OGUN STATE
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OGUN STATE
OPEN FOR BUSINESS
A Presentation by Prince Segun Adesegun,
Deputy Governor, Ogun State
Nigeria.
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OGUN STATE - Facts & Figures
• Created in February, 1976
• Estimated population of some 5 million people
• Agriculture is the mainstay of the people
• State is proximal to Lagos and gateway to South-East, North of
Nigeria and Republic of Benin
• Encompasses Rivers, Lagoons, Ocean front
• Possesses immense developmental potential
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Facts & Figures
• Ogun state is an entry point for merchandise imports from
Republic of Benin, and so accounts for a significant portion of
Customs revenue in the Country
• It has the highest number of universities in the country
• 1 Federal University
• 2 State universities
• 5 private Universities
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Drivers for Economic Growth
 Creation of the Trade & Investment Department
 Establishment of a One-Stop Shop for prospective
investors
 Launching of the State Security Trust Fund
 Rebates on Land Purchase – up to 80%
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Impacts of New Measures
One-Stop Shop has reduced bureaucratic bottlenecks for
investors
Necessary permits/licences are quickly approved with right
documentation
Enforcement of property rights/Rule of law
Safer and enabling environment
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Incentives
• Incentive strategies in place to attract genuine investors include:
– Provision of institutional support and relevant infrastructure
– Re-energizing existing agricultural hubs and creation new
ones in the state
– Re-engineering effort towards improved steady electricity
supply
– Open door policy of the government
– Provision of suitable land in designated urban and rural
areas
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Incentives
 8 Industrial Estates serviced with good roads,
Communication network, Electricity and other basic
infrastructure
1. Abeokuta – Lagos/Abeokuta Road
2. Ota – Idi –Iroko Road,
3. Agbara –OPIC Estate ,
4. Ijebu –Ode – Ikangba Estate,
5. Ogijo – Ikorodu Road,
6. Ilaro – Ibeshe Road,
7.Sagamu – off Sagamu/Benin Road,
8. Ijebu Igbo – Oru/Ijebu – Igbo Road
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Incentives
 Promotion of Capacity Building/Linkages between Micro
Small & Medium Enterprises (MSMES)
 Industrial Park/Technology