Governor Adeleke secures $100 million investment deal during UK trip
By Deborah Oladejo, Osogbo
Osun State Governor Ademola Adeleke has secured a $100 million investment deal during his recent official visit to the United Kingdom, according to a statement by his spokesperson, Mallam Olawale Rasheed.
Rasheed stated that the five-day trip allowed the governor to present Osun’s improved investment climate to stakeholders, highlighting infrastructure upgrades, ease of doing business, and the implementation of a unified tax system to eliminate multiple taxation.
He added that Adeleke showcased key reforms such as the 45-day window for processing Certificates of Occupancy and the establishment of a one-stop investment processing center. The governor also outlined plans to reduce the state’s infrastructure deficit by 45 percent, with projections for a 75 percent reduction by 2025.
As part of the visit, a formal investment facilitation framework was launched with the signing of a Memorandum of Understanding (MoU) between the Osun State Government and ESG Consulting Group. This agreement will enable ongoing engagement with the office of the UK Prime Minister’s Trade Envoy.
The $100 million deal was signed in the presence of the UK Prime Minister’s Trade Envoy to Nigeria, Hon. Florence Eshalomi. The investment will span sectors including agriculture, water, tourism, and the development of the Osun Free Trade Zone.
Governor Adeleke also established a new investment collaboration with the Nigerian-British Chamber of Commerce and Industry. This partnership aims to create a tripartite working framework involving the state government, the UK Chamber of Commerce, and the Osun State Chamber of Commerce and Industry.
In addition, a cultural tourism partnership was initiated with the British Museum, focusing on Osun’s rich cultural heritage. The collaboration will center on digitizing cultural assets and strengthening the connection between the museum and Ile-Ife.
