Vice President Yomi Osinbajo has performed the groundbreaking ceremony for the building of a N200bn industrial park at Iyanomo in Ikpoba-Okah local government area. Osibanjo during the groundbreaking ceremony ,said the park aligned perfectly with the vision of President Muhammadu Buhari for the nation to produce what it consumes.
He explained further that the economic recovery and growth plan unveiled recently by the President spelt adoption of Industrial parks and special economic zones as policy tools to generate growth and diversify the economy.
He also noted that the Industrial Parks were also identified to help the federal government bridged the infrastructure gap, develop target sector, generate economic of scale and use as testing ground for broader economic initiative. He also disclosed that the federal government had invested N1.3trn on infrastructure and capital project in 2016 despite the 60 percent drop in revenue.
the Governor Godwin Obaseki who also apperciated the vice president for his kind gesture said that the park was one of the many his administration will build across the state in line with his promise to expand the economy for it to be productive.
He also stated the park was the major output of the constructive engagement his administration embarked on as it would also complement the effort of the federal government to diversify the economy from oil.