Osun courts Chinese investors with tax tweaks, free trade zone 

Osun State Governor, Ademola Adeleke, has assured multi-sectoral investors from China that his administration would support them to set up businesses in the state’s Free Trade Zone and other industrial hubs.

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Osun State Governor, Ademola Adeleke, has assured multi-sectoral investors from China that his administration would support them to set up businesses in the state’s Free Trade Zone and other industrial hubs.

The governor gave the assurance while hosting the investors, who paid him a courtesy visit at the Government House, Osogbo.

A statement released by the spokesperson to the Governor, Olawale Rasheed, obtained in Osogbo on Friday, said Adeleke, during the visit, also highlighted Osun’s business opportunities and its high rating on the ease of doing business, calling on genuine investors to establish businesses in the state.

Adeleke told the delegation that Osun was bridging infrastructural deficits to ease the business environment, while the state’s Free Trade Zone has several openings for willing investors.

He also said some investors have commenced work at the Trade Zone and other industrial hubs across the state, commending the Chinese delegation for selecting Osun as an investment destination.

“You are warmly welcome to the state of the living spring. We are fixing our roads, bridges, schools, utilities, and health infrastructures among others. We know good infrastructure facilitates business and economic growth. Hence, we are reducing the Osun infra deficit.

“We harmonise and automate our tax regime. This has reduced the pressure on Osun businesses. We implemented a 48-hour regime for the acquisition of certificates of occupancy (CofO) under an automated regime. Our ease of doing business rating is very high.

“So you have come to the right place. Our Ministry of Commerce and Industry is run by a team with international exposure. You will be granted the best of support and facilitation services by our government,” the governor said.

Earlier, while speaking on behalf of the management of Shanghai Fadewei International Trade Company Limited, Dr. Yusuf Fadairo, said the “Chinese team picked Osun due to their love for the popular artist, David Adeleke,” popularly known as Davido, and multiple reports of good governance delivered by the governor.

The PUNCH 

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Daily Patriot