Dapo Abiodun, Ogun state governor, says the $1.8 billion Lee Group industrial park will create about 15,000 direct and indirect jobs, accommodate 29 manufacturing companies, and further strengthen the state’s position as Nigeria’s leading industrial destination.
Abiodun spoke on Thursday at the groundbreaking ceremony of
the 450-hectare facility, describing the investment as a boost to the state’s
industrialisation drive and an endorsement of its business-friendly
environment.
The governor said the project would expand manufacturing
activities, stimulate economic growth and create employment opportunities,
particularly for young Nigerians.
He said Lee Group’s decision to establish its first
industrial park in Ogun reflects investors’ confidence in the state’s economic
potential, strategic location, and infrastructure.
“Your decision to establish this first industrial park in
our dear state is a clear demonstration of confidence in our economic
potential, our industrial climate and the enormous opportunities that Ogun
State offers,” Abiodun said.
He said the economic benefits would extend beyond the 29
factories planned for its first phase, creating opportunities for small and
medium-scale enterprises involved in logistics, transportation, warehousing,
packaging, equipment maintenance, catering, security and construction.
The governor said increased industrial activities would
stimulate demand for housing, retail businesses, transportation and other
essential services, with surrounding communities also benefiting from the
investment.
According to Abiodun, Ogun’s proximity to Lagos, Nigeria’s
commercial and financial hub, coupled with access to major domestic and
international markets, gives the state a competitive advantage as an investment
destination.
He reaffirmed his administration’s commitment to providing
the infrastructure, policies and business environment required to sustain
investments and support industrial expansion.
“Our focus is not simply to attract industries to Ogun
State, but to build an interconnected industrial ecosystem where large
manufacturers, SMEs, service providers and communities can all benefit from
increased economic activities,” he said.
FG TO BREAK GROUND ON 17,000-HECTARE SUGAR FARM IN NIGER
Speaking at the event, John Enoh, minister of state for
industry, trade and investment, said the federal government’s Nigerian
investment policy is designed to attract domestic and foreign capital,
diversify the economy and encourage the development of industrial parks.
Enoh disclosed that the federal government would hold
another groundbreaking ceremony in Niger state within the next month for a
17,000-hectare integrated sugar farm.
He said investments such as the Lee Group industrial park
would help Nigeria move from exporting raw materials to producing and exporting
finished goods.
The minister commended Abiodun for creating an environment
conducive to investment, describing Ogun as the industrial hub of the country.
Earlier, Sheau Fung Lee, chairman of Lee Group of Companies,
said the project marks another milestone in the company’s investment in
Nigeria, which began in 1962 with the establishment of an enamelware factory in
Port Harcourt.
Lee said the group, which currently employs about 26,000
people, has expanded its operations across several sectors of the economy.
He said the proposed industrial park would accommodate 29
manufacturing companies operating in sectors such as food and beverages,
industrial support products, footwear, personal care products, automation and
plastics recycling.
The chairman attributed the investment to the group’s
confidence in Nigeria’s market size, population, and economic potential.
Also speaking, Oba Babatunde Ajayi, the paramount ruler of
Remoland, welcomed the investment and pledged the support of the traditional
institution and host communities.
However, he urged the company to ensure that residents
benefit from the project through employment opportunities, local contracts and
corporate social responsibility programmes.
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