Governor Ademola Adeleke of Osun State has secured a $100 million investment pledge from British investors during a recent economic mission to the United Kingdom.
A statement issued in Osogbo on Wednesday by the governor’s spokesperson, Olawale Rasheed, confirmed that the deal spans several sectors, including agriculture, water infrastructure, tourism, and the development of a free trade zone in the state.
The Memorandum of Understanding was reportedly signed in the presence of the UK Prime Minister’s Trade Envoy, Hon. Florence Eshalomi, during one of several strategic meetings aimed at boosting Osun’s economic prospects.
Governor Adeleke’s UK trip also opened the door to a partnership with the British Museum, centered around Osun’s cultural heritage. This initiative is set to include the digitisation and global showcasing of the state’s cultural assets, particularly those rooted in Ile-Ife, widely regarded as the spiritual home of the Yoruba people.
Rasheed noted that contrary to some opposition narratives, the governor delivered strong presentations at key forums including the House of Commons, the Nigerian-British Chamber of Commerce, and a high-level investors’ briefing.
“Throughout the engagement, the governor advanced Osun’s case for strategic investment, resulting in firm commitments and meaningful partnerships,” the statement said.
The state also struck an understanding with the Nigerian-British Chamber of Commerce to work alongside Osun’s Chamber of Commerce, fostering a three-way collaboration with UK trade counterparts.
Additionally, the governor held interactive sessions with Osun indigenes based in the UK, discussing governance, community involvement, and ideas to support state development.
This investment initiative is expected to usher in new opportunities, create jobs, and promote economic growth across Osun State.
