The Oyo State House of Assembly, on Thursday passed an executive bill to establish Investment Promotion Agency.
The passage of the bill is aimed at giving the necessary legislative backing to plans of the Oyo State Government to woo investors into the state.
Speaking on the newly created Investment Promotion Agency, the Speaker of the Assembly, Rt. Hon. Adebo Ogundoyin said the law is to initiate, promote and facilitate investments in the state as one of the cardinal plans of the government to make the state the hub for both local and foreign investors.
His words: “As Oyo State ninth assembly, we believe it is not about the number of the bills passed as lawmakers, but about the quality of the bills, their effectiveness, and direct or indirect positive impact on our people’s lives.
“Passing into law the executive bill to establish Investment Promotion Agency reaffirmed our commitment as ninth assembly towards making effective investment policies that will boost the Oyo State economy.”