The Oyo State Government has advocated the strengthening of entrepreneurship centres in universities through the establishment of business incubation facilities, industrial clusters and innovation hubs to promote enterprise development, stimulate job creation and accelerate economic growth.

The Honourable Commissioner for Investment, Trade, Cooperatives and Industry, Professor Salihu Abdulwaheed Adelabu, made this call while speaking as a Special Guest at the University of Ibadan SME Fair 2026, organised as part of activities marking the institution’s 78th Anniversary.

The two-day event, held on November 3 and 4, 2026, at the International Conference Centre, University of Ibadan, Ibadan, had the theme, “Scaling Emerging SMEs for Global Impact: From Innovation to Sustainable Growth.”

Professor Adelabu emphasised that university entrepreneurship centres should go beyond vocational skills acquisition by incorporating business incubation facilities where students and aspiring entrepreneurs could develop their ideas, improve existing products and transform innovations into commercially viable ventures.

He observed that young people of the present generation possess enormous talents and innovative ideas that could contribute significantly to economic development if given the right environment, guidance and institutional support.

According to him, business incubation would provide students and young entrepreneurs with opportunities to develop their ideas gradually, improve on existing products and introduce innovations that could translate into successful businesses.

The Commissioner also called for the establishment of industrial clusters within university entrepreneurship centres, explaining that many Nigerian products were still at the semi-finished stage and required further processing and value addition to maximise their economic potential.

He noted that adding value to locally produced goods would create more wealth, expand business opportunities and strengthen the country’s industrial base. He further advocated the integration of innovation hubs into entrepreneurship centres, stressing that every product and business process could be improved upon through continuous innovation.

On access to funding, Professor Adelabu encouraged aspiring entrepreneurs to explore available financial opportunities through commercial banks, the Bank of Industry, the Central Bank of Nigeria and other government-backed intervention programmes and grants.

He, however, stressed the need for prospective beneficiaries to prepare sound business plans and conduct proper feasibility studies to establish the viability of their proposed businesses and demonstrate how they intended to achieve their objectives.

The Commissioner further challenged participants to cultivate entrepreneurial mindsets, noting that entrepreneurship was not restricted to any particular profession or academic qualification. He explained that people in professions such as medicine, pharmacy, veterinary medicine and law could equally become successful entrepreneurs by identifying opportunities within their respective fields.

Encouraging young people not to allow financial challenges to discourage them, he urged them to start with whatever resources they had, remain focused and consistently develop their ideas, noting that great businesses were often built gradually through determination, commitment and perseverance.

Professor Adelabu described Small and Medium Enterprises (SMEs) as important instruments for addressing unemployment and reducing poverty in Nigeria. He particularly identified agriculture and Information and Communication Technology (ICT) as sectors with enormous potential to generate employment and improve economic prosperity when effectively harnessed.

He commended the founding fathers and mothers of the SME Fair for sustaining the initiative, noting that its impact was already being felt. He called for the programme to be sustained for future generations and expanded through collaboration among universities across Nigeria to promote a stronger national entrepreneurship and innovation ecosystem.

The Commissioner congratulated the organisers and participants, urging them to leave the fair with practical ideas and commitments that could be developed into viable businesses and presented at subsequent editions of the programme.

In recognition of his contributions and commitment to entrepreneurship, investment and economic development, Professor Adelabu received an award from the organisers of the SME Fair. The Wife of the Oyo State Governor, Her Excellency, Engr. (Mrs.) Tamunominini Makinde,  presented the award to the Commissioner.

Other dignitaries at the event included the Wife of the Governor of Oyo State, Engr. (Mrs.) Tamunominini Makinde; the Honourable Commissioner for Women Affairs and Social Inclusion, Hon. (Alhaja) Faosat Joke Sanni; the Head of Service, Mrs. Adenike A. Fasina, mni; a representative of the Oyo State House of Assembly; the Executive Chairman of Ibadan North Local Government, Hon. Oluwaseun Olufade; and other Government officials.

Also present were the Vice-Chancellor of the University of Ibadan, Professor Peter Olamakinde Olapegba; Deputy Vice-Chancellors; the Registrar; the Bursar; the University Librarian; members of the academic community; captains of industry; representatives of ProvidusUnity Bank; entrepreneurs and other stakeholders.

The Oyo State Government continues to prioritise initiatives that promote entrepreneurship, investment, innovation and enterprise development as essential drivers of economic growth, employment generation and sustainable prosperity.

The Oyo State Government has expressed its readiness to support the Igbalode Alhaja Trade Fair 1.0, scheduled to hold on December 19 and 20, 2026, at Liberty Stadium, Ibadan, as part of efforts to promote entrepreneurship, strengthen local businesses and create wider market opportunities for traders and exhibitors.

The Permanent Secretary, Ministry of Investment, Trade, Cooperatives and Industry, Mr Olajide Mamud OKESADE, gave the assurance while receiving the convener of the trade fair, Mrs Olukunle Oluronke, popularly known as Igbalode Alhaja, alongside members of her organising team, during a meeting with the Ministry.

