Oyo government reiterates commitment to reduce dependence on oil and promote agricultural products for export

The Oyo State government has reiterated its plans to reduce dependence on oil as the main source of income through the promotion of agricultural products for export.

State Commissioner for Commerce, Industry, Investment and Cooperatives, Olasunkanmi Olaleye, said this during his address at the Stakeholders Meeting of the State Committee on Export Promotion, in Ibadan, the capital of Oyo State, recently.

Olaleye, who briefed on the readiness of the state to harness ideas and articulate recommendations that will boost agricultural production, said the purpose of the committee meeting was to disseminate necessary information on the government’s efforts through the through the Nigerian Export Promotion Council (NEPC) on the government’s policy agenda to give agriculture the priority it deserves.

The commissioner added that the committee would also identify agricultural products and solid minerals, among others, that are viable for export.

He noted that: “This committee, which includes interdepartmental collaboration between relevant ministries, departments and agencies at the state and federal levels, including private sector stakeholders, is expected to help the federal government increase the country’s foreign revenue as well that help to increase the revenue potentials of the state government from the export of agricultural products, with a view to accelerating development and economic growth, this is how to grow an economy and make a state financially self-sufficient .

“We call on the members of the committee to come up with more good ideas to harness the growth potential and deliberate on the barriers to export business especially in Oyo State and give necessary guidance and recommendations to develop state export policy.

According to him, companies are best run by the private sector while the government provides an enabling environment, “We will not abandon your ideas, especially since they serve the purpose for which the committee was created”, assured Olaleye.

On her part, Trade Promotion Advisor, NEPC, Ibadan Smart Office, Ms. Bolanle Emmanuel, pointed out that some of the challenges faced by exporters include; access to good roads, trade support facilities, finance to purchase necessary equipment and platforms to showcase exporters’ products as well as security for farmers and their products.

Emmanuel urged the state government to hold trade fairs, to give farmers the opportunity to showcase their products while promoting the state’s agricultural values ​​to the global community.


Amalia H. Mercado