Reported by: Ijeoma G | Edited by: Henry Owen
Ondo State is rapidly transforming from a predominantly civil service-driven economy into one of Nigeria’s most promising destinations for business and investment, thanks to the proactive reforms of Governor Lucky Orimisan Aiyedatiwa.
The state’s Commissioner for Information and Orientation, Hon. Idowu Ajanaku, highlighted the government’s multi-sectoral efforts in Akure, emphasizing that the administration’s OUR EASE Agenda is strategically repositioning Ondo State for sustainable economic growth and investor confidence.
Ajanaku explained that the transformation is anchored on strategic investments in infrastructure, power, agriculture, tourism, and revenue generation, which collectively enhance the state’s attractiveness to investors. He praised the Ministry of Energy and Mineral Resources for improving electricity access, noting that the distribution of over 13,000 prepaid meters has reduced estimated billing, increased transparency, and fostered confidence among small business owners and investors.
The Ondo State Power Company (OSPC) has strengthened regulatory oversight and collaboration with distribution companies to ensure stable electricity supply, a move that has boosted productivity and encouraged expansion among small and medium-scale enterprises (SMEs). “Regular electricity supply is the backbone of industrial development, and Governor Aiyedatiwa’s administration understands this clearly,” Ajanaku said.
The Commissioner also commended the Ondo State Internal Revenue Service (ODIRS) for its digital innovations, tax education, and transparent operations, which have significantly increased the state’s Internally Generated Revenue (IGR). He explained that the revenue boost not only enhances financial independence but also reinforces public trust in government accountability and service delivery.
Infrastructure development remains a key priority for the administration. Ajanaku cited ongoing projects such as the Ikare–Akungba dualization, Akure–Idanre dualization, Okitipupa–Igbokoda road, flyover on Akure–Ilesa expressway, and multiple internal road rehabilitations. The planned Araromi–Lekki road is expected to link Ondo directly to Lagos, unlocking significant trade, logistics, and tourism opportunities.
The upcoming Port Ondo project was described as a “game changer” that will open new frontiers in maritime trade, logistics, and industrialization. In agriculture, Ondo remains Nigeria’s leading cocoa producer and the second largest in West Africa, with the government fostering value addition and agribusiness investment to create jobs and increase export revenue.
In tourism, Ajanaku announced the revival of the annual MARE Mountain Climbing Festival in Idanre, scheduled for December, aimed at stimulating the local economy and attracting investors through public-private partnerships.
Concluding his address, Hon. Ajanaku extended a confident appeal to both local and foreign investors: “Ondo State is ready for business. We have the resources, strategic location, power stability, and transparent governance that investors are looking for. The Aiyedatiwa administration is determined to turn Ondo into Nigeria’s next business hub.”
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