A United States of America-based firm, Rao Design International, is to partner with the Oyo State Government in the establishment of companies that will be producing drugs, windows, doors and engineering services in the state.
Other areas in which the firm intends to invest include beautification of the environment and construction of housing estates for sale to interested buyers at affordable cost.
This was the outcome of the recent trip of Governor Abiola Ajimobi to Chicago, United States of America, where he met with investors, some of whom declared their interest in teaming up with his administration in industrializing the state.
Ajimobi, while receiving the Chief Executive Officer of the firm, Mr. Rao Murukurthy, in his office in Ibadan at the weekend, reiterated his administration’s readiness to work assiduously to enhance the rapid socio-economic development of the state in partnership with private investors.
The governor expressed his confidence in the ability and viability of the American company to invest in the areas in which it had signified interest.
He said that his administration would also be ready to sign a Memorandum of Understanding with the company as part of its restoration, transformation and repositioning agenda, adding that a conducive atmosphere would also be provided for the firm to operate.
Murukurthy had earlier in his remarks commended Ajimobi for his passion at developing the state, saying that his firm was also ready to put down money in the above-mentioned areas of interest, which he said would provide employment for the teeming youths in the state.