Mr. Okesade commended the organisers for bringing entrepreneurs and business owners together through the initiative, describing it as a commendable effort towards economic growth and productive engagement. He noted that the Oyo State Government, under the leadership of Governor Seyi Makinde, remains committed to growing the state’s economy through initiatives that encourage legitimate businesses, create opportunities and promote wealth creation.

The Permanent Secretary stressed the importance of adequate preparations for the event, particularly in the areas of security, fire safety and emergency response. He advised the organisers to make arrangements for security personnel, the Fire Service and an ambulance, alongside other relevant stakeholders, to ensure the safety of exhibitors and visitors throughout the two-day programme. He also encouraged them to clarify the event’s organisational and operational arrangements and identify specific areas where government support would be required.

Speaking on the importance of connecting local businesses with international markets, Okesade highlighted the relevance of the African Continental Free Trade Area (AfCFTA), noting that Oyo State is positioning itself to take advantage of the opportunities offered by the continental trade framework. He disclosed that the Ministry was advancing activities under the State Organising Export Committee, including ongoing capacity-building programmes at affordable costs, under the guidance of the Governor. He also announced that the state’s AfCFTA trade portal was expected to commence operations the following week, while encouraging entrepreneurs to engage with the Ministry and take advantage of available opportunities. He emphasised that successful businesses thrive by identifying and providing solutions to people’s needs, noting that solutions create value and attract patronage.

Also present at the meeting was the Iyaloja-General of Oyo State, Princess Folashade Azeezat Abeo Nurudeen, who encouraged the convener and her organising team, expressing support for the initiative. She also joined the convener and members of the organising team for photographs at the meeting

Earlier, the Director of Trade in the Ministry, Mrs Modupe Adesina, welcomed the delegation and described the initiative as a commendable one, expressing delight at seeing women taking the lead in business development and entrepreneurship. She assured the organisers that the Ministry would explore opportunities to participate in the fair by sensitising exhibitors and visitors on the Oyo State Government’s programmes and interventions for youths, exporters and entrepreneurs, including opportunities available through export promotion and cooperatives.

The Deputy Director of Trade, Mr Olayinka Raimi, commended the initiative and sought further clarification on the categories of goods and products expected at the exhibition, the number and status of exhibitors, the intended target audience and the daily operating hours of the fair. He also requested that the organisers clearly identify their specific expectations from the Ministry to enable appropriate consideration and determine the areas of possible government support.

Similarly, the Assistant Director of Trade, Mr Olawale Olanrewaju, informed the delegation that the Ministry was preparing for the forthcoming Oyo State Trade Fair scheduled for November 23–29, 2026. He invited the Igbalode Alhaja Trade Fair organisers and interested exhibitors to participate in the state trade fair, describing it as an opportunity to gain further exposure, interact with other businesses and familiarise themselves with the Ministry’s trade promotion activities.

In her remarks, the convener, Mrs Olukunle Oluronke, popularly known as Igbalode Alhaja, said the trade fair was designed to provide a platform for business owners to showcase their products, attract customers and expand their commercial opportunities. She disclosed that about 50 vendors were already on ground to exhibit at the event venue and appealed to the Ministry to support the initiative through publicity, attendance and possible collaboration. She also invited the Ministry to participate in the December event.

The Project Manager, Mr Toheeb Nihinlola, clarified that the trade fair was not exclusively designed for women but was open to both male and female entrepreneurs, traders and members of the public. He appealed for the Ministry’s support in areas that would enhance the success and visibility of the exhibition, stressing the organisers’ desire to make it an inclusive platform for business promotion and commercial engagement.

Also speaking, the Communication Director of the trade fair, Mr Abdulazeez Abdulmalik, provided further insight into the event’s objectives, publicity arrangements and scheduled activities. He explained that the two-day exhibition would provide participating businesses with opportunities to showcase their products, reach prospective customers, increase brand visibility and encourage patronage. He reiterated the importance of public awareness and broad participation in achieving the objectives of the fair.

The meeting underscored the Ministry’s readiness to engage with credible private-sector initiatives that promote trade, entrepreneurship and economic development, while encouraging the organisers to put the necessary arrangements in place and sustain engagement with relevant government agencies

The Oyo State Government has reiterated its commitment to transforming the cooperative sector through digitalisation, improved accountability and institutional reforms aimed at strengthening financial inclusion and promoting sustainable economic growth.

The Honourable Commissioner for Investment, Trade, Cooperatives and Industry, Professor Salihu Abdulwaheed Adelabu, stated this at the Annual General Meeting of Wabillahi Taofeeq Islamic Cooperative, held on Saturday, where the society unveiled its mobile application and digitalised passbook for members.

The Commissioner, who was represented by the Director of Cooperative Services in the Ministry, Mr Idowu Olawoyin, commended the leadership and members of the society for embracing technological innovation, describing the initiative as a significant step towards modernising cooperative administration and improving service delivery.

