By Fresh Facts Magazine Staff
Osun State government, under the leadership of Governor Ademola Adeleke has said, it has secured $100 million investment with United Kingdom group of investors.
In a strategic move to boost Osun State’s economy, Governor Ademola Adeleke has secured over $100 million in investment deals during his recent official visit to the United Kingdom. According to a statement issued by the Governor’s Spokesperson, Mallam Olawale Rasheed, the deals span critical sectors including agriculture, water, tourism, and the revitalization of the state’s Free Trade Zone.
Mallam Rasheed emphasized that the Governor’s UK trip was part of a well-structured mission to strengthen Osun’s investment climate and attract international partnerships. He also dismissed rumors and misleading information being circulated about the trip, describing them as fake news and politically motivated fabrications.
“The Governor’s participation at the 2025 Commonwealth Business Investment Conference was anchored on clearly defined objectives,” Rasheed said. “These included updating the global investment community on Osun’s ongoing infrastructure upgrades and showcasing our commitment to a more business-friendly environment.”
Key highlights of the Governor’s UK engagements include:
- Investment-Friendly Reforms: Adeleke presented Osun’s newly adopted unified tax system designed to eliminate multiple taxation, along with a 45-day processing window for Certificates of Occupancy, and a one-stop investment processing center.
- Free Trade Zone Revamp: Osun’s Free Trade Zone was spotlighted as a prime opportunity for UK and European businesses looking to explore new markets through the free trade zone model.
- Infrastructure Development: The state’s strides in reducing infrastructure deficits—currently down by 45%, with a projected 75% reduction by 2025—were showcased. Key areas highlighted include roads, bridges, health facilities, and other social infrastructure.
- Formal Investment Framework: A Memorandum of Understanding (MoU) was signed with ESG Consulting Group to establish a structured investment facilitation framework. This agreement aims to interface with the UK Prime Minister’s Trade Envoy and other potential investors.
- Secured Investment Deals: The Governor successfully secured a total of $100 million in investments during a high-level signing ceremony attended by the UK Prime Minister’s Trade Envoy to Nigeria, Hon. Florence Eshalomi.
- Strategic Business Alliances: Osun State entered into a collaborative framework with the Nigerian-British Chamber of Commerce and Industry. The initiative, also involving the Osun State Chamber of Commerce, is aimed at fostering a tripartite partnership with the UK Chamber of Commerce.
- Cultural Collaboration: In a move to preserve and promote cultural heritage, the British Museum entered a partnership with the Osun State Government to digitize cultural assets and develop cultural tourism. The collaboration acknowledges the historical connection between the Museum and Ile-Ife, the spiritual heart of the Yoruba nation.
- Engagement with the Diaspora: Governor Adeleke also hosted a two-day interactive session with Osun indigenes in the UK, engaging in extensive feedback and brainstorming sessions on governance and development strategies.
This visit marks a significant milestone in Osun State’s economic diplomacy, laying the groundwork for sustainable development and global partnerships that could redefine the state’s investment narrative.
