The Osun State Government has signed an agreement worth N216 billion with a Chinese firm, Jiangsu Wuxi Taihu Cocoa Food Company Limited, on the establishment of Industrial Park in the state.

The Governor, during the agreement signing at a state dinner‎ at the Government House banquet hall in Osogbo stated that the state has agreed to allocate 200 hectares of land to facilitate the establishment of the Industrial Park in Osun.

The partnership, according to Governor Aregbesola, will support the state on six different investments which includes; cocoa bean processing, chocolate and food processing, salt processing, cassava starch processing, gold mining and power plants.

The total investment by Jiangsu Wuxi‎ Taihu Cocoa Food Company Limited on the Industrial Park is USD 600 million.

He described the multi-billion naira investment partnership as part of his administration’s efforts to raise the bar of local and foreign investment in the state.

The Governor held that the agreement would go a long way to support the economic drive of the state, particularly in the quest for industrialisation.

Reading through a copy of the agreement, Governor Aregbesola said the project will take-off by January next year as the state was ready to give all possible support to actualise the success of the proposed Industrial Park.

‎The agreement reads in part: ‎”On November 28, 2017 Jangsu WUXI TAIHU Cocoa Food Co., Ltd. held talks with the State Government of Osun, Nigeria on the investment in the establishment of Industrial Park in Osun State.

“Through full communication and negotiation, both sides reached resolutions which are summarized as follows: “the Osun Government of Nigeria agrees that Jiangsu Wuxi Taihu Cocoa Food company Limited will invest to establish the Industrial Park in Osun State who will allocate 200 hectares of land for the Industrial Park.

“The total investment by Jiangsu Wuxi‎ Taihu Cocoa Food Company Limited on the Industrial Park is USD 600 million. The first phase of the project includes six projects: Cocoa bean processing, chocolate and food processing, salt processing, cassava starch processing, gold mining and power plants.

“The construction project of Jiangsu Wuxi Tiahu Industrial Park will strictly abide by the relevant laws and regulations of the State Government of Osun and Federal Republic of Nigeria.

“The government will provide policy guidance for the construction of JiangsuTaihu Wuxi Industrial Park and give support of energy, infrastructure and other aspects. After the completion of the project, favourable tax terms will be given.

“The state government will set up a working group for the construction of Jiangsu Taihu Wuxi Industrial Park, which is responsible for the docking and service with China. The two sides agreed that the project would start in 2018”. ‎In his remarks, the General Manager of Jiangsu Wuxi Taihu Cocoa Food Company Limited, Mr. Liu Jianhui,‎ commended Governor Rauf Aregbesola for tapping possible opportunities to develop the state commercially.

He said the company decided to establish $600 million worth projects in the state, having understudied the economic potentials of Osun to grow foreign investments.

Liu Jiangsu assured the state of fruitful partnership that would bring change to the economic activities of the state and as well create a robust bilateral economic relation between the state and Chinese firm.

The company’s GM said the investment will generate employment opportunities for the youths, thus creating wealth and employment for the state’s citizens.

According to him, we are bringing a huge investment into the state of Osun ‎so as to complement the existing investment on cocoa processing industry and as well support the state economically, commercially and industrially.

“We have very strong confidence in the fact that ‎the partnership would in no distance time bring about dividends to both parties as the state’s potentials would be appropriately utilized”, he stressed.

Members of the State Executive Council present are the Governor of the State,

Ogbeni Rauf Aregbesola, his Deputy, Mrs Grace Titilayo Laoye Tomori, Secretary to the State Government, Alhaji Moshood Olalekan Adeoti, Chief of Staff to the Governor,  Alhaji Gboyega Oyetola and the Attorney-General and Commissioner for Justice, Dr Ajibola Bashiru.

Others are; Commissioner ‎for Commerce, Industries and Cooperatives, Mr. Ismaila Jayeoba Alagbada and the Special Adviser to the Governor on Forestry, Natural and Mineral Resources, Mr. Stephen Babatunde Ajilore, all representing Osun State Government.

