Oyo State Governor, Seyi Makinde, has reaffirmed his administration’s commitment to expanding the state’s economic prospects, revealing plans to grow the Oyo State Sovereign Wealth Fund to over $100 million by the end of his tenure in 2027.
Speaking at the 2024 Oyo State African Continental Free Trade Area (AfCFTA) Consultative Forum held in Ibadan, Governor Makinde emphasized that while any government can build roads, his vision is to lay the foundation for a lasting legacy and a sustainable future for the people of Oyo State. He highlighted the transformative potential of the AfCFTA initiative, expressing optimism that it would significantly boost intra-African trade and bring tangible benefits to the state.
The governor underscored his administration’s strategy to strengthen the state’s economy and reduce reliance on federal allocations by leveraging trade opportunities, investing in infrastructure, and fostering innovation-driven growth. “Our focus is not just on building for today but on securing the future prosperity of Oyo State,” he said.
Earlier, Ms. Neo Tlhaselo, Chairperson of the Technical Working Committee for the forum, emphasized the importance of the consultative platform for critical discussions on the future of trade, economic empowerment, and the collective roles of stakeholders in achieving shared objectives.
The forum brought together policymakers, trade experts, and stakeholders to deliberate on harnessing AfCFTA’s potential to stimulate economic growth, create jobs, and position Oyo State as a major player in intra-African trade.
...Never miss an update again! Join our WhatsApp group for the latest news, straight to your phone! (Click Here)
