United Kingdom Deputy High Commissioner Jonny Baxter has pledged a deeper collaboration between the UK and Ondo state with a $40 million British International Investment commitment in JohnVents Cocoa.

Ondo State Governor, Dr. Lucky Orimisan Aiyedatiwa, on Wednesday, formally invited the British envoy to explore the state’s rich natural and economic resources, describing Ondo as Nigeria’s leading cocoa producer and a hub for agriculture, solid minerals, and emerging industries.

Governor Aiyedatiwa highlighted the state’s significant strategic advantages for investment, noting its 15,500 square kilometer landmass, its ₦5.1 trillion GDP, and Nigeria’s longest coastline, where there are plans for a deep seaport to drive export and growth in the blue economy.

He assured the envoy that Ondo has significantly enhanced security and established a one-stop investment office to fully support potential investors.

The Governor also cited ongoing state-supported projects, including a modular refinery and a chemical plant, which are being facilitated through the Ondo State Development and Investment Promotion Agency.

In response, Deputy High Commissioner Jonny Baxter pledged a deeper collaboration between the United Kingdom and Ondo State. He confirmed a $40 million British International Investment commitment in JohnVents Cocoa, alongside other financial support the UK provides to Nigerian Small and Medium-sized Enterprises.

Baxter emphasized the evolving nature of the UK’s engagement with Nigeria, stressing that the focus has now shifted to mutual investments rather than traditional aid, highlighting partnerships that are designed to drive sustainable economic growth.

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