Oyo Assembly Moves To Resuscitate Moribund State-owned Companies

Oyo Assembly Moves To Resuscitate Moribund State-owned Companies

 The Oyo State House of Assembly on Thursday activated the process of resuscitating moribund government owned companies in the state.

Giving instances of moribund industries like Oyo State Paper Mill Limited Oluyole, Ibadan; Cashew Nut Processing Industry Limited, Eleyele, Ibadan; Conpole Nigeria Limited, Moniya, Ibadan; Asphalt Plant, Ijaye; Pace Setter Fruit Canning Industry, Ikoyi Ile; Red Brick Industry, Egbeda, the Assembly bemoaned that such industries which hitherto aided the socioeconomic development of the state had been abandoned.
The Assembly, deliberating on a motion advanced by the Speaker, Honourable Micheal Adeyemo, Majority Leader, Honourable Kehinde Subair, and a member representing Irepo/Olorunsogo constituency, Honourable Oseni Abdulganiyu, noted that the resuscitation of moribund companies in the state would provide employment opportunities and boost the Internally Generated Revenue (IGR) of the state.
Oseni, who presented the motion, further noted the relevance of a vibrant industrial sector in wealth creation, increased gross National Product (GNP), employment provision, increasing revenue, taxes, profit earning to entrepreneurs.
Forwarding the assessment of the situation to the Committee on Commerce and Cooperatives, the Assembly also urged the executive to seek for technical partners cum private investors with the requisite expertise and desire to partner with government in this regard.
Also, Adeyemo, while speaking at the 2016 Annual National Delegates’ Conference of the National Conference of the Association of Hansard/Verbatim Reporters and Editors of Nigeria, has urged the writers of hansard at national and state legislatures to remain committed to their duty of ensuring the preservation of the ethics of legislative practice, especially accurate legislative documentations.
He harped of the importance of the hansard in the harmonisation of the records of proceedings for the present and future generations, assuring that the critical role would be met with due recognition at all times.
National President of the association, Mrs Folasade Bejide, noted the relevance of the hansard as a legal and authentic document containing transactions in a legislature, thereby urging practitioners not to relent but strive to make sure that they perform their job accordingly.

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CULLED FROM: tribuneonlineng.com

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