Contrary to popular opinion, the state of Osun owns 14% equity in Omoluabi Garment Factory, located along Gbongan Osogbo road, Ede.

This was revealed by Mr. Jayeoba Alagbada, a former commissioner for Commerce, Co-Op & Empowerment and also a present commissioner-nominee in the state who held his screening at the state house of Assembly on Tuesday.

Recall a certain highly placed person in government was rumoured to own the garment making company using Sam & Sara Factory Limited as a front. But revealing the true status of government stake in company, Alagbada revealed that government’s only contribution to the company was land, which secured for it, a 14% stake in the company.

“Our only contribution to the company is land, nothing more,” Mr. Alagbada stated.

Explaining the role of the company in driving the O’Uniform policy, the commissioner-nominee stated the state government acted as an offtaker for 750,000 school uniforms which was distributed for free to students across the state. The arrangement ensured the building of the biggest garment factory in West Africa in the state of Osun.

Alagbada further stated that the company has since moved beyond school uniform making in Osun.

“Omoluabi Garment Factory, is a thriving Private Public Business Partnership between the government of the state of Osun and Sam & Sara Garments Limited. The company now produces uniforms for the Nigerian Military, Guarantee Trust Bank (GTB), Lagos Internal Revenue Service (LIRS), among several others.” Alagbada stated.

It was also revealed that as at February 2017, at least, the sum of N120mn has been made as profits by the textile sellers through the sale of subsidized school uniforms alone.

https://www.youtube.com/watch?v=pB3Hue8sNVg

This is quite interesting to know because initially i thought the company was a private business owned by some individual. its good to know that Osun state is involved in this progressive business, Whether through land contribution or monetarily this 'omoluabi Garment Factory' is set to contribute to the development of the state and beyond the state.

so?

Amazing fit! If only our elected officials could be this pragmatic and people driven, Nigeria surely will find her way out of the woods. State of Osun under Rauf is moving from strength to strength. For those who erroneously believed that Ogbeni's administration is all about physical infrastructural development, this is another point for you to debate. No one ever believed that a "civil service state" could attract an investment of this magnitude. Keep-up the good work Mr Governor; the end will surely justify the means. For those in charge of Nigeria's power sector, please step out of your comfort zone to see what people like Ogbeni is doing right through the PPP arrangement.

So far this investment strategy is a good one and has given so much back to the public and to the people of the State of Osun has benefited so much from it, like the O-Uniform initiative and so on, its has also given room for employment and empowerment in the state.

Valuable information like this should be put in public space so the those being governed can be informed about the effort of government in an aspect as critical as investments. The government has shown itself as very shrewd to have secured 14% equity in the company with the investment of just land.