OYSIPA: Driving Economic Growth, Infrastructure Development, and Poverty Alleviation in Oyo State

Director-General of the Oyo State Investment and Public Private Partnership Agency (OYSIPA), Mr. Tilewa Folami, has outlined the agency’s remarkable contributions to Governor Seyi Makinde’s economic expansion programme, infrastructure development, and efforts in lifting residents out of poverty. Speaking during the Omituntun 2.0 Inter-Ministerial Briefing on July 9th, 2025, Folami highlighted how OYSIPA has empowered thousands of Medium and Small Scale Enterprises (MSMEs) while transforming Oyo State’s infrastructure landscape.

Key Achievements and Impact

Established in 2019 and modeled after the Nigeria Investment Promotion Council (NIPC), OYSIPA spearheads investment promotion, facilitates Public-Private Partnership (PPP) projects, and creates an enabling environment for sustainable development. Through innovative tools like the PPP and Alternative Project Financing Approach (APFA), OYSIPA has overseen projects such as:

• •Construction of the 21km Ajia-Airport Road with a spur to Amuloko
• •Completion of the 9.7km Saki Township Road
• •Completion of the Idi Ape-Bashorun-Akobo-Ojurin-Odogbo Barracks Road
• •Rehabilitation of the Oyo-Iseyin Road
• •Remodeling of the Lekan Salami Sport Complex
• •Resuscitation of moribund assets like the Ijaiye Asphalt Quarry and Captain Bower’s Tower
• •Rebuilding of the Oyo State Lodge in Abuja

Driving Economic Growth Through MSME Support

OYSIPA's interventions in MSME support, including the NG-Cares Programme and the SME Component of SAfER, have disbursed over ₦3.8 billion to beneficiaries across the state. These initiatives have helped traders, artisans, and nano businesses overcome economic shocks and grow sustainably.

Opportunities for Investors

OYSIPA’s efforts to attract private capital into infrastructure and real estate, coupled with the agency’s strategic role in boosting Internally Generated Revenue (IGR) from ₦1.7 billion in 2019 to ₦8.7 billion in June 2025, position Oyo State as a leading investment destination. Investors benefit from a business-friendly environment, progressive policies, and government support in key sectors such as agriculture, tourism, solid minerals, and manufacturing.