Casablanca:How Makinde Secures Multi-Million Dollar Investment with Africorp Consortium to Build Factory in Ibadan(Photos)

Oyo state governor of Oyo State , Engr Seyi Makinde said his administration has  contracted a major investment deal with Africorp Consortium during his recent visit to Casablanca, Morocco. Eaglessightnews reports.

This recent development is  contained in Makinde’s  tweet on the official x handle on Monday.

The meeting which Oyo Governor, Makinde attended   Led by Chairman Saad Berrada Sounni and CEO Jaafar Harti, Africorp  is  to establish a multi-million-dollar factory in Ibadan.

Also in the statement, Eaglessightnews understands  that Oyo State government has already allocated land for Africorp having paid the necessary fees to take possession of the land.

The state further revealed a  memorandum of cooperation which was  signed between the two parties, highlighting Africorp’s diverse business interests in agro industries, mining, education, mattress production, wood carpentry, and PET recycling. The partnership is expected to bring significant economic opportunities to Oyo State and foster growth in various sectors.

You may miss:Makinde Meets LAUTECH Stakeholders, Moves To Resolve ASUU Strike, Controversy Over Name Change, Others

The tweet reads;

We have been in Casablanca, Morrocco for a series of meetings with Africorp Consortium led by Chairman, Saad Berrada Sounni and CEO, Mr Jaafar Harti. Africorp is the parent company of Dolidol which acquired Mouka Foam and is establishing a multi-million-dollar factory in Ibadan.… https://t.co/AEDe9s4vjz pic.twitter.com/6dZmn6bCac

— Seyi Makinde (@seyiamakinde) March 26, 2024

“We have been in Casablanca, Morrocco for a series of meetings with Africorp Consortium led by Chairman, Saad Berrada Sounni and CEO, Mr Jaafar Harti. Africorp is the parent company of Dolidol which acquired Mouka Foam and is establishing a multi-million-dollar factory in Ibadan. Our administration has already allocated land for this purpose and Africorp has paid the required fees and taken possession of the land.

‘We also signed a memorandum of cooperation with Africorp Consortium which has business concerns in agro industries, mining, education, mattress, wood carpentry and PET recycling. We are looking forward to welcoming them in Oyo State.”