Afrexim Bank Assures Ogun Govt.Of More Investment In Transport, Health, Others - EDU-BIZNEWS


Thursday, September 30, 2021

Afrexim Bank Assures Ogun Govt.Of More Investment In Transport, Health, Others

AfreximBank has assured Ogun State Government of more Investment in heath, transport and other key sectors of the  economy, to consolidate on the position of the State as Industrial hub of Nigeria 

The out-going Regional Chief Operating Officer of the bank in Anglophone West Africa, Mr. Abdoulaye Kone gave the assurance during his meeting with the State Commissioner for Finance and Chief Economic Adviser, Mr. Dapo Okubadejo in Abeokuta 

He added that the bank's Quality Assurance Centre project would soon be completed 

Edu-Biznews recalled that the bank began the construction of the  Quality Assurance Centre in the State  on 25th of  February 2021.

 The Centre according to the African sub-regional bank, is expected to commence operations by the second quarter of 2022, to provide more than 400 jobs in the local area, including over 180 in the highly skilled areas of quality assurance, testing, inspection, and certification. In addition, an on-site training academy will provide the public and private sector with training in standards and quality assurance, as well as the skills necessary for businesses to compete in regional and international markets.

The AQAC is strategically located on a 5-hectare plot of land allocated by the Ogun State Government along the Lagos-Ibadan Expressway. 

The project site is 65km from Lagos, Nigeria’s main port city and commercial capital, and 75km from Ibadan, a major commercial and industrial hub in south-western Nigeria. 

It is also at the center of a region known for export agriculture.

Responding,the commissioner assured that   the  State Government would soon  continue to collaborate with donor agencies and private organisations to foster economic growth and ensure prosperity of its people 

Okubadejo, during the meeting reassured the African Export-Import Bank (AFREXIBANK), led by its new Regional Chief Operating Officer, Anglophone West Africa, Mr. Eric Intongin, in Abeokuta

He explained that the need to seamlessly drive partnership by the Prince Dapo Abiodun led administration, informed the passage of the Public Private Partnership (PPP) law and setting up of its office.  

The Chief Economic Adviser identified the proposed agro-cargo airport, deep seaport, development of various economic clusters, special agro-processing zones, among others, as some of the government’s initiative to further entrench the State as the investors’ destination of choice in the country.

Okubadejo who appreciated the  role of AFREXIMBANK to the overall economic growth of Africa, stressed that Ogun State would continue to play a critical role in  the development of Nigeria due to its location and size.

His words,“Ogun State is very key to the objectives of AFREXIMBANK, because we are the leading manufacturing and industrial hub for Nigeria by virtue of our size. Being the center of industrialisation in Nigeria, it will mean that as we embark on all the reforms that this administration has commenced, it behooves us to look for worthy partners that will work hand in hand with us in the economic development of this State”

Also speaking, the State  Commissioner for Health, Dr. Tomi Coker appreciated the Bank for its contribution to the health sector, sought for more collaboration in the overall wellbeing of the people.

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