Chinese delegation members includes; General Manager of Jiangsu Wuxi Taihu Cocoa Food Company Limited, Mr. Liu Jianhui, Assistant General Manager, Shanghai Golden Monkey Group,  Mr. Zhang Hua, Nigeria Skyrun Cocoa Industrial Products Limited, Ms. Xu Feng and Chinese delegation members.

Earlier in his welcome address, the Commissioner for Commerce, Industries and Cooperatives, Hon. Ismaila Jayeoba Alagbada lauded Governor Rauf Aregbesola’s commitment to turn Osun to a commercial hub of the southwest region.

He confirmed the progress which the previous Chinese investment had made in the cocoa processing industry located at Ede, saying “we are here to chat a new course for the development of our dear state.

“The government will provide policy guidance for the construction of JiangsuTaihu Wuxi Industrial Park and give support of energy, infrastructure and other aspects. After the completion of the project, favourable tax terms will be given. 

ayzTIGER:
Cant they just sell off Osun to this Chinese Firm and pretend the State never existed.

Blue3k2:
Osun making strides. This is a lof of jobs by January 2019 unless they mean this January. Anyway what tax terms did they offer.

The partnership, according to Governor Aregbesola, will support the state on six different investments which includes; cocoa bean processing, chocolate and food processing, salt processing, cassava starch processing, gold mining and power plants.

Through full communication and negotiation, both sides reached resolutions which are summarized as follows: “the Osun Government of Nigeria agrees that Jiangsu Wuxi Taihu Cocoa Food company Limited will invest to establish the Industrial Park in Osun State who will allocate 200 hectares of land for the Industrial Park.

Desyner:

While I applaud the move as a good one I don't think this is a stride yet.

The whole thing sounds too elaborate to me, How can a single Chinese firm process cocoa, salt, cassava starch and still handle power provision ?

In fact the firm is creating the industrial park most of it. The state govt is merely giving out land. If I go further now it may sound like I am hating on Osun.

RockHard:


Perhaps if you had done some little research you would have realized that this proposed partnership is merely an extension of an already established relationship between the state govt. and the Chinese in question because the Chinese have are already successfully managing (in partnership with the state government) the state's 20,000 tons per day Cocoa Processing factory at Ede -- there's actually a thread on it here:

https://www.nairaland.com/3093805/inside-osuns-revived-cocoa-factory

Therefore, what is about to happen is merely an extension/expansion of an already working template, so there's nothing farfetched about it.

http://punchng.com/osun-cocoa-industry-now-processes-20000-tonnes-daily/

raker300:
I hope this is true.

That state looks like a scene from a horror movie.

Jst left that state and I must say, they need all the help they can get

went their with great expectation follow comments on nairaland.

What I saw was just heartbreaking.

Ikpo village in ebonyi is looking sexier than their state capital

I don't mean to Diss that place cos the pple their are simple minded and kind...

But damn, what I saw their almost made fringe in dispare

olagbola55:
osun is far more more and more better than your potopoto shity region.....best secondary sch,primary sch are in osun best roads I mean standard road which can last over 40years is in osun better don't let talk on and on cos osun no b ur mate

raker300:
pls stop lying to yourself and the people.

Osun state is nothing, I mean absolutely to write home about.

Altho most people there are kind and simple...

But guy, pls the environment is an eyesore.

FYI; no road lasts for 40yrs on earth...if you were being hyperbolic then say so nw and save face

RockHard:


Why are you people like this for godsake Dude, your attempt to derail this thread with your signature Anambra inferiority complex and bad-belle inspired attacks against Osun are dead on arrival. Osun has made mores strides infrastructurally in the last 7-years than all your SE states combined. And that is a fact. The quality of road projects undertaken by the state government can't be unrivalled by anything in your region and that is a fact you can take to the bank. The state govt has almost completed a bypass that your state had to depend on the FG to build. Pictures don't lie, boy.

