The Oyo State Government has begun implementing measures to address bottlenecks surrounding vehicles acquired through hire purchase agreements, particularly those affecting transport operators across the state. This was disclosed during a stakeholders’ engagement held at the Ministry of Investment, Trade, Cooperatives and Industry on Friday in Ibadan. Other stakeholders at the meeting agreed that outcomes of the discussions would be harmonised into formal recommendations for legislative consideration and subsequent policy action, aimed at establishing a humane, structured and sustainable hire purchase system in Oyo State. In another development, the Oyo State Government has reaffirmed its commitment to strengthening economic development, enterprise growth and youth empowerment through strategic initiatives focused on agricultural export promotion. He assured participants that the state government would continue to provide enabling policies and capacity-building programmes to support farmers, exporters and young entrepreneurs in positioning Oyo State as a key player in Nigeria’s agricultural export economy.

Source: Nigerian Tribune February 08, 2026 16:20 UTC