Empowerment of people in the production of good and service through entrepreneurship skills. 

2. Loans disbursed to qualified and organised bodies which have facilitated the establishment of cottage industries and business clinic.

3. Reduction of poverty through the creation of sustainable wealth and collaborate with Non- governmental organization (NGOs) in the State in rendering and organizing technical skills training for beneficiaries. 

#osunat30