As part of efforts to improve and attract local and foreign investors to Ondo state, economic and financial experts converged on Ondo town to chart a course for sustainable economic growth and development of Ondo kingdom.
Speaking during the inaugural summit, the Chief Executive Officer and General Manager of Ore Industrial Park, Femi Akinkuebi, said the summit was a joint endeavor aimed at complementing the economic strides of the Akeredolu administration in the Ondo Kingdom.
He described the summit tagged ‘Ondo Development and Economy Summit,’ as apt, noting that the summit brought together economic and financial experts from Ondo kingdom to chart a course for sustainable economic growth in the Ondo town and its environs.
He said the recommendation and implementation from the summit will help to fulfill the long term objectives of the Ekinvest Eki Industrial Hub and called on privileged elites from Ondo community worldwide to collaborate with governments at all levels.
He said the partnership aims to drive development that benefits everyone, attract more investment, and stimulate economic activities in the town.
“The Eki Industrial Hub, a product of the community’s economic summit, is designed to create a business-friendly environment for both local and international investors.
“Notably, one of its standout features is uninterrupted power supply, ensuring that industries within the hub can operate efficiently without disruptions and this will allow industries to focus on their operations and boost productivity.
“The establishment of the Ekinvest Eki Industrial Hub also aims to foster collaboration with the state government in facilitating the development of essential infrastructure such as roads, electricity, and other critical incentives required to catalyze industrialization”
He disclosed that one of the Eki Industrial Hub’s most vital attributes is the vast expanse of 250 acres of land, accompanied by its consistent power supply.
“This aspect guarantees that industries within the hub can operate without interruptions, mitigating potential losses stemming from power outages.
“This uninterrupted power supply empowers industries to concentrate on their operations, subsequently enhancing productivity” he said.
The Chairman of Ekinvest Company Limited, Mr. Bimbo Oladapo, urged the indigene of Ondo kingdom not to rely solely on the state government for the development of the kingdom
He encouraged the sons and daughters of the kingdom to return home and invest in the community, emphasizing that the prosperity of the kingdom secures the future for generations to come.
A former House of Representatives,.Hon. Joseph Akinlaja, while highlighting the economic prosperity of the kingdom said the potential of Ondo community’s unique assets will attract employers and investments.
A distinguished and influential member of Ekinvest, Dr. Nelson Osungbemiro, stressed that leveraging on the assets in Ondo Kingdom is a paramount strategy for stimulating the local economy and generating communal wealth.
The Osemawe of Ondo Kingdom, Oba Victor Ademefun Kiladejo, also called for concerted efforts in driving more projects to sustain the ongoing progress in the kingdom.
He emphasized that community development transcends government programs and should engage all stakeholders, including neighbors, businesses, and non-profit organizations, in taking pride and ownership of the community.
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