Investment Opportunities In Oyo State
Special Economic Zones
Oluyole Free Trade Zone
4340 Hectares of land along Lagos Ibadan expressway. The declaration and operational licenses have been obtained since 2012. The OFTZ is proposed to be a 4 quadrant multi-investor FTZ that is strategically positioned to stimulate economy of Oyo State. Proposed commencement of operation date is 2021.
The Ibadan Airport is currently receiving an upgrade on its existing facilities to ensure that it can cater for larger aircrafts. The runways and aprons are being extended and the lightning infrastructure upgraded. As a consequence of this, the unused airport real estate becomes available for infrastructural development in the light of the proposed new outlook and added functions as the Ibadan Airport assumes International status.
A 1040 Hectares of land has been allocated for an Industrial park along Lagos Ibadan Expressway. Fifty (50) Ha is currently being proposed as pilot scheme in a PPP arrangement. The opportunity exists for a BOT arrangement that will benefit investor and the State government.
The proposed Ibadan Circular Road is a 110 km of expressway-standard road encircling the whole urban area of Ibadan city. The Circular Road is planned to reduce congestion in the inner areas of the city thereby providing an opportunity to expand outwards, with direct connection to the Lagos-Ibadan expressway as the main entry into the city.
Tourism Recreation and Hospitality.
Agodi Parks and Gardens (Phase II)
The phase 1 of the Agodi Parks and Gardens, is currently a recreation and entertainment spot for the entire South West Nigeria, attracting a wide variety of individuals of different age ranges. About 55 Ha of undeveloped prime land in the heart of the city has been allocated for Phase 2 within Agodi Parks and gardens for the development of a premium recreational, hospitality and conferencing facility. This section of Agodi Parks and Gardens lies in a forest zone, and has immense eco-tourism development potentials.
Eleyele Eco-Tourism Resort
The proposed Eleyele Eco-Tourism Nature Reserve/Resort is a man-made lake enmeshed with thick forests and a dam situated in the heart of Ibadan City and covering an expanse of over 800 Ha surface area. This nature reserve resort spans 3 major local government areas nature and is a goldmine which offers a myriad of tourism advantages for the State.