OGSG bolster investors confidence.

Ogun State government has taken decisive steps to bolster investor’s confidence in affirmation of its commitment to economic growth.

The state aims to create an optimal business environment and support business expansion initiatives for both existing and potential investors across the region.

The Special Adviser on Investment Promotion and Facilitation (OgunInvest), Ms. Sola Arobieke stated this in her address during the 4th Nigeria National SME Business Awards (NNSBA) 2024, organized by the Association of Small Business Owners of Nigeria (ASBON) at the Civic Center, Victoria Island, Lagos.

Arobieke highlighted that the establishment of the agency by the state governor, Prince Dapo Abiodun, who also chairs the agency, aims to assist investors by facilitating land acquisition and title processes, obtaining necessary regulatory permits and concessions, eliminating bureaucratic obstacles, and offering timely information to streamline business operations in Ogun State.

Speaking on the topic of “Resilience in Uncertain Times,” she disclosed that Nigerian SMEs demonstrate resilience amidst global economic shifts post-Covid. She further revealed that the state government appreciates the resilience of Micro, Small, and Medium Enterprises (MSMEs), stating that the state government will not relent in its efforts to support SMEs in achieving success in their businesses.

Ms. Arobieke, who also serves as the Program Manager of the state’s COVID-19 Action Recovery and Economic Stimulus Program (OG-CARES), further revealed that the state government has been actively disbursing over N710 million out of a total of N1 billion in grants. These grants have been distributed in phases to over 6000 MSMEs across the 20 Local Governments in the State, averaging of N10 million for each association.

She commended the organizers of the Award Ceremony, recognizing the efforts of the Association of Small Business Owners of Nigeria (ASBON) led by Dr. Femi Egbesola and his Executive team. She praised the well-planned and beautifully delivered program, highlighting ASBON’s dedication and excellence in organizing the event.

Earlier in his welcome speech, the Chairman of the Odua Investment Company Limited, Otunba Bimbo Ashiru, who is also the Chairman of the Occasion, emphasized the vital role of SMEs in the global business sector. He highlighted their importance as a significant driver of economic growth and job creation, stating that SMEs are crucial contributors to the economy. They provide direct services and foster growth in various industries.

Earlier in his opening remarks, the President of ASBON, Dr. Femi Egbesola, stated that the association organized the award to recognize the achievements of exceptional individuals who have contributed to the growth of SMEs, mentioning that the criteria used for evaluation are based on their strides throughout January to December 2023.

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