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Home Business & Finance Business

Ogun State woos foreign investors with major development projects

Quadri Olaitan by Quadri Olaitan
December 6, 2024
in Business
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Governor Dapo Abiodun promotes Ogun State’s investment potential in Morocco, highlighting key projects in energy, transport, and industry.

 

 

[dropcap]O[/dropcap]gun State Governor, Prince Dapo Abiodun, has called on foreign investors to explore the wealth of opportunities available in the state, ranging from energy to infrastructure.

Speaking during the ongoing Africa Investment Forum (AIF) Market Days in Rabat, Morocco, the governor emphasised Ogun State’s readiness to welcome global partnerships.

 

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Also read: OGD launches vocational training to empower Ogun East youth, women

 

At a meeting with Dr Akinwumi Adesina, President of the African Development Bank (AfDB) Group, Prince Abiodun outlined several high-impact projects requiring foreign investment.

These include renewable energy development, livestock value addition, timber processing, and enhancements in the power sector.

Additionally, the state is pursuing innovative infrastructure projects, such as establishing an automotive assembly plant and extending Lagos’ Red and Blue rail lines into Ogun State.

These extensions aim to connect Agbado to Kajola and Okokomaiko to Agbara/Lusada, alongside the new Purple Line.

Praising AfDB’s role in facilitating connections between sub-national governments and international investors, Prince Abiodun expressed his gratitude:

“Our meeting earlier today in Morocco with the President of the African Development Bank (AfDB) Group, Dr Akinwumi A. Adesina, focused on key projects we plan to embark on in Ogun State.

We expressed our appreciation for the critical role AfDB plays in connecting sub-national governments with potential investors and providing proof of financing for major initiatives.”

The governor further underscored the importance of partnerships in driving Ogun State’s sustainable development agenda.

“This engagement reinforces our commitment to leveraging strategic partnerships and innovative financing solutions to drive sustainable development and economic growth in Ogun State,” he added.

Source: Read more at gazettengr.com

Quadri Olaitan
Quadri Olaitan

Quadri Olaitan is a journalist and contributor to Freelanews.com, covering news, public affairs, and human-interest stories.

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