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Osun Government signs MoU with International Breweries

By on November 21, 2013

Gov. Rauf Aregbesola of Osun on Thursday signed a Memorandum of Understanding (MOU) with the management of International Breweries in Ilesa aimed at expanding the company’s activities.

Aregbesola, while signing the MoU in Osogbo, said that the MoU would boost the operations of the company in the state.

He promised that the state government would create enabling environment for willing investors from within and outside to industrialise the state.

“Our administration has taken different steps to turn around the fortunes of the state economically which I considered as a giant step.

“ We thank the management of International Breweries Plc for selecting the state for the investment over all other states of the federation,’’ he said.

The governor urged the management to be involved in the state government’s backward integration for the benefit of those producing the company’s raw materials.

“The collaboration of the IB Plc will help to create about 150,000 direct and indirect jobs in the state.’’

The Chairman of the company, Mr Michael Daramola, commended the efforts of Aregbesola to transform the state industrially.

Daramola said that this informed the decision of the company to expand its scope of operations in the state.

The News Agency of Nigeria (NAN) reports that Aregbesola signed the MoU on behalf of the state government, while Daramola signed on behalf of the company. (NAN)