Oyo’s investment boom driven by economic reform – hospitality expert says as Adekanbi vows sustainability

The 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 in Oyo’s hospitality industry, 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 and business environment as well as 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 maintained that 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 People’s Movement (APM) 2027 governorship candidate in Oyo State, Bimbo Adekanbi, commended Williams for his confidence in the state’s economy and for contributing to its development through meaningful investments in the sector.

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

He assured residents and prospective investors that the remarkable developmental strides recorded under Governor Seyi Makinde’s administration are visible across the state through the successful implementation of Omituntun 1.0 and Omituntun 2.0.

He explained that Makinde has removed all forms of doubts in policy direction through effective implementation of his economic blueprints thereby setting the state up for steady growth in revenue and improved quality of life for the people.

He added that the era of policy trial and error was gone in Oyo state as Makinde’s economic blueprints forms the foundation for consolidation and sustainable growth that has been tested and proven beyond all reasons doubt as a template to build upon.

According to him, the reforms initiated by the current administration have laid a solid foundation for sustainable economic growth, making Oyo State increasingly attractive to both local and international investors.

The APM governorship standard-bearer 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.

Adekanbi stressed that 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 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 Hon Bimbo Adekanmbi to the meeting, said the council was proud to host such huge hospitality business owned by Mr Williams.

He said that the council is fully aligned with the vision of governor Makinde on economic reform and socioeconomic developer, particularly at the grassroots.

“Oluyole local government is home of many factories and industries in Oyo state and we’re proud to also host Mr William’s hospitality business as their landlord. Since the commencement of their operations, hundreds of jobs have been created and socioeconomic well-being of our people are being enhanced.

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

Olatunji, who called on the people of the state to align with sustainability and consolidation of good governance already witnessed under the present administration, expressed confidence that Oyo state will witness greater impact of good governance under Adekanbi, who he prayed succeeds Governor Seyi Makinde come 2027.