Ogun State Govt. Set To Reform Industrial Sector

Channels Television  
Updated June 9, 2016

Industrial sector, Ogun stateThe Ogun State Government has affirmed the readiness of the government to deepen reforms in the industrial sector of the state economy, to attract more foreign direct investment to the state.

The Commissioner for Commerce and Industry, Mr Bimbo Ashiru, made the disclosure in Abeokuta, the state capital during the 3rd annual retreat on the promotion of industrialization, organized by the Ogun State Ministry of Commerce and Industry.

Mr Ashiru challenged participants to be up and doing as the state makes giant stride in the industrialization drive.

He said that the state has grown its foreign direct investment to a level of no return.

As a strong emerging economy in the country, he noted that Ogun State has been named among the top five states where businesses are done with ease.

But while the state is proud of this feat, the state government was asked to evolve reforms in some sectors to further reduce the challenges of doing business in the state.

Guest Lecturer, Wole Adeyanju, challenged the state government to create a specialized commercial court to effectively deal with industrial disputes and improve protection for small businesses operating in the state.

The 3rd edition of the retreat was attended by the commissioners, the Head of Service and senior members of the Ministry of Commerce and Industry.

It was to evaluate past performances of government in its industrialization drive and proffer ways of doing business in the state with ease, as well as equipping officers with requisite knowledge to fast track industrial development.

At the end of the retreat, participants are expected to come out with new ways and resolutions that would aid and ensure industrial promotion of the state.