By; Niyi Ogungbola, Abeokuta.
Ogun State Government has disclosed that its economic policy would give priority to promotion of homemade products and encouragement of young entrepreneurs to create wealth and ensure industrial growth of the state.
The State Governor, Senator Ibikunle Amosun while unveiling the 3rd edition of the Investor’s forum, slated for May 10 and 11, 2016 in Abeokuta with the theme; “Environment, Agriculture and Transportation; Ogun State Open For Business” said “until we begin to promote locally made goods and products, encourage native cottage industries to thrive, we may not achieve industrial growth’’.
Amosun noted that industrial development in Nigeria was suffering not only from outright rejection but also as a result of capital flight as most products consumed in the nation are imported mostly from Asia among others.
He explained that this has affected the capital base of local manufacturers to create employment.
He said the imminent State Investor’s Forum would open investors to new horizon in Environment, Agriculture and Transportation which it’s set to take full advantage of.
The Governor maintained that his administration would focus more on patronage and consumption of local products, adding that all the souvenirs to be used at the forum would be contracted to local manufacturers so as to encourage them.
He cited the Communist China industrial policy which turned China into a competitive industrial nation, saying his administration would not hesitate to adopt such industrial ideology to grow its local industries.
The Governor, while fielding questions from both local and foreign journalists on the upcoming forum, highlighted the gains of the first and second editions of the event as well as the prospects the third edition would bring to the state.
He noted that the forum had attracted more investors who have latched on the economic advantage inherent in the state’s conducive environment.
He further assured them that the 2016 edition would expose the investors and other people to economic opportunities in environmental management, agricultural value and industrial growth.