Upgraded Ibadan Airport Will Boost Investors’ Confidence in Oyo State — NANTA VP

Vice President of the National Association of Nigeria Travel Agencies (NANTA), Otunba Babatunde Adesokan, says the ongoing upgrade of Ladoke Akintola Airport to international standards will enhance investor confidence and drive growth for Oyo State.

• Accessibility and First Impressions
  Adesokan pointed out that one of the first concerns for foreign and domestic investors is ease of access. He observed that when an investor from places like the UK or USA assesses Oyo State, knowing they can fly directly into Ibadan without an inconvenient stopover influences their decision significantly. 

• Trade & Market Efficiency
  He referenced the significance of Ibadan’s markets—such as the Bola Ige International Market—highlighting how many traders currently ship goods through Lagos or use longer, riskier routes. Direct international flights would reduce cost, time, and risks associated with overland transport at odd hours. 

• Tourism Potential & Economic Diversification
  Adesokan commended Governor Seyi Makinde’s investment in infrastructure and tourism. He mentioned that tourism, hotels, local culinary businesses, and related service sectors stand to gain from improved connectivity. The cost for the government lies mostly in infrastructure; the returns come in jobs, visitor spending, and increased economic activity. 

• Current Trends & Performance
  According to Adesokan, visitor numbers to Oyo State have grown from about 3,000 to 18,000 daily. Of those, 1,000 to 2,500 typically show interest in investing or engaging with local businesses. This surge, he suggests, is in part because investors perceive the state as safer and friendlier under the present administration. 

• State-Level Advantages
  He also praised the government’s emphasis on security and infrastructure, saying it has helped Oyo become rated among the most investment-friendly states in Nigeria.