Delivering the Commissioner’s keynote address titled “Digital Transformation of Cooperative Societies in the Age of Artificial Intelligence: A Pathway to Transparency, Accountability, Financial Inclusion and Sustainable Growth,” Olawoyin emphasised that digital technology had become essential to the effective management and sustainability of modern cooperative institutions.

He noted that digital platforms could improve membership registration, savings and contributions monitoring, loan administration, financial reporting and communication between cooperative management and members. He also highlighted the opportunities offered by Artificial Intelligence in financial analysis, risk assessment, transaction monitoring and informed management decisions.

According to him, the Oyo State Government, under the leadership of Governor Seyi Makinde, recognises cooperative societies as vital instruments of grassroots economic development, employment generation, financial inclusion and poverty reduction.

He highlighted ongoing initiatives of the Ministry, through the Department of Cooperative Services, including the digitalisation and revalidation of cooperative societies, statewide sensitisation programmes, strengthened regulatory administration and alignment with the Federal Government’s National Cooperative Digitalisation Programme.

He further explained that the State’s participation in the National Technical Workshop on Cooperative Sector Digitalisation, held in Abuja on August 11 and 12, 2026, underscored its commitment to aligning its cooperative development agenda with the emerging national framework, including the National Cooperative Smart Registry, Cooperative Verification Number and Cooperative Member Identification Number.

The Commissioner encouraged Wabillahi Taofeeq Islamic Cooperative to ensure that its newly introduced application provides reliable financial information, strengthens members’ confidence and guarantees adequate protection of their personal and financial information. He also stressed the importance of training members, particularly those who may not be familiar with digital technology, to ensure that nobody is excluded from the benefits of the innovation.

He particularly noted that Islamic cooperative institutions could leverage technology to promote ethical financing, responsible investments and economic empowerment in line with Sharia-compliant financial principles.

He therefore urged other cooperative societies across the State to embrace digitalisation, participate actively in the ongoing revalidation exercise, maintain accurate financial records, strengthen internal controls and ensure regular financial audits.

Earlier, the President of Wabillahi Taofeeq Islamic Cooperative, Engr. Sheu Oladele, expressed appreciation to the Honourable Commissioner for his support and representation at the occasion. He also appealed to the Oyo State Government to give Islamic cooperative societies due consideration in the distribution of assistance and other support extended to cooperative organisations across the State.

The Annual General Meeting featured the presentation of the society’s accounts, distribution of dividends to members, unveiling of the mobile application and digitalised members’ passbooks, as well as the presentation of a bus and motorcycles to deserving members.

Among the dignitaries present was Chief Taiwo Oke, alongside other distinguished guests and stakeholders in the cooperative sector.

The initiative further demonstrates the growing capacity of cooperative societies in Oyo State to embrace innovation, strengthen institutional governance and contribute meaningfully to the State Government’s vision of a vibrant, digitally enabled and economically productive cooperative sector

The Oyo State Government, through the Ministry of Investment, Trade, Cooperatives and Industry, has approved the appointment of Alhaji Yisau Kolayode Hamzat as Asoju Apapo Egbe Oloja (Market Leaders’ Council Representative) for an initial period of six months, as part of efforts to strengthen coordination, representation and effective engagement among market leaders and traders across the state.

The approval, conveyed in an official letter dated October 29, 2026, and signed by the Honourable Commissioner for Investment, Trade, Cooperatives and Industry, Professor Salihu Abdulwaheed Adelabu, followed a formal request submitted to the Ministry by the four principal leaders of the Market Leaders’ Council.

Professor Adelabu stated that the appointment was approved to strengthen cooperation and promote the interests of market leaders and traders in Oyo State. He directed Alhaji Hamzat to work under the leadership of the four principal market leaders, comprising Alhaji (Chief) Yekini Abass Oladapo, Babaloja-General of Oyo State; Alhaji (Chief) Sunmaila Aderemi Jimoh, Aare Oloja of Oyo State; Princess Folashade Abeo Azeezat Nurudeen, Iyaloja-General of Oyo State; and Chief (Mrs) J.T. Raimi, Asiwaju Oloja of Oyo State.

The Permanent Secretary of the Ministry, Mr Olajide Mamud Okesade, reaffirmed the importance of effective administrative coordination and constructive engagement between the government and organised market leadership in promoting an orderly and supportive business environment. He noted that a clearly defined representation structure would facilitate communication, strengthen stakeholder engagement and support the Ministry’s efforts to address issues affecting traders and commercial activities across the state.

