Akeredolu promises potential investors tax moratorium 

Admin 15 Nov, 2017 News

By Sade Adewale
Ondo State Governor, Arakunrin  Oluwarotimi Akeredolu SAN, has promised potential investors, whose activities could be seen in tandem with the vision of the state government, tax moratorium.

The Governor gave the promise at the 2017 Annual Chamber Dinner of the Canada-Nigeria Chamber of Commerce on Victoria Island, Lagos.

The governor, who was represented by Otunba Timehin Adelegbe, the states Commissioner for Commerce, Industry and Cooperative Services, said the government would do all possible means to tackle poverty in the state through industrialisation.

He added that his administration would adequately provide security for all those that would choose the state for legitimate businesses.

According to him, the state is blessed with inexhaustible reservoir of skilled labour that can be integrated into industries without stress.

Akeredolu opined that there is a package of incentives for prospective investors such as easy acquisition of land and issuance of certificate of occupancy for the land required for economic activities.

” Our administration just launched  Ondo State Development and Investment Agency (ONDIPA) meant to guide investors to accelerate the pace of industrial development through efficient distribution and development of human, mineral, agricultural and forest resources.

“We have proposed to turn Ondo State to an investment hub and destination of choice for investors and while legal frameworks have been put in place to pursue this,” he said.

The governor enumerated some resources available in the state such as: crude oil, natural gas, bitumen, limestone, kaolin, granites, silica and ball clay meant for commercial exploration and exploitation.

He added that the mainstay of  the economy for the state is Agriculture and that the present administration is modest to sustain it considerably.

He said that the state is the most peaceful in the oil rich Niger Delta region and one of the places in the country where the time-tested of hospitality is unforced.

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