Oyo’s investment boom driven by economic reforms, says hospitality expert as Adekanmbi pledges continuity

Economic reforms and investment-friendly policies introduced by the Oyo State Government under Governor Seyi Makinde have continued to attract investors from the diaspora, with stakeholders describing the state as one of Nigeria’s emerging investment destinations.

A hospitality business expert and investor, Mr. Olayiwola Williams, made the remarks on Tuesday while speaking on the growing confidence of investors in Oyo State. 

He attributed the trend to the stable economic policies, business environment and infrastructure development championed by the Makinde administration.

Williams noted that the state’s ongoing transformation, particularly in infrastructure, security and ease of doing business, has renewed the confidence of Nigerians in the diaspora to return home and invest in sectors capable of creating jobs and stimulating economic growth.

He said the positive economic climate created by the present administration has encouraged investors to commit resources to the state’s hospitality and tourism industry, expressing optimism that the momentum would further boost Oyo’s economy.

Reacting, the Allied Peoples’ Movement, APM, 2027 governorship candidate in Oyo State, Hon. Bimbo Adekanmbi, commended Williams for his confidence in the state’s economy and for investing in the sector.

Adekanmbi described Williams’ investment as a demonstration of the growing trust private investors have in Oyo State’s economic potential, adding that such commitments would complement government’s efforts at expanding the state’s economic base and creating employment opportunities.

He said the remarkable developmental strides recorded under Governor Makinde’s administration are visible across the state through the successful implementation of _Omituntun 1.0_ and _Omituntun 2.0_.

According to him, Makinde has removed doubts in policy direction through effective implementation of his economic blueprints, setting the state up for steady growth in revenue and improved quality of life for the people.

“The era of policy trial and error is gone in Oyo State. Makinde’s economic blueprints form the foundation for consolidation and sustainable growth that has been tested and proven as a template to build upon,” he said.

Adekanmbi pledged that if elected, his administration would consolidate on the achievements of the Makinde government through the implementation of _Omituntun 3.0_.

He said the next phase of the development agenda would focus on sustaining ongoing reforms, expanding investment opportunities, deepening industrialisation, strengthening infrastructure, and improving the welfare and living standards of the people.

“Continuity of progressive policies remains critical to maintaining investor confidence and ensuring that Oyo State continues on its path of economic expansion and sustainable development,” he added.

He reaffirmed his commitment to creating an enabling environment where businesses can thrive, assuring both existing and prospective investors that Oyo State would remain open for investment, innovation and inclusive economic growth.

Earlier, the Executive Chairman of Oluyole Local Government, Engr. Akeem Olatunji, who accompanied Adekanmbi to the meeting, said the council was proud to host Williams’ hospitality business.

Olatunji said the council is fully aligned with Governor Makinde’s vision on economic reform and socioeconomic development, particularly at the grassroots.

“Oluyole Local Government is home to many factories and industries in Oyo State and we are proud to also host Mr. Williams’ hospitality business. Since the commencement of their operations, hundreds of jobs have been created and the socioeconomic well-being of our people is being enhanced,” he said.

“This is possible because of the friendly business climate in Oyo State. We will not rest on our oars to ensure that people at the grassroots continue to feel the impact of good governance,” Olatunji added.

He called on the people of the state to align with the sustainability and consolidation of good governance witnessed under the present administration, expressing confidence that Oyo State would witness greater impact under Adekanmbi in 2027.