Alhaji Hamzat, who is the President of the Tradesmen and Artisans Association of Nigeria, Oyo State Chapter, expressed his appreciation to the Oyo State Government, particularly Governor Seyi Makinde and the Honourable Commissioner, Professor Salihu Abdulwaheed Adelabu, for the confidence reposed in him through the appointment. He pledged to be proactive, dedicated and committed to discharging his responsibilities, assuring that he would work harmoniously with the four principal market leaders to strengthen communication, promote unity, protect the collective interests of traders and facilitate constructive engagement with the government. He also promised to bring his experience as President of the Tradesmen and Artisans Association of Nigeria, Oyo State Chapter, to bear on the assignment, with a determination to contribute meaningfully to the growth of trade and commerce across the state.

Alhaji Hamzat pledged to bring his experience in organised trade and artisan representation to the new assignment adding that his appointment will provide an avenue for closer engagement between the Market Leaders’ Council, the wider trading community and the government on matters relating to market administration, traders’ welfare and the development of commerce in Oyo State.

The four principal market leaders who initiated the request expressed their support for the appointment through their joint correspondence to the Ministry. They are Alhaji (Chief) Yekini Abass Oladapo, Babaloja-General of Oyo State; Alhaji (Chief) Sunmaila Aderemi Jimoh, Aare Oloja of Oyo State; Princess Folashade Abeo Azeezat Nurudeen, Iyaloja-General of Oyo State; and Chief (Mrs) J.T. Raimi, Asiwaju Oloja of Oyo State. In their request, they highlighted the need for effective representation, improved communication and stronger coordination between the council and the relevant authorities to advance the collective interests of market leaders and traders.

The approval reflects the Oyo State Government’s recognition of the importance of engaging organised stakeholder groups in promoting peaceful coexistence, effective market coordination and sustainable commercial development. It also reinforces the Ministry’s role in facilitating constructive dialogue between government and the trading community.

The appointment is valid for an initial period of six months, during which Alhaji Hamzat is to operate under the leadership of the four principal market leaders and in accordance with the Ministry’s directives

The Oyo State Government has reaffirmed its commitment to the safety, welfare and protection of traders and their businesses following a fire outbreak at the Bola-Ige International Business Complex, New Gbagi, Ibadan, on Thursday, October 29, 2026, which was reported to the Oyo State Fire Services Agency at exactly 7:21 p.m.

The incident, which reportedly affected shops in the section of the complex between Ajegunle and Kudus areas, attracted the immediate attention of the Ministry of Investment, Trade, Cooperatives and Industry, the management of the business complex and market leaders. The coordinated intervention of the relevant stakeholders and the Oyo State Fire Services helped contain the fire and prevent it from spreading to other shops and neighbouring properties.

The Honourable Commissioner for Investment, Trade, Cooperatives and Industry, Professor Salihu Abdulwaheed Adelabu, reiterated the importance of safeguarding lives, businesses and property, emphasising the State Government’s commitment to maintaining a safe and conducive trading environment across the State. Demonstrating the Ministry’s concern for the promptly mobilisation to the scene to assess the situation, engage relevant stakeholders and provide the necessary support.

The Permanent Secretary of the Ministry, Mr Olajide Mamud Okesade, who arrived at the scene on behalf of the Honourable Commissioner, offered moral support and reassurance to the affected traders while engaging with market leaders, the Fire Services and other relevant stakeholders. His presence underscored the Ministry’s commitment to standing with traders, particularly during challenging circumstances, and ensuring that their concerns receive appropriate attention.

According to the operational report of the Oyo State Fire Services Agency, the initial firefighting crew, led by Assistant Chief Fire Superintendent (ACFS) Adisa Wasiu, promptly mobilised to the scene following the distress call. Upon arrival, the firefighters commenced operations and subsequently requested reinforcement from the Fire Service Headquarters. Two additional fire trucks, led by the Director of Operations, Engr. I. A. Adeleke, were deployed to provide backup support. The coordinated firefighting efforts successfully extinguished the fire and prevented it from spreading to other shops and neighbouring properties.

The Agency confirmed that eight shops were affected by the incident, while no casualty was recorded. The firefighters successfully concluded the operation, with the firefighting appliances returning safely to the station at about 11:32 p.m. The prompt intervention of the Fire Services, supported by the cooperation of market leaders, traders and the management of the complex, helped avert more extensive damage.

At the time of the incident, trading activities had largely ended for the day, with most traders preparing to return home. The electricity supply to the complex had already been disconnected in line with the established daily closing procedure. Although the actual cause of the fire has not been conclusively established, preliminary investigation by the Fire Services reportedly suggested that it may have originated from electrical sparks emanating from an inverter system installed in one of the affected shops, which allegedly ignited nearby combustible materials. This remains a preliminary finding pending further investigation by the relevant authorities.

The Oyo State Government commends the prompt and professional response of the Oyo State Fire Services Agency, the management of the business complex, market leaders, traders and the Nigeria Police Force, Gbagi Divisional Headquarters, for their respective contributions to the successful management of the incident. The Government appreciates the cooperation and support of all stakeholders whose collective efforts helped contain the outbreak and protect adjoining business premises.

