Economic Sector

The quest to transform Ondo State from being solely agrarian to an industrialized society dominated the policy direction of our administration. We emplaced institutional mechanisms for implementing Government’s reform initiatives. We strategically created an enabling socio, political and economic environment for the growth and survival of local entrepreneurs in the state and at the same time opened a vista of opportunities for low-skilled, semi-skilled and highly-skilled personnel as the key drivers of our economy.

We utilized Public Private Partnership (PPP) for infrastructure acquisition and business. The capitalisation of our land resources and mineral deposits was well initiated while we embarked on a Power Infrastructure to shape the prospect of industrialization. We evolved policies that promoted accelerated development of agricultural activities. We re-invested in agriculture and encouraged youths to go into farming as a way of escaping un-employment and poverty. We harmonized the agricultural potentials in the state with their value chains and translated same into economic prosperity for the people of the state especially the literate unemployed youths. We procured, distributed and sold genuine agricultural inputs to farmers in Ondo State at highly subsidized prices. We added value to cocoa production by facilitating the establishment of cocoa processing factories and providing enabling environment for the activities of existing cocoa processing factories. We also deployed the State’s Residency Card – Kaadi Igbe Ayo to regulate and institutionalize the implementation of our reform initiatives.