The Manager of state-owned Ondo-Linyi Industrial Hub, Ore, Alex Ajipe, says over $350 million of foreign direct investment has been attracted to boost the economy of the state in the past three years.He said the achievement was in fulfilment of Governor Oluwarotimi Akeredolu’s promise to change the status of the state from a civil servant state to an industrial one.
“As at last count, we have over $350 million of foreign direct investment that has been imported into the state, apart from the one converted to structure, as confirmed by the Ministry of Trade and Investment. “Also, we have MDF Factory which is the first and only one of its type in Nigeria and we have an ethanol factory.
Mr Ajipe, who noted that Ondo State was gradually becoming an industrial hub, said that all necessary arrangements had been concluded to commence operation of a 1,000 tonnes cement factory in the state.
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Source: GuardianNigeria - 🏆 1. / 94 Read more »