Ogun Govt To Partner Private Investors On Energy Project - EDU-BIZNEWS


Friday, July 7, 2023

Ogun Govt To Partner Private Investors On Energy Project

Ogun State Government has revealed its intention to partner with the private sector in the execution of more energy projects, especially in the rural areas, as part of its drive to ensure even development through the provision of electricity for residents

Permanent Secretary in the Ministry of Rural Development, Mr. Adetayo Olutimilehin revealed the plan during a meeting with stakeholders in the energy sector in Abeokuta, the state capital 

 Olutimilehin said the provision of low-cost efficient and reliable electricity for the use of the rural dwellers would enhance their socio-economic activities, contribute to employment generation, boost productivity, and discourage rural-urban migration.

He noted that investing in the energy sector was an avenue to generate revenue for both the State government and investors, enjoining relevant stakeholders to ensure credibility in the execution of the proposed projects.

 The Permanent Secretary noted the anomalies in the past Memorandum of Understanding (MoU) with investors would be corrected, imploring all concerned Ministries, Departments and Agencies (MDAs), to work as a team at ensuring efficient service delivery.

Also speaking, the representative of Ogun-INVEST, Mr. Adekunle Adegbite, said the agency would ensure that prospective investors are captured and accredited, emphasised the need for relevant MDAs to liaise with the agency before proceeding to sign any MoU with investors.

 On her part, representative of the Ministry of Urban Development and Physical Planning, TPL. Olufunmilayo Adegunle said it was essential to ensure that investors should get government permits, land titles and other relevant documents before embarking on business, in order to generate more revenue for the State coffers.


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