Ooni Of Ife Signs MoU With American Company To Build $1.4 Billion Technology Hub In Osun.

The Ooni of Ife, His Imperial Majesty Ooni Adeyeye Enitan Ogunwusi(Ojaja II) on Tuesday 12th July 2016 at his Ile Oodua Palace, Ile-Ife signed a Memorandum of Understanding(MoU) with a US based company SpringPort Technological Group to build a Technology, Media City and Agriculture Incubation Hub in the town.

This huge investment came barely two weeks to the return of the Ooni from the USA where he had earlier visited to seek involvement of Africans in Diaspora in his peace and unity agenda and solicit their support for the continent on developmental projects in agriculture, tourism, infrastructure and youth development.

With the MoU, the technological hub worth $1.4bn in its first phase, is expected to facilitate massive employment of youths in Ile-Ife. After the MoU was signed, the start-up phase for master plan was to begin with investors in London and Asia.

Subsequently, the MoU would be presented to Elliot Jones representing Maya Angelo Foundation, Jason Harrison ofTredic Corporation UK and some other American/Asian investors.