The state has succeeded in attracting 35 new companies into the State in the last 24 months.
The Ogun State Government said it was not ready to compromise or shy away from its responsibility of ensuring that manufacturers in the state comply with and meet the minimum standard required for their products.
The Commissioner for Commerce and Industry, Bimbo Ashiru, gave this assurance during a facility visit to Momas Electricity Meters Manufacturing Company, Orimerunmu, along the Lagos-Ibadan Expressway. He added that government’s drive to attract investors should not be misinterpreted by manufacturers.
Mr. Ashiru affirmed that the state government will continue to interface with relevant regulatory bodies to ensure that all the products manufactured within the state are of international standard, stressing that , this would help to position such products for export and global competitiveness.
The Commissioner disclosed that owing to its liberal investment policy, the State had succeeded in attracting 35 new companies into the State in the last 24 months, pointing out that this had resulted in massive creation of direct and indirect jobs for the populace.
“I’m happy to tell you that in the last two years about 35 companies have opened shop in Ogun State because of the liberal policy that the present administration has put in place” Mr. Ashiru said.
He further assured that the State Government will continue to provide an enabling environment as a way of wooing more investors, urging companies already operating in the State to consider the value chain of their products for synergy as well as local content in their productions to reduce overhead cost.
The Commissioner also underscored the need for companies to promptly remit their taxes and levies into the coffers of government to enhance the socio-economic and infrastructural development of the State, adding that they should be socially responsible to their immediate communities.
Commending the company for being the first local manufacturer of pre-paid metre in Nigeria, Mr. Ashiru noted that with the Federal Government’s power sector liberalization policy, metre manufacturing business would receive a boost through partnership with various successful bidders that would need electricity metres for their customers.
Earlier in his address, Chairman of the Company, Kola Balogun, noted that the company was established to align with the vision of the Federal Government to privatise the power sector, adding that the nation’s technological drive needed an improvement.
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