home | about us | products & services | investor relations | resources | careers | contacts | downloads
  +234 803 584 6922
  +234 705 519 9920
  info@legendmfb.com
resources
Loan Calculator
Osun State Economy
SME
 
 
Osun State Economy

 

General Information
Osun State was carved out of Oyo State on August 27, 1991 by the then regime of General Ibrahim Babangida. It's capital is Osogbo. Located in South West Nigeria, Osun state is landlocked and occupies 9,251 square kilometres.

Osun State shares borders Kwara State to the North, Oyo State to the West, Ogun State to the South and Ondo and Ekiti States to the East.

The people of the state are Yorubas and they trace their origin to Oduduwa and the town of Ile-Ife. Ile Ife is an important center of political and religious development for Yoruba culture. Other important cities and towns include the ancient kingdom-capitals of Òkè-Ìlá Oràngún, Ìlá Oràngún, Ede, and Ilesa.

The state's name is derived from the River Osun, a deified natural spring where annual traditional festivities are held. Osun-Osogbo Grove, the shrine of the annual rites of the deity and an important artistic center in western Nigeria, was declared a World Heritage Site in 2005.

Every year, adherents and non-adherents of Osun, one of the Orisa (the traditional deities of the Yoruba), travel from all over the world to attend the annual Osun festival in August. Visitors include nationals of Brazil, Cuba, Trinidad, Grenada, and other nations in the Americas with a significant Yoruba cultural heritage.

The people of Osun State are warm and hospitable. The State consists of politically conscious citizenry who are highly aware of their rights. The people of the State are highly enterprising and could be found engaged in trading all over the country.

Occupation and Industry
The people of the State are mainly traders, artisans and farmers. Their other occupations include making of hand-woven textiles, tie and dye clothes, leather work, calabash carving and mat-weaving.

Infrastructure
The State has an appreaciable Federal presence in addition to thousands of kilometres of motorable roads. Osogbo the state capital houses the National grid of the National Electric Power Authority. In addition, a natural rail line cuts through the State Capital.

Natural Resources
Osun State is blessed with vast mineral resources. These include gold, clay, limestone, kaolin and granite. It also has many agricultural resources.

Human Resources
The people are generally industrious and highly articulate. The State is blessed with vast human resources and an articulate, intelligent and aggressive workforce.

Investment Opportunities
Investment opportunities abound in the densely populated cities of the State, which is very compact. Osogbo, the State Capital can be reached from any part of the State by road within an hour. Yam, Maize, Cassava, Millet, Plantain and Rice are the major cash crops in the State. Lumbering and the growing and marketing of cocoa and kolanut are carried out on a large scale. The mining sector being activated.The livingspring minerals promotion Co.ltd,formed ith the backing of the government of osun state is involved in mining activities in various parts of nigeria.

Local Goverments

Aiyedade
Aiyedire
Atakumosa East
Atakumosa West
Boluwaduro
Boripe
Ede North
Ede South

Egbedore
Ejigbo
Ife Central
Ife East
Ife North
Ife South
Ifedayo
Ifelodun

Ila
Ilesha East
Ilesha West
Irepodun
Irewole
Isokan
Iwo
Obokun
Odo-Otin
Ola-Oluwa
Olorunda
Oriade
Orolu
Osogbo
 
More information about Osun state and its economy may be found at: http://www.osunstate.gov.ng/econoind.htm
 
 
Legendmfb.com is the source of information about and access to domestic financial services provided by Legend Microfinance bank
Privacy Policy | Terms of use | Scam Alert
Copyright © 2008 Legend Microfinance Bank Ltd, Osun state Nigeria