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raker300:
oga, forget pictures.

The people of osun are a beautiful people.

I won't want to insult or belittle them in anyway.

But the environment is not something to even discuss.

I have a few pics I took I would love to upload but they're 8mb too big for nairaland.

The only thing osun and south west has on the south east is GOOD FEDERAL ROADS

So relax my man.

raker300:
oga, forget pictures.

The people of osun are a beautiful people.

I won't want to insult or belittle them in anyway.

But the environment is not something to even discuss.

I have a few pics I took I would love to upload but they're 8mb too big for nairaland.

The only thing osun and south west has on the south east is GOOD FEDERAL ROADS

So relax my man.

kn23h:


If someone from dirty Abia can call Osun state Osun, I wonder what people are smoking in that country.

raker300:
just that igbos expose what to bad in their environment to raise awareness and get it fixed doesn't mean they're foolish.

The only south west state that can be compared to abia is lagos...

Again, something needs to be done for the entire south west environment

raker300:
just that igbos expose what to bad in their environment to raise awareness and get it fixed doesn't mean they're foolish.

The only south west state that can be compared to abia is lagos...

Again, something needs to be done for the entire south west environment

raker300:
oga, forget pictures.

The people of osun are a beautiful people.

I won't want to insult or belittle them in anyway.

But the environment is not something to even discuss.

I have a few pics I took I would love to upload but they're 8mb too big for nairaland.

The only thing osun and south west has on the south east is GOOD FEDERAL ROADS

So relax my man.

MasterChen:
Everytime d$$k contest. Even if you can't sell Gala at 4am in the morning, can't you find something else to do? Like arrange your fooking yoghurts?

raker300:
just that igbos expose what to bad in their environment to raise awareness and get it fixed doesn't mean they're foolish.

The only south west state that can be compared to abia is lagos...

Again, something needs to be done for the entire south west environment

wristbangle:


Akpu/red mud doing wonders in your brain. How can a grown up man wake up by 3am in the morning defecating thrash? I guess an afonja masquerade must have dealt with you so bad when sleeping.

You are typing from village claiming to have visited osogbo meanwhile the press up operation eze ask you to do in mud hence your brain filled with it is making you misbehave.

"Lol only Lagos can be compare to Abia?" - This is the most absurd paradox I have ever heard.

Please my people, make una ignore this troll.

RockHard:


F-you and your stvpid analysis. You people have serious inferiority complex issues hence your penchant to always try to run down others to make yourselves feel important, but you have failed woefully this time around. I hate to do this but you guys need to be put in your place from time to time over this foolishness.

And NO we are better than you lots in more areas than 'good federal roads'. All those roads I showed you are state roads built and maintained by the state government of osun.

I already showed you news report that your region is deindustrializing at an insane pace (you glossed over that bit of news as if you didn't see it, yet you are here talking crap about Osun's efforts at industrialization??), while the SW you love to hate is the industrial powerhouse of the entire country, and attra trs most of the FDI that comes into Nigeria, amongst other things. Besides, na una dey rush come our side and not the other way round.

Attached is a picture of the biggest road project (built by the FG) ever carried out in your entire state (perhaps your entire region) with a birdseye skyline/overview of your eyesore of a state. Osun state government is almost about to complete a similar bypass without FG support, yet you are here throwing fits out of envy and jealousy. Better go and receive sense.

raker300:
[s]since you're the only person talking like a human being here, I'll indulge you.

That road you uploaded is a federal, yes but it was tarred by the state.

Even the fg admitted that it has not tarred any road in the SE.

I don't know much about FDI neither do you but you trying to pontificate on said issue makes me wonder.

Yes, south east development is haphazard but that's cos of rapid unplanned development.

South east governors are now trying to catch up with the individual development of the region

You said deindustralization of east; hope you know nigeria is in recession? Yes, a few companies were hit but that isn't a fault of the people.

Again, osun people are nice people..

But the place is an eyesore.

The greatest lie we tell is the lie we tell ourselves.

