Osun is Enticing to Investors - Aare Dele Momodu

Osun State is the cradle of Yoruba nation, the heartland of South Western Nigeria. This is the cultural capital of highly developed Yoruba people with descendants in South and North America;

Osun State is an economically and educationally rich state, boasting of huge solid mineral resources, highly literate population, heavy multiple University presences, varied agricultural potentials and a billion dollar developing cultural industry;

Osun is an unusually peaceful state within a turbulent but extremely great nation, a state that accepts non-indigene with open arms and support non-native business ventures and activities with native hospitality and patronage;

Osun is a natural tech hub of the Federation as its sons and daughters dominate the tech innovation world and with the state already building a digital economy to tap into the acknowledged talents of young Osun tech enthusiasts;

We are all gathered here to drum up support for inflow of investment into a state with an ambitious Governor, a widely traveled leader and a 21st century manager who is positioning the state as investors’ first choice within the comity of states;

My pitching Osun today is not out of mere filial affiliation. I am Osun and Osun is me. But it is more than that. The case for Osun as an investment destination is strong and evidence based;

The state possesses a rich investment landscape across the sectors. From agricultural to mining processing to digital economy, the state of the living spring confronts potential investors with enticing possibilities. From the richly, European like Owalla dam for inland beach resorts to the mesmerizing Erin Ijesa waterfalls to the multi-billion dollar cultural assets, there is no better place to invest that Osun;

Beyond the natural investment potentials, I review trade logistics and I am confronted with appealing reality. One is the national railway line that traversed the heartland of the state. Then I saw the government masterplan for an international airport with a cargo terminal integrated alongside a free trade zone;

Free trade zone? Yes. Airport of international standard? Yes. Railway link directly to Apapa port in Lagos? Yes. Trade logistics and connectivity are top notch;

What of internal infrastructure? Osun as a highly urbanized city is implementing a multi-sectoral , multi-billion naira infra upgrade across health, education, roads , water and environmental sectors. The major towns are construction sites alongside huge construction ongoing across the local governments to enhance rural – urban connectivity;

As an investor, the destination is not ripe by possessing all the above. There must be something else which can actually tip the balance of decision making;

Are there legal frameworks? Are there policy frameworks for the various sectors?

Again, Osun beats all limitations with the state Governor running a battle of policy coverage for the state economy. From November 2022 to date, my investigation showed that the state has successfully established state policies covering several critical sectors;

Aside the state Industrial Development Policy, Osun now has a state ICT policy, State Tech Innovation Policy, State Electricity Market policy, State Transport policy, State Mining policy among others ;

Investors thus have nothing to worry about in the area of policy frameworks. In many cases, the policies are being transformed into actual state legislations. This deepens assurance frameworks for investors;

One of the biggest unique selling points for the state aside from all the above rare features is the Adeleke family, a dynasty with entrenched interest in the national economy and the entertainment world. The Governor and his family are in reality one of the biggest insurance and magnet for investors;

To the diaspora population, my charge is to make hay while the sun shines. Rush to Osun to take a piece of the pie;

To the global investment community, Osun is a goldmine that has more than gold. As a globally traveled serial entrepreneur myself, Osun represents the first choice. No investor will regret putting his money into such a potentially buoyant state economy.

● TEXT OF A PRESENTATION BY AARE DELE MOMODU AT THE OSUN INDUSTRIAL INVESTMENT SUMMIT HELD AT OSOGBO