Oyo State Government has concluded plans to hold its first economic summit in conjuction with the International Institute of Tropical Agriculture (IITA) in Ibadan in April 14^th – 15^th, 2014. The Ministry of Trade, Investment and Cooperatives told journalists at a press conference in Ibadan that the IITA was chosen as a partner for the project to show that the government has provided the right terrain, infrastructure and human resources to drive its comparative advantage in agriculture succesfully. Oyefunke Oworu, Commissioner for Trade Investment and Cooperatives described the summit as long overdue saying that it would open the doors of the state to local and foreign investors on a larger pedestal with the view of finding practical solutions and developing strategies that would serve as an integrated road map for the economic transformation of the state. The theme for the summit is “Oyo State; Right For Business”. The commissioner said this is appropriate because the Government had over the past few years made essential provisions to create an enabling environment for investors, adding that Oyo was ready to go back to its glorious days of earnings from agriculture. Ntenraya Sangiga, the DG of the IITA, on his remarks concerning the conference said that great potentials abound through the active partnership of the IITA, the Oyo State Government and the private sector. Being one of the largest producers of cassava in Nigeria, the state had more than enough to leverage in crop production using the best technology they have available. The State boasts of an expansive arable land area of 27, 107.5 square kilometres, a working population of approximately 4.3 million people , Gross State Product of approximately 1.7 billion dollars, a per capita income of 276 dollars, over five research institutes, an estimated population of over 7.5 million people and with more than 40 outstanding tourist sites. The state is poised, ready and capable of becoming the destination of choice for real investments. The summit will start on April 14 and is expected to attract captains of industries, directors of blue chip industries, heads of local and international organizations, top officials of embassies, SMEs among other stakeholders.