THE population of Oyo is now in the region of 6 million. The state is largest southern state in land area and is suitable for cultivation of maize, yam, cassava, millet, rice, plantain, cocoa, oil palm and cashew. Oyo is the 18th largest economy in Africa. The Pacesetter State occupies the first position in many areas of human endeavour in Africa and Nigeria in particular: University College Ibadan, Liberty Stadium, Cocoa House just to mention a few. Oyo is the investment destination for any discerning investor. Opportunities for investment in the state exist in agribusiness, light manufacturing, healthcare, tourism, energy and mining (include clay, kaolin and aquamarine). It is on records that no fewer than 36 companies had been attracted to the state in the last seven years, generating about 4,000 direct employments for residents, according to figures from the Manufacturers Association of Nigeria. The state was rated fifth most investment-friendly by the National Bureau of Statistics having attracted more than $61m (N22.4bn) in foreign direct investment.
However, on the flip side, Oyo State particularly Ibadan bears the burden of rural urban migration. With a growing population like any other mega city, the government of His Excellency Senator Abiola Ajimobi has grapples with and must find solutions to waste management, transportation and traffic, affordable and quality education, disaster management, environmental pollution, unemployment, street lights, security, health services, provision of portable water, judicial system, crime prevention and control, Housing etc. All these require substantial investment in socio- economic infrastructure. The Oyo State government has risen up to the challenges of administering the pace state and delivered dividends of democracy to the people of the state in the last seven years must especially in the area of infrastructure development, security, education, agriculture and health care.
Some of the completed roads include the dualisation of strategic township roads in Ibadan such as Toll Gate Interchange-Challenge; New Garage-Toll Gate Interchange and Onireke-Jericho-Aleshinloye-Dugbe-Agbarigo Road, as well dualisation of major township roads in Oyo, Ogbomoso and Iseyin.Ongoing roads include Eleyele-Ologuneru-Eruwa road, dualisation of Saki township roads, Idi-Ape-Basorun-Akobo-Odogbo Barracks junction road; Gate-Old Ife Road-Alakia, as well as the expansion of Oke Adu-Iwo Road. Ibadan Circular Road project, which had remained a dream in the last 15 years has been revived, the first phase of the project has been awarded for N70bn, under a build, operate and transfer arrangement. The infrastructure upgrade included the urban flood management initiative targeted at checking the reoccurrence of the 2011 flooding in Ibadan, which consumed many lives and property.
The government had also tackled the perennial water shortage, which residents of Ibadan had been experiencing, by carrying out wholesale rehabilitation of Asejire Waterworks and also recently flagged off rehabilitation works on the Eleyele Dam, which was badly hit by the 2011 flood disaster. The state also recorded milestones in education with “the floating of the Education Trust Fund through which stakeholders now collaborate with the government to improve service delivery and boost the standard of education in the state. This is aside the establishment of the Oyo State Model Education System Initiative (OYOMESI), which seeks to inculcate moral values in students and the School Governing Board (SGB) policy, which is a participatory model that brings together all stakeholders in the education system in the management of public secondary schools.The SGB policy is now being studied by other states in the South-West zone as a masterstroke in participatory approach to the management of public schools.
The health sector has also benefitted from the unique vision of the government with the floating of a N50bn Health Endowment Fund and a Health Insurance Scheme, both of which are firsts in Nigeria, as well as the launch of a five-year cancer control strategic plan to reduce cancer-related incidence and mortality.