You folks are out here lashing cos you know the truth but you're afraid to admit it so you're deflecting...its classic textbook denial[/s]

raker300:
I don't know much about FDI neither do you but you trying to pontificate on said issue makes me wonder.

A three-year data dealing with the direction of manufacturing and agro processing investments show that Ogun is elbowing Lagos in new investments.

Data by the Manufacturers Association of Nigeria (MAN), analysed by BusinessDay, show Ogun State has over 70 percent share of manufacturing investments in the country between 2014 and 2016.

In 2014, manufacturers invested N691.77 billion, out of which N514.87 billion went to Ogun State, representing 74.42 percent of the total.

Apapa and Ikeja in Lagos contributed N15 billion and N85 billion to the investments respectively, representing a combined 15 percent of the total.

Out of the N180.12 billion invested in the manufacturing and agro-allied industries in Nigeria in the first six months of 2015, N128.3 billion went to Ogun, representing 71.23 percent. Ikeja and Apapa industrial zones got N15.74 billion and N6.98 billion, representing 8.7 percent and 3.9 percent share of the total respectively.

Similarly, manufacturing investments worth N309.33 billion were made in H2 of 2015, out of which N302.26 billion went to Ogun, representing 97.7 percent of the total. Apapa and Ikeja shared the remaining less than three percent with other industrial zones across the country.

In the first half of 2016, total investments estimated at N54.55 billion were made by manufacturers in the country, out of which N37.51 billion moved to Ogun within the period. This means that 69 percent of all investments within H1 of 2016 were channelled to Ogun State. Apapa and Ikeja shared the remaining 31 percent with other industrial zones such as Edo/Delta, Imo/Abia, Oyo/Ondo/Osun/Ekiti, Kano/Sharada/ Challawa, Kano Bompai, Anambra/Enugu, Bauchi/Benue/Plateau, Rivers, Kwara, and Abia.

In the second half of 2016, MAN survey shows that N313.62 billion worth of investments were directed to Ogun out of the total N448.94 billion. This represents 70 percent of the total. Like in the first half, Apapa and Ikeja industrial zones stampeded for the remaining 30 percent investments with other zones. MAN is the largest manufacturing association in West Africa with over 2,000 companies as members....

....Performance by industrial zones

The responses received were also analyzed based on industrial zone areas in order to gauge the level of spread and economic activities as affect production, investments and job creation and sustenance. The result however revealed in terms of utilization of capacity. However, Ogun industrial zone, consisting of Otta, Shagamu, Ibese/Ilaro and the newly found area in Mowe/Ibafo axis, returned a higher percentage. This is in view of the high concentration of manufacturing concerns, couple with relocation of some factories from Lagos as well as access to land for the new manufacturing investments.

From the table below, Ogun industrial zone led other zones with about 60 per cent, while it was closely followed by Oyo/Ondo/Osun/Ekiti and Kano (Sharada/Chalawa). The latter, being more populated by small and medium with pockets of large and multinationals are the major companies doing business in these areas.

Coming in the rear is Bauchi/Plateau/Benue with an average of 43.0 per cent, trailing behind Kaduna and Edo/Delta industrial areas with 45.3 per cent and 46.5 per cent were ahead of respectively. The situation in these zones could be understood given the unstable in the political environment which has affected production, sales and other logistics.

....Ogun State’s represents 78 percent of N483 billion worth of investments made in the whole of the manufacturing sector within the period under review, while Ikeja shares 8.3 percent.

“This has revealed that the majority of manufacturing investments were directed towards Ogun industrial axis, which consists of Otta, Agbara, Ibafo/Mowe and Shagamu industrial areas,” said MAN, in its latest January to July 2014 economic review.

....

The data further show investments in Kano/Sharada/Challawa as N19.75 billion and those of Oyo/Ondo/Osun/Ekiti as N19.2 billion within the period under review.

Anambra/Enugu that had N5.5 billion worth of investments.
while those of Imo/Abia were estimated at N309 million.