The Osun State Governor, Gboyega Oyetola has on Thursday flagged-off the groundbreaking of Osun Ethanol Bio-Refinery Factory, located in Ayekale, Boripe Local Government Area of our State.
In his statement while performing the groundbreaking, Oyetola said the project, coming amid the harsh economic realities occasioned by the Covid-19 pandemic, was harvested from the Economic and Investment Summit held last year.
The governor was quoted as saying, “this Ethanol Bio Refinery project sits on over 21 hectares of land conceded to it as equity.
“When completed and becomes fully operational, the Osun Ethanol Bio-Refinery Factory is estimated to attract about $70m to the State and generate 10,000 jobs. The product, ethanol, is one of the safe energy sources the world is turning to as a measure of preventing global warming.
“Today’s flag-off is an indication that our strategy for the delivery of economic prosperity has begun to yield good returns and a sign of the many good things to come. We have no doubt that Osun Ethanol Bio-Refinery Factory will open a window of investment opportunities for our State.
“I congratulate the Kabiyesi and the people of Ayekale for the citing of this factory in their community. I appreciate them for welcoming the project with open arms, and I want assure our people that our admin. is poised to deliver the benefits of democracy to all and sundry in Osun.
‘We are committed to go the whole hog to collaborate with our partners and private investors to achieve our dream of making Osun the industrial hub of the South West. Our readiness to achieve this dream is confirmed by the series of projects commissioning we embarked on in the last two weeks across the State.
“I urge all well-meaning sons, daughters and lovers of Osun to establish industries and facilitate projects for the development of the State. I also enjoin all our people to continue to relate with each other in peace so that economic activities will continue to thrive in our State”.