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By Yso Oladunni, a Member of the GSM Advocates
In a bold move aimed at catalyzing economic growth and attracting foreign investment to Oyo State, Governor Seyi Makinde recently embarked on a high-profile business trip to Casablanca, Morocco.
The trip, which was characterized by a series of strategic meetings with key stakeholders, underscores the governor’s unwavering commitment to driving sustainable development and prosperity in the state.
At the heart of Governor Makinde’s mission was a series of meetings with Africorp Consortium, a leading conglomerate in Morocco, led by Chairman Saad Berrada Sounni and CEO Mr. Jaafar Harti.
Africorp Consortium, the parent company of Dolidol, a renowned manufacturer of foam products, recently acquired Mouka Foam and is poised to establish a multi-million-dollar factory in Ibadan, the capital city of Oyo State.
During the meetings, Governor Makinde and his delegation laid the groundwork for a mutually beneficial partnership with Africorp Consortium, aimed at leveraging the company’s expertise and resources to boost Oyo State’s economy. One of the key highlights of the trip was the signing of a memorandum of cooperation between the Oyo State government and Africorp Consortium, solidifying their commitment to collaboration across various sectors.
The memorandum of cooperation encompasses a wide range of business interests, including agro-industries, mining, education, mattress manufacturing, wood carpentry, and PET recycling.
This strategic partnership holds immense potential for driving job creation, fostering innovation, and stimulating economic diversification in Oyo State.
By harnessing the collective strengths of both parties, the collaboration is poised to unlock new opportunities and propel the state towards sustainable growth and prosperity.
Governor Makinde’s proactive engagement with Africorp Consortium exemplifies his visionary leadership and strategic foresight in positioning Oyo State as a prime destination for foreign investment.
By fostering strong partnerships with reputable international companies like Africorp Consortium, Governor Makinde is laying the groundwork for transformative development initiatives that will benefit the people, residents, and youth of Oyo State for generations to come.
Furthermore, Governor Makinde’s administration has already taken concrete steps to facilitate the establishment of Africorp’s multi-million-dollar factory in Ibadan. Land has been allocated for this purpose, and Africorp has fulfilled all necessary requirements, including payment of fees and taking possession of the land.
This proactive approach underscores the government’s commitment to providing a conducive business environment and removing barriers to investment in Oyo State.
As Governor Makinde returns from his successful business trip to Morocco, the stage is set for a new era of economic prosperity and growth in Oyo State.
With strategic partnerships forged and investment opportunities unlocked, the governor’s vision of a vibrant, dynamic, and inclusive economy is steadily becoming a reality.
As the state embarks on this transformative journey, Governor Makinde’s leadership shines as a beacon of hope and progress for the people of Oyo State.
In the words of Governor Seyi Makinde, “We are looking forward to welcoming Africorp Consortium to Oyo State and harnessing the immense opportunities that this partnership brings. Together, we will build a brighter future for our state, one that is defined by prosperity, innovation, and inclusive growth.”
