Osun State Secures $100 Million Investment from UK Business Delegation

In a landmark development aimed at boosting economic growth, the Osun State Government has confirmed a $100 million investment deal with a United Kingdom group of investors. This achievement, spearheaded by Governor Ademola Adeleke during his recent trip to the UK, spans key sectors including agriculture, water, tourism, and the state’s revitalized free trade zone.

The announcement was made through the governor’s spokesperson, Rasheed Olawale, who emphasized that Governor Adeleke’s trip was not only productive but also strategically aligned with Osun’s long-term development goals.

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Boosting Development Through Strategic Investment

Governor Adeleke’s attendance at the 2025 Commonwealth Business Investment Conference was a calculated move to attract global investors and update international stakeholders on Osun’s evolving investment climate. According to Olawale, the governor held four high-profile meetings, each centered on presenting Osun’s upgraded infrastructure, new ease-of-doing-business reforms, and available opportunities in the state’s emerging sectors.

A major highlight was the presentation of Osun’s investment-friendly environment. Governor Adeleke unveiled initiatives like a unified tax system to curb multiple taxation, a 45-day processing window for Certificates of Occupancy, and a one-stop shop for handling investment-related services. These measures were well received by UK business leaders and government representatives.

The investment deal, worth $100 million, was formalized with ESG Consulting Group and witnessed by the UK Prime Minister’s Trade Envoy to Nigeria, Hon. Florence Eshalomi. This agreement lays the groundwork for a deeper collaboration between Osun and the UK, fostering trade, investment, and mutual growth.

Osun Free Trade Zone and Cultural Collaborations

A key aspect of the investment portfolio is the revival of the Osun Free Trade Zone, positioned as a hub for UK and European businesses. The zone is expected to serve as a gateway for exports, manufacturing, and logistics, potentially transforming the state’s economic landscape.

The state also established a cultural tourism partnership with the British Museum, focusing on the digitization and global showcasing of Osun’s rich heritage, particularly the historical assets of Ile Ife—the cradle of the Yoruba civilization.

Another major milestone is the tripartite collaboration between the Nigerian-British Chamber of Commerce and Industry, the UK Chamber of Commerce, and the Osun State Chamber of Commerce. This strategic alliance aims to build sustainable business networks and support ongoing investment facilitation efforts.

Rebuttal of Misinformation

Addressing circulating misinformation and what Olawale described as “doctored videos” from opposition elements, the spokesperson stressed that Governor Adeleke’s UK trip was thoroughly documented and goal-driven. The administration reaffirmed its commitment to transparency and promised continuous engagement with Osun indigenes, both at home and abroad.

With infrastructure upgrades already reducing the state’s development deficit by 45%, and further cuts projected for 2025, Osun appears poised for a new era of international cooperation and inclusive growth.