Ekiti State government would soon present a bill that will encourage
investors to bring their businesses to the state and promote
The Commissioner for Investment, Trade and Industries, Chief David
Olusoga, disclosed this in his office while receiving members of the
House Committee on Investment, Trade and Industries, led by its
Chairman, Hon. Yemi Osatuyi, who were on a monitoring visit to the
ministry as part of their oversight functions.
Chief Olusoga said that the Governor was determined to develop the
state through investment and industrial revolution, adding that the
document to be known as Enterprise Development Bill would create a
more conducive atmosphere and motivational strategies that would
attract investors to the state.
While calling on the committee members to accord legislative support
to its speedy passage, the Commissioner said that the state would soon
access the 500million naira Central Bank of Nigeria (CBN) Small
/Medium Scale Enterprise loan to be disbursed to cooperative societies
in the state.
He appealed to them to assist in the resuscitation of the near
moribund Ekiti State Cooperative College in Ijero so as to make the
institution one of the best in Nigeria.
In his remarks, the Chairman, House Committee on Investment, Trade and
Industries, Hon. Yemi Osatuyi said that the committee was in the
ministry to monitor and familiarize itself with the happenings as part
of its oversight functions, adding that much of the ministry’s
achievements and challenges have been made known during the
Commissioner’s visit to the house.
Hon. Osatuyi charged the leadership of the ministry to fashion out
ways of projecting the Cooperative College to the public for
patronage, with an advice for them to facilitate its possible
affiliation to the State University as well as introduction of
part-time courses in the school.
The Lawmaker advised the management of the ministry to engage the
service of commercial banks in the disbursement of the proposed CBN
/SME loans to avoid defaults in its repayment.
He assured that his committee would support the ministry in whatever
capacity its assistance might be required.
The Chairman was accompanied on the visit by other members, including
Hon. Olajide Adegoke and Hon. Kemi Balogun.