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Explore infinite benefits attached to industrial facility, Ore Industrial Park MD Tells Ondo Government

Friday Omosola

The Managing Director of Ore Industrial Park in Ondo State, Dr. Femi Akinkuebi, has called on MSME/SMEs in the State to scrutinize the inexhaustible usefulness attached to the industrial facility, in a bid to suppress unemployment, restiveness, the lure of lucre, among other societal malaise.

Akinkuebi made the call while playing host to the Ondo State Chairman of Nigeria Association of Small and Medium Enterprises (NASME), Mr. Great Seyi Akintunde, who visited the industrial site.

Portraying the park as the largest in the South West, the MD said it benefits to artisans would also identify bottlenecks and bring about the economic resurgence of the country, adding that the Government will give grants to Medium and Small Scale Enterprises in the state.

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According to him, “SMEs are known to have significant relevance to the world’s economy. In most parts of the world, they constitute about 90 percent of all business enterprises while in Nigeria, SMEs contribute 48% of national GDP, and it also accounts for 96% of businesses and 84% of employment”

He further explained that the Ondo State Government, as part of its huge commitment to ensuring the growth of MSMEs for economic development, has dedicated over 50 hectares for Small and Medium Enterprises (SMEs).

“There is a need for us to collectively change the narrative from a civil servant state to an emerging industrial giant, this we can achieve by using our numerous resources to transform the State to a manufacturing hub”, Akinkuebi said.

Speaking, Great Seyi Akintunde commended the Akeredolu led administration in the State and the management of the facility after being impressed with the industry’s architectural masterpiece coupled with its aesthetic output,

Akintunde said “The opportunity here is massive compared to Akure Mini Industrial Park or any other industrial parks in the South-West, every serious investor should be here”

He also assured them of the State Government readiness in partnership with the Federal Government to provide opportunities for grants for MSME/SMEs in the State.

The Chairman who was conducted around the Industry, expressed euphoria with the SMEs hub, with over 500,000sqm dedicated to SMEs/MSMEs.

Some of the Plants that have stated business activities on the park include the Allescharis, LPG and Denki Cables.

The Ore Industrial Park is a Public-Private Partnership (PPP) between the Ondo State Government and Hessmac Industry Limited, which is established on a massive 1000 hectares of eco-friendly and industrially zoned land. The Park also had its own installed 30MW trio-fuel independent power plant which is dedicated to providing power in the park

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