Why Osun Ranks Among Nigeria’s Lowest in New Business Creation

A recent Fate Institute report shows Osun State recorded a 10.4% business birth rate in 2025. This places it among the bottom ten of Nigeria’s 36 states and the FCT. Despite its commercial hubs in Osogbo, Ile-Ife and Ilesa, and its proximity to Lagos and Ibadan, Osun faces crumbling roads, erratic power supply and a local government funding crisis. These challenges have driven potential entrepreneurs away and stalled new ventures. Experts say the solution is clear: rehabilitate roads, resolve local government funding, establish a funded SME support programme and create regulatory clarity. With the August 2026 election approaching, voters must weigh these economic facts when assessing the current administration’s record.

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