The recent investment webinar organized by the Ogun State Investment Promotion and Facilitation Agency, in partnership with international chambers of commerce, aimed to showcase the investment potential of Ogun State to a global audience. The event emphasized attracting new investments, promoting the state as an investment-friendly destination, and highlighting the strategic advantages of investing in Ogun State.
By facilitating direct engagement between potential investors and key government officials, the webinar provided insights into high-potential sectors within the state’s economic landscape such as Agriculture, Manufacturing, Energy, Transport, Housing, and ICT. It addressed concerns of foreign investors, offering solutions and support mechanisms to overcome challenges.
Governor Dapo Abiodun’s initiative led to the establishment of the Ogun State Investment Promotion and Facilitation Agency (OgunInvest), which has significantly increased its visibility and services within the global investment community since its inception.
Under the leadership of Miss Sola Arobieke, OgunInvest aims to strengthen economic ties between Ogun State and international business communities, providing information on government support, policies, incentives, and support services to facilitate investments in the state.
Aligned with its vision to position Ogun State as the industrial and logistics hub of Nigeria, OgunInvest is dedicated to creating an investor-friendly environment that attracts domestic and international investments, fostering economic growth.
Furthermore, OgunInvest offers comprehensive support services to investors, guiding them through regulatory requirements and providing aftercare services for successful investment operations. The agency plays a crucial role in advocating for policy reforms to enhance the state’s business environment.
The collaboration between Ogun State government and the South Africa-Nigeria Business Chamber aims to promote business relationships and support economic growth between the two countries. The chamber, led by Dianna Games, facilitates trade and investment, advocating for conducive business environments and sustainable growth.
The recent webinar served as a platform to showcase Ogun State’s business and industrial potential, featuring key sectors for investment. The government officials shared insights, with moderator Tilewa Adebajo facilitating discussions on investment opportunities within the state.
Highlighting the state’s investment landscape, the webinar utilized platforms like Zoom, YouTube Live, and Facebook to reach a diverse audience and promote investment opportunities in Ogun State.
Commissioner for Finance, Mr. Dapo Okubadejo, emphasized the state’s commitment to security and creating a conducive business environment for local and international investors. He highlighted opportunities in agriculture, infrastructure, education, real estate, transportation, and ICT, encouraging investment in these sectors.
The webinar showcased Ogun State as a promising investment destination with ample opportunities for high returns across various sectors.
Investors looking for a prime destination should consider the capital, Lagos, in Ogun State as their top choice. The region boasts a wealth of solid minerals, making it a key player in the industry. Ogun State is renowned for minerals such as limestone, bitumen, sulphate, granite, and clay, among others, with significant potential for further exploration and development. One of its most successful ventures is in limestone, housing some of the largest cement companies in the country.
The State government has taken proactive steps to create favorable conditions for investors. They have established business clusters and developed an aerotropolis that offers a range of facilities for various business ventures, from processing zones to residential and hospitality spaces, all designed to attract and support investors.
The Chief Economic Adviser highlighted the vast opportunities in the power sector, especially considering the government’s focus on sustainable electricity generation. He emphasized the importance of engaging in solar panel production, independent power generation, and distribution. The government has also been actively working on Free Trade Zones and a Dry Port in strategic locations to boost industrial growth in the State.
To streamline the investment process, an investment facilitation agency has been established to provide comprehensive support to investors. This includes assistance with inquiries, detailed information on investment opportunities, and guidance through regulatory requirements to ensure a smooth business operation. Additionally, investors can benefit from tax waivers, rebates, and other incentives designed to promote and protect their investments.
The State’s Commissioner for Transportation highlighted the multi-modal transportation plan in place, encompassing road, rail, and sea transport. He urged investors to explore opportunities in rail, airport management, and technology adoption to enhance the transportation sector. Similarly, the Commissioner for Industry, Trade, and Investment emphasized the State’s efforts in land administration and security to create a conducive business environment. He highlighted the potential of the tourism sector and the significance of leveraging modern technology to enhance traditional industries like the renowned ‘adire’ fabric.
In conclusion, Ogun State, with its diverse mineral resources, strategic investments, and conducive business environment, offers a promising landscape for investors seeking growth and opportunity.
Ogbonnikan shares insights from Abeokuta, the capital of Ogun State.