COMMERCE & COOPERATIVES

Government has sourced for viable investors to renovate and manage Trans Motel, Ibadan.

Twenty-five (25) million units of First Bank Plc shares were applied for through the Ministry at the cost of 1 billion naira.

3, 333,333 units of Skye Bank PIc shares were subscribed

11,131,799 units of First Inland Bank shares were subscribed and allots

Approval has been given for the establishment of the 1st Enterprise Zone in Ibadan.

Government has concluded plans with a Chinese firm for the establishment of an Independent Power Supply as an alternative to Power Holding Company of Nigeria.

Approval has been given for the establishment of International Mega Market along Lagos - Ibadan Express Road to boost commercial  activities and  create  job  opportunities  for the youth.

Also, approval has been given   for   the establishment of three International Border Marketers in the six geopolitical zones for the promotion of commercial activities across the  borders.

New developer has been sourced and introduced with a view to formalizing arrangement for the take-off of activities at the Trans National Border Market.

Letters of allocation  have been issued out  to traders for the effective take- off   at  the ultra  Modem Business Complex, Ogbomoso.

The sum ofN5 million was released and paid to O’dua Chamber of Commerce towards the successful hosting of   2007 O’dua   International Trade Fair  in  Oyo State.

Government participated  in  the Fourth  National  Conference on Investment (NCI).

Government has finalized arrangement with Cooperatives Societies in all the Local Governments to float Micro-Finance Banks.

Government has registered 482 Cooperatives Societies and Supervised the formation of 75 Cooperative Societies

1,000 Cooperatives members received Cooperative education during the period under view.

Government has ensured the completion of steel fencing of Adamasingba Shopping Complex.

Renovation of toilets and other plumbing works at Adamasingba and Oke­Bola Shopping Complexes.

Construction of car parks and restructuring of Bola Ige International Business Complex.

Evacuation of  extension of shops and launching of weekly sanitation exercise for Bola Ige International Business Complex (BUBCO), Gbagi were also carried out.

Management Committees were Inaugurated to over see the welfare of Adamasingba, Oke-Bola and Ogbomoso Ultra Modern Business Complexes.