Nigeria: Ogun State attracts 148 new industries with billion dollar investment in seven years – Amosun

WorldStage Newsonline– Governor Ibikunle Amosun of Ogun State on Tuesday confirmed that his state attracted 148 new industries that invested between a minimum of $200 million and in excess of $2 billion in the past seven years.

In his address at the fourth Ogun State Investors Forum Investors Forum with the theme “Consolidating the Gains and Accelerating Growth”, he noted that the State Government had improved the enabling environment for businesses to thrive.

“No investment can flourish in an unsecure environment. We made significant investments in our security infrastructure and architecture, and built strong collaborations with the security services, so as to guarantee the security of lives and property,” he said.

Amosun further noted that the State Government had entered into a partnership with a private firm to develop the Lisabi Independent Power Project in Abeokuta.

“This 12 megawatts power plant has been completed and is ready for commissioning. We have also signed MoUs with eight private power providers for the establishment of a total of 314 megawatts IPP in different parts of our State,” the Governor said.

He assured existing and prospective investors of the safety of their investments in the state, adding that improved approaches have been adopted by the State Government to consolidate the gains of the last few years.

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