Osun Commissioner for Information, Mr. Adelani Baderinwa, has said the state is economically viable.

Addressing members of the Mandate Women Group,  who visit him in his office in Osogbo, the state capital, the commissioner said it would amount to mischief for anybody to refer to Osun as a civil service state.

 

Baderinwa said Osun State’s economy had improved, adding that the economic development of the state was evident in the establishment of companies, revival of industries and opening of bank branches across the state.

 

The commissioner said small and medium scale businesses, companies and industries were growing steadily in the state.

 

He added that the state government, through the state’s Micro Finance Agency and the Ministry of Commerce, Corporative and Investment, was providing soft loans to traders and business owners to strengthen their businesses.

Baderinwa said the state-owned investment company, Osun Investment Company Limited (OSICOL) had recorded over 700 per cent turnover in the last six years.

 

He said its fortune had grown from about N300 million in 2011 to about N2.6 billion  this year

 

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