The Ondo State government is planning to attract investment worth $2 billion to the state towards creating 70,000 new jobs for the unemployed youths and the development of the state.

The acting governor of Ondo state, Mr Lucky Ayedatiwa announced this while declaring open develop Ondo 2.0 Investment Summit in Akure the state capital.

Acting governor Aiyedatiwa said that government would focus on key potentials in agriculture, natural gas and mineral resources, and renewable energy to engage over 100 donor partners and 1,500 investors.

Mr Aiyedatiwa pointed out that the objectives of the summit was aimed at  showcasing Ondo State’s investment potentials, promote it as a premier investment destination and foster conducive business climate for both local and international investors.

Mr Aiyedatiwa added that Ondo state government remained committed to supporting local entrepreneurs and small businesses, recognising them as the backbone of the State’s economy.

In a remark , the deputy resident representative, operation at UNDP Nigeria, Ms Fati Attahiru commended the Ondo state government for the Initiative pointing out that government at all levels must recognize the private sector as a dependable partner to achieve development and tackle economic challenges.


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