The Ondo state government has said all the proposed initiatives and commitment made at the just concluded Develop Ondo Investment summit would be throughly followed up and monitored by the state Performance and Project Implementation Monitoring Unit (PPIMU) towards making it action plans for service delivery and the development of the state.

The Acting Governor of the state, Lucky Orimisan Aiyedatiwa stated this during the closing ceremony of Develop Ondo Investment summit held in Akure, the state capital.

Aiyedatiwa said, “During the summit, we had the privilege of hearing from both the private and public sectors, gaining valuable insight into the potential of renewable energy sources, harnessing our mineral resources and charting a path towards sustainable energy for the future of our great sunshine state.

“Reaffirming our commitment to creating a conducive and attractive investment climate. Their valuable contributions have set the stage for meaningful partnership between the government and private investors, fostering an environment that would drive economic growth and development across all sectors.”

According to Ayedatiwa, the commitment made and the initiatives proposed during the summit would not remain mere works on paper; they would become action plans that drive results with state Performance and Project Implementation Monitoring Unit (PPIMU) playing a crucial role in monitoring the execution of the plans.

He restated the commitment and determination of the state government to create a conducive and attractive investment climate in the state.

He said the insights gained, the cornerstone of our collective efforts would steer the state towards greater prosperity and progress.

Aiyedatiwa urged all stakeholders to sustain the spirit of collaboration and dialogue that has been the hallmark of the summit.

He commended the Local Organising Committee (LOC), comprising of critical executive council members for their incredible hard work in bringing the summit to fruition.

“I also acknowledge our esteemed International partners, the European Union and the United Nations Development programme for their invaluable support to the state.

Speaking during the final plenary on the theme: partnership and funding for development, Regional Manager, Bank of Industry, BOI, Michael Oye said businesses have grown tremendously in Ondo State and Nigeria in general.

Oye said “BOI has been able to provide funds for SMEs and other critical investments. It is interesting to know that some of these businesses have been there for years. 

“Some of them who do not have the capacity to take more than N100m loan before can now take N1b loan, this is indeed a sign of growth.”

He said BOI would continue to partner the state in the area of critical investments towards the development of the state.