In a related development, the Special Adviser on Fire Services Reform and Chairman of the Oyo State Fire Services Agency, Hon. Dr. Moroof Adebayo Akinwande, urged members of the public to remain vigilant and promptly report fire emergencies to the Fire Service to prevent avoidable loss of lives and property. He emphasised the importance of providing and maintaining functional fire extinguishers in shops, market facilities and homes, noting that early intervention with appropriate firefighting equipment could help suppress fires before they escalate.

He further advised traders and market management to ensure that access roads and emergency routes remain free from obstructions to allow firefighting trucks and other emergency response vehicles unhindered passage during emergencies. Members of the public were also encouraged to provide clear and accurate addresses when reporting fire incidents to facilitate prompt response.

While the circumstances surrounding the outbreak and the extent of the damage are being further assessed, the Ministry of investment Trade Cooperatives and Industry assures traders of its continued attention to their welfare and the safety of the business complex.

The Oyo State Government remains committed to promoting a secure and enabling business environment where commercial activities can thrive, while ensuring that the interests and welfare of traders remain an integral part of its economic development agenda.

Oyo State Fire Services Agency Emergency Lines:
08067439223, 08054353501or 615 (Toll-Free)

E-Signed:
Prince Dotun Oyelade
Hon.Commissioner for Information,
Oyo State

The Oyo State Government has reaffirmed the importance of scientific innovation, technological advancement and youth development as essential drivers of sustainable growth.

The Honourable Commissioner for Investment, Trade, Cooperatives and Industry, Professor Salihu Abdulwaheed Adelabu, made this known while delivering an address as a specially invited guest speaker at the 2026 Robotics Competition of the Science Teachers Association of Nigeria (STAN), Oyo State Chapter.

The competition, held at the Olola F.O. Ogunlana Hall, University of Ibadan, brought together students to showcase their creativity and problem-solving abilities through robotics innovations and an inter-school debate on the theme, “AI and Robotics: Threat or Opportunity for Africa?”

Speaking at the event, Professor Adelabu highlighted the growing relevance of robotics and artificial intelligence to industrial development, productivity and global competitiveness. He noted that technological innovation has become an important driver of modern economic advancement, making it necessary for young people to acquire relevant knowledge and practical skills to prepare for emerging opportunities in a rapidly changing world.

The Commissioner emphasised the value of connecting academic knowledge with practical innovation, encouraging students to develop their talents, think creatively and explore scientific solutions to real-life challenges. He also underscored the importance of exposing young people to hands-on learning, experimentation and technological development from an early age, noting that such experiences can nurture curiosity, strengthen critical thinking and inspire future scientists, engineers and technology entrepreneurs.

A major highlight of the event was the presentation of gifts by Professor Adelabu to the students and schools that emerged first, second and third in the competition. He congratulated the winners on their achievements, encouraged them to remain committed to learning and innovation, and took photographs with the award recipients to celebrate their success.

St. Bernadine’s Girls’ Grammar School, Oyo, was identified as the overall winner in the reported results, with student innovators Demilade and Tamilore associated with the school’s achievement. Their performance demonstrated the potential of young people to apply scientific knowledge and technical creativity to practical challenges.

The competition, organised by STAN Oyo State Chapter with support from sponsors and other stakeholders, provided a platform for students to demonstrate their technical abilities, research skills and analytical thinking while exploring the opportunities and challenges presented by emerging technologies in Africa.

The Oyo State Government recognises that equipping young people with scientific knowledge, technical competence and the confidence to innovate is important to building a skilled and productive generation capable of contributing to the state’s development and Nigeria’s technological future.

Professor Adelabu’s participation and encouragement of the award-winning students reinforced the importance of recognising young talent and inspiring continued excellence in science, technology, engineering and mathematics.

The Oyo State Government has called for stronger trade and investment partnerships to expand business opportunities, promote local enterprises and drive economic growth as the 2026 Oyo State International Trade Fair, EXPOYO 2026, officially opened on Tuesday, October 27, at the Permanent International Trade Fair Complex, Sango, Ibadan.

The Honourable Commissioner for Investment, Trade, Cooperatives and Industry, Professor Salihu  Adelabu, stated this while delivering the address of the Executive Governor of Oyo State, Engineer Seyi Makinde, at the opening ceremony.

Speaking on the theme of the fair, “Trade Without Borders: Connecting Oyo Entrepreneurs to Africa’s Business Opportunities,” Professor Adelabu said the event should serve as more than a platform for buying and selling, stressing its potential to promote innovation, attract investment, strengthen business relationships and develop the State’s local economy.

He emphasised the importance of branding, publicity and innovation in improving the competitiveness of local businesses, noting that the talents and expertise available in the State’s universities, polytechnics and other higher institutions should be harnessed to develop entrepreneurs, create jobs and boost productivity.

The Commissioner also highlighted the proposed dry port in Akinyele, the establishment of a Commercial and Export Development Department in the Ministry, and opportunities under the African Continental Free Trade Area (AfCFTA). He called for stronger collaboration between the Government and the organised private sector, urging businesses to take advantage of existing policies and opportunities to create wealth and prosperity. He subsequently declared the fair open on behalf of Governor Makinde.

