The Ondo State Government, on Monday, said it has distributed over 13,000 prepaid meters to residents and small business owners, which has led to an increase in productivity and expansion for many small and medium-scale enterprises (SMEs), creating a new wave of business optimism across the state.
Idowu Ajanaku, the Commissioner for Information and Orientation, disclosed this in Akure while highlighting the government’s multi-sectoral efforts aimed at transforming the state into a vibrant economic hub through the OUR EASE Agenda.
According to him, the distribution of the prepaid meters, which was started in September 2024, has drastically reduced estimated billing, enhanced transparency, and boosted the confidence of investors in the state.
Ajanaku, therefore, commended the Ministry of Energy and Power for its remarkable progress in improving electricity access and reliability across the state.
The Commissioner further noted that the Ondo State Power Company (OSPC) has intensified regulatory oversight and coordination with distribution companies to ensure a stable power supply.
Ajanaku explained that the state’s transformation is being anchored on strategic investments in infrastructure, power, agriculture, tourism, and revenue generation, all of which are repositioning Ondo State for sustainable growth and investor confidence.
“Regular electricity supply is the backbone of industrial development, and Governor Aiyedatiwa’s administration understands this clearly. The renewed energy policy and the state power company’s efficiency are already driving business growth,” Ajanaku added.
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The Commissioner also commended the Ondo State Internal Revenue Service (ODIRS) for its excellent drive and dedication in boosting the state’s Internally Generated Revenue (IGR).
He said ODIRS has improved revenue collection systems through digital innovation, tax education, and transparent operations, strategies that have strengthened the state’s fiscal capacity to fund infrastructure and social projects.
“The IGR drive has not only increased the state’s financial independence but also built public confidence in government accountability and service delivery,” Ajanaku emphasised.
Highlighting the state’s vast agricultural potential, Ajanaku reiterated that Ondo remains Nigeria’s leading cocoa producer and the second largest in West Africa. He said the government is strengthening value addition and agribusiness investment to create jobs and boost export revenue.
Ajanaku, who appealed to both local and foreign investors to take advantage of the state’s ongoing transformation, said, “Ondo State is ready for business. We have the resources, strategic location, power stability, and transparent governance that investors are looking for. The Aiyedatiwa administration is determined to turn Ondo into Nigeria’s next business hub.”
