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🇳🇬 Nigeria /Economy & Trade

Osun will empower more youth entrepreneurs, says Adeleke

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Osun State Governor Ademola Adeleke is intensifying efforts to empower young entrepreneurs and boost business activities across the state.
  • The state has seen a significant increase in economic activity, with parts of the capital now operating a 24-hour economy, attracting foreign investors.
  • Adeleke assured that more young people will be supported to invest in key sectors like hospitality and sports to create jobs and stimulate growth.

Osun State Governor Ademola Adeleke is prioritizing the empowerment of young entrepreneurs and the strengthening of business activities throughout the state, aiming to transform it from a purely civil service-dependent economy.

Osun has changed from being a civil service state. This present administration changed that narrative. You can now see that every sector of Osun is working. We have had a lot of foreign investors.

— Ademola AdelekeDescribing the economic transformation of Osun State under his administration.

Adeleke highlighted that the state capital, Osogbo, and surrounding communities are experiencing expanded commercial operations, with some areas now functioning as a 24-hour economy. This development, he stated, signifies a substantial boost in commercial activities stimulated by the state government's deliberate efforts to create an environment conducive to investment and private sector growth.

The state capital and some communities close to it are currently running 24-hour economy, describing the development as an indication of a significant boost in commercial activities stimulated by the state government.

— Ademola AdelekeHighlighting the expansion of commercial operations in Osun State.

Speaking at the commissioning of a new lounge and restaurant, Adeleke pointed to the proprietor's success, noting that the investor, raised outside the state, was encouraged to invest in Osun. This investor had previously opened a mini-stadium in 2024, demonstrating a growing confidence in the state's economic potential.

In 2024, this same investor opened a mini stadium which we commissioned. Today, we are commissioning another edifice within the same premises. He has opened a new restaurant and a lounge and you can see that this lounge is the latest in town.

— Ademola AdelekeIllustrating successful investment in the state through a specific example.

The governor emphasized that Osun's policies have made Osogbo and its environs attractive for leisure and business, reducing the need for residents to travel to Lagos for entertainment and commerce. He assured that the administration will continue to support more young entrepreneurs, particularly in the hospitality and sports sectors, to foster job creation and economic stimulation.

Osun is now running 24-hour business operations in Osogbo and its environment. We don’t have to go to Lagos to go and have our weekends. You can enjoy your weekend here.

— Ademola AdelekeEmphasizing the improved leisure and business opportunities within Osun State.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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