In his welcome address, the Permanent Secretary of the Ministry, Mr. Olajide Mamud Okesade, commended the State Government’s commitment to infrastructure development and institutional reforms. He described the trade fair as an important platform for connecting micro, small and medium-sized enterprises, manufacturers, entrepreneurs and investors with wider markets across Africa.

He urged participants to maximise the opportunities provided by the fair to establish business relationships, showcase their products and explore avenues for commercial growth.

The President of the Oyo Chambers of Commerce, Industry, Mines and Agriculture, ESV Niran Adewoyin, described the theme as timely, expressing optimism that the fair would attract investment, strengthen supply chains, improve product standards, expand exports and create employment opportunities.

He encouraged participants to establish lasting business relationships that would extend beyond the exhibition.

Similarly, the National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Engineer Doctor Jani Ibrahim, represented by Chief Kola Akosile, Chairman of the Association’s Micro, Small and Medium-Sized Enterprises Trade Group and former President of ODUACCIMA, urged entrepreneurs to improve product quality, embrace technology, meet certification requirements and position their businesses to compete effectively in African markets.

The Babaloja-General of Oyo State, Alhaji Abass Yekini Oladapo, described the fair as a strategic platform for promoting indigenous businesses, strengthening market activities and expanding opportunities for traders across the State.

He urged traders to embrace innovation, improve product quality and explore emerging local and international markets to grow their businesses.

He also reaffirmed the commitment of market leaders to supporting Government policies that promote a peaceful trading environment, wealth creation and sustainable economic development.

Goodwill messages were delivered by Chief Wole Akinwande, former President of the Oyo Chambers of Commerce, Industry, Mines and Agriculture; Chief Ogunnike, President of the Ibadan Chamber of Commerce; and Mr. Salawu Wahab, Chairman of the Organising Committee of EXPOYO 2026.

Their remarks which highlighted the importance of sustained stakeholder engagement, business cooperation and active participation in activities that promote trade and investment.

A major highlight of the ceremony was a tour of the exhibition booths and pavilions led by Professor Adelabu and accompanied by other dignitaries. The Commissioner interacted with exhibitors and inspected products, services and innovations on display, underscoring the importance of showcasing local businesses, increasing their visibility and creating opportunities for networking and commercial partnerships.

The 2026 Oyo State International Trade Fair, holding from October 26 to November 1, brings together entrepreneurs, manufacturers, investors and other stakeholders to showcase their products and services, strengthen business connections and explore trade and investment opportunities across Africa.

E-Signed:

Prince Dotun Oyelade

Hon. Commissioner for Information,

Oyo State

The Oyo State Government has announced that the 2026 edition of the Oyo State International Trade Fair, EXPOYO 2026, will hold from October 26 to November 1, 2026, at the Permanent International Trade Fair Complex, opposite Ventura, Sango–UI Road, Ibadan, under the theme, “Trade Without Borders: Connecting Oyo Entrepreneurs to Africa’s Business Opportunities.”

The Commissioner for Investment, Trade, Cooperatives and Industry, Professor Salihu Adelabu, disclosed on Friday in his office, saying that the formal opening ceremony of the event is scheduled for Tuesday, October 27, 2026.

He expressed profound appreciation to the Executive Governor of Oyo State, Engr. Seyi Makinde, for approving the hosting of the trade fair.

The Commissioner explained that the event is being organised in collaboration with the Oyo State Council of Chambers of Commerce, Industry, Mines and Agriculture (OYCCIMA), describing the initiative as a demonstration of the state government’s commitment to economic growth, investment promotion, trade development and the advancement of indigenous enterprises.

Professor Adelabu noted that EXPOYO 2026 would provide a valuable platform for entrepreneurs, manufacturers, investors, artisans, traders and other business stakeholders to showcase their products, establish business connections and explore opportunities within and beyond Nigeria.

He stated that the event aligns with the state government’s commitment to strengthening trade, promoting local industries, attracting investment and expanding market access for businesses across Oyo State.

The Commissioner commended Governor Makinde for his continued support for initiatives that stimulate economic activities and create opportunities for businesses to thrive.

He reaffirmed the ministry’s commitment to working with OYCCIMA and other relevant stakeholders to ensure that the trade fair achieves its objectives and further positions Oyo State as a destination for trade, investment and enterprise development.

In his remarks,the Permanent Secretary of the Ministry, Mr Olajide Mamud Okesade described EXPOYO 2026 as an important platform for connecting businesses, strengthening commercial relationships and showcasing the economic potential of Oyo State.

The Chairman of the EXPOYO 2026 Organising Committee and a member of OYCCIMA, Mr Salawu Wahab, appreciated Governor Makinde for approving the hosting of the trade fair and acknowledged the state government’s support for the initiative.

He noted that the organising committee was working towards delivering an event that would offer exhibitors and visitors opportunities for product promotion, business networking and access to wider markets.

