Commissioner Adebola Sofela, from Ogun State’s Ministry of Industry, Trade, and Investment, recently underscored the government’s efforts to enhance economic growth by addressing key issues such as harmonization of taxes and promoting local employment opportunities. During a visit to Nestle Nigeria’s Managing Director, Wassim Elhusseini, Sofela emphasized the importance of fostering strong partnerships between the state government and stakeholders like Nestle Nigeria.
Sofela highlighted several initiatives aimed at supporting businesses and attracting investments to Ogun State. He mentioned upgrades to technical schools to meet industry demands, improvements in land administration for smoother acquisition of title documents, and the establishment of new industrial clusters to accommodate growing investor interest. These efforts are part of Governor Dapo Abiodun’s strategy to create a conducive environment for businesses, leveraging significant investments in security and infrastructure.
Moreover, Sofela encouraged companies operating within Ogun State to prioritize employing qualified residents, thereby fostering stronger ties with local communities and promoting economic inclusivity. He also addressed concerns about double taxation, affirming the government’s commitment to harmonizing taxes and levies to alleviate financial burdens on businesses.
In response, Nestle Nigeria’s Managing Director commended Ogun State’s business-friendly policies, noting that 80% of the company’s investments are located within the state. This positive feedback underscores the effectiveness of Ogun State’s initiatives in attracting and retaining investments, reflecting ongoing collaboration between the government and private sector stakeholders.