The Vice Chairman of the EXPOYO 2026 Organising Committee and a member of OYCCIMA, Chief Abiola Alli, called for stronger collaboration among relevant government institutions to ensure broad participation and effective coordination.

The trade fair will also feature a raffle draw, with various prizes to be won by participants who purchase raffle tickets.

Similarly,the Oyo State Government has continued to demonstrate its commitment to improving the business environment as Independent Verification Agent (IVA) field verification agents assessed the implementation of the State Action on Business Enabling Reforms (SABER) Programme at the Ministry of Investment, Trade, Cooperatives and Industry.

The exercise which formed part of the SABER Year 3 (2025) Annual Performance Assessment, focusing on the Ministry’s grievance redress mechanism for business-related complaints.

The verification was designed to assess the Ministry’s records, processes and arrangements for receiving and addressing grievances from traders and other business operators.

Receiving the verification agents in his office ,the Commissioner, reaffirmed the importance of accountability, effective service delivery and continuous improvement in implementing government reforms.

He commended the Executive Governor of Oyo State, Engr. Seyi Makinde, for his commitment to policies and initiatives aimed at creating an enabling environment for trade, investment and economic growth.

The IVA field verification agents, Mr. Victor Odesola and Mr. Emmanuel Kolade, explained that the exercise was intended to verify the Ministry’s performance under the SABER Programme.

They expressed satisfaction with the efforts made so far and encouraged the Ministry to sustain and improve its performance while intensifying public sensitisation on the trade grievance redress mechanism to ensure that traders and business operators across the state are aware of the available channels for reporting complaints.

E-Signed* :
Prince Dotun Oyelade
Hon.Commissioner for Information,
Oyo State

The Oyo State Government has renewed its commitment to strengthening the industrial sector through sustained engagement with industries, improved workers’ welfare, regulatory compliance and measures aimed at creating a more conducive environment for businesses to thrive.

The Commissioner for Investment, Trade, Cooperatives and Industry, Professor Salihu Adelabu, stated this on Thursday during a routine visitation to selected industries in the State, including Sumal Foods Limited, Seven-Up Bottling Company, Zartech Limited, Polyfilm packaging Nigeria limited and Nisalee Industries Limited.

Professor Adelabu explained that the exercise was part of the Ministry’s continuous engagement with industries to review developments, follow up on previous observations, understand emerging challenges and strengthen collaboration between Government and the private sector.

He stressed that the visitation was not intended to witch-hunt industries, but to add value to their operations, provide necessary guidance and ensure that the interests of workers, businesses, consumers and the wider society are protected.

The Commissioner said the Ministry had reviewed reports from previous visits to ascertain the extent to which issues earlier identified, particularly those relating to workers’ welfare and workplace facilities, had been addressed.

He commended the industries for their contributions to employment generation and economic development, noting that businesses that employ large numbers of people contribute significantly to reducing unemployment and creating productive opportunities for residents.

Professor Adelabu also disclosed that the Ministry was working on a proposed State Trade Policy, to be jointly facilitated and developed by relevant State and Federal Ministries, Departments and Agencies, as well as identified critical private-sector organisations.

He explained that the initiative was among the measures being pursued by the Government to create a stronger framework for trade and business development in the State and to ensure that the realities and needs of industries and other stakeholders are adequately captured in Government policy.

The Commissioner urged industries to maintain close communication with the Ministry, describing it as their mother ministry, so that their genuine challenges and areas requiring Government intervention could be properly documented and presented to the Executive Governor of Oyo State Engineer Seyi Makinde, for consideration in policy and budget decisions.

The Senior Special Assistant to the Governor on Industry and Cooperatives, Honourable Adeyemo Emmanuel, said the visitation reflected the administration’s determination to maintain direct engagement with the industrial sector and understand the conditions under which businesses operate.

He noted that such engagements would help the Government identify practical areas where industries require support, while also encouraging companies to sustain responsible industrial practices that contribute to employment, workers’ welfare and the development of their host communities.

Also speaking, the Senior Special Assistant to the Governor on Trade and Export Promotion, Honourable Kolawole Ojo Ayoola, said the visitation was important in giving Government a clearer understanding of the realities within the State’s industrial sector.

He noted that direct interaction with industry operators provides an opportunity for the Government to receive first-hand information on their operations, concerns and areas where further collaboration may be required, adding that such engagements would help strengthen communication between the government and the private sector.

The Commissioner assured them that their concerns would be documented and considered through the appropriate government channels, stressing the importance of continuous dialogue between government and the private sector in addressing challenges affecting industrial operations.

During the visits, management and workers of the companies interacted with the delegation and highlighted measures put in place to improve staff welfare, including health facilities, insurance arrangements, contributory pension schemes and other workplace amenities.

The companies also highlighted their corporate social responsibility initiatives in their host communities, including road maintenance, support for electricity infrastructure, provision of community facilities and fire-fighting assistance.

Some of the industrialists, however, appealed to the State Government for continued intervention in areas such as multiple taxation, road infrastructure, electricity, gas supply and timely waste disposal, noting that these challenges increase their operating costs.

The industrial visitation is an ongoing exercise, with other industries across Oyo State to be visited subsequently as the exercise progresses.

The continued engagement is expected to strengthen government-industry relations, improve the documentation of industrial activities and challenges, promote workers’ welfare and support the State Government’s efforts to create a more conducive environment for industrial growth, trade and investment.

The visitation, led by Professor Adelabu, included the Senior Special Assistant to the Governor on Industry and Cooperatives; Honourable Adeyemo Emmanuel; the Senior Special Assistant to the Governor on Trade and Export Promotion, Honourable Kolawole Ojo Ayoola and representative of the Executive Adviser to the Governor on Security Matters; Ministry of Information delegate and the management team of the Ministry.

*E-Signed:
Prince Dotun Oyelade,
Hon.Commissioner for Information,
Oyo State.

…Addresses Industry Concerns

The Oyo State Government has reaffirmed its commitment to strengthening collaboration with the Manufacturers Association of Nigeria (MAN) and other key stakeholders towards creating a conducive environment for industrial growth and sustainable business development in the State.

The Commissioner for Investment, Trade, Cooperatives and Industry, Professor Salihu Abdulwaheed Adelabu, stated this during a meeting with the leadership of the Manufacturers Association of Nigeria (MAN), Oyo/Osun/Ondo/Ekiti States Branch, led by its Branch Chairman, Dr. Samuel O. Olawoye, at his office in the State Secretariat, Ibadan.

Professor Adelabu, while welcoming the MAN delegation, appreciated the association for its cooperation and constructive engagement with the State Government, stressing the need for all relevant stakeholders to work together and chart a common path towards addressing issues affecting the manufacturing sector.

He noted that the Ministry of Investment, Trade, Cooperatives and Industry, by virtue of its responsibilities, would continue to engage manufacturers and other relevant stakeholders, emphasising that effective inter-ministerial coordination was essential to resolving issues that cut across areas such as industry, trade, markets, environment, health, safety and other regulatory matters.

The Commissioner said there was a need to strengthen regular engagement with manufacturers, recalling that issues raised by industrial operators during recent visits to industries had provided useful insights into some of the challenges confronting the sector. He therefore expressed support for the resuscitation of a regular stakeholder meeting involving the Ministry, MAN and other relevant government agencies.

According to him, issues relating to power supply, road access to industrial areas, environmental concerns, safety audits and other factors affecting the competitiveness of businesses require coordinated attention. He stressed that the State Government was interested in creating an environment that would enable industries to operate, expand and contribute more significantly to employment and economic development.

Professor Adelabu further emphasised the importance of maintaining appropriate safety standards in industrial operations, noting that safety remains a fundamental component of global best practices. He, however, stressed the need for transparency and proper coordination in the implementation of regulatory processes, assuring the manufacturers that the concerns raised would receive appropriate attention.

He also disclosed that the Ministry would continue to collaborate with relevant ministries and agencies on issues affecting industrial development, noting that the Ministry of Environment and Natural Resources, among other stakeholders, plays an important role in creating a conducive environment for businesses and industrial activities across the State.

The Commissioner called for stronger communication and a clearly defined meeting point among relevant stakeholders, saying that effective coordination would help prevent misunderstandings and facilitate faster resolution of issues affecting businesses.

Speaking at the meeting, the Commissioner for Environment and Natural Resources, Engr. Dr. Ademola Aderinto, explained that the Ministry remained open to engagement with MAN and other stakeholders, encouraging the association to formally seek clarification whenever it required further information on matters within the Ministry’s purview.

Dr. Aderinto explained that the safety audit initiative was aimed at promoting occupational health and safety, environmental protection and compliance with applicable operational standards. He noted that the exercise was designed to identify potential hazards and encourage facilities to strengthen their safety management systems and operational procedures.

He also disclosed that the Ministry had commenced initiatives aimed at recognising environmental and compliance excellence among businesses, explaining that such recognition was intended to encourage industries and other operators to continually improve their environmental standards and practices.

Earlier, the Branch Chairman of MAN, Dr. Samuel O. Olawoye, who led the delegation, read and presented the association’s letter to the Commissioner, outlining issues of concern to manufacturers and seeking stronger engagement between the association and relevant government stakeholders.

Dr. Olawoye commended the State Government for its engagement with the manufacturing community and recalled the association’s earlier interactions with the Ministry, stressing the importance of regular stakeholder meetings to provide a platform for addressing emerging issues affecting manufacturers.

The meeting also provided an opportunity for the State Government and MAN to exchange views on matters affecting industrial operations, with both sides expressing the need for continued dialogue and constructive engagement in the interest of industrial development in Oyo State.

E-Signed:
Prince Dotun Oyelade
Hon. Commissioner for Information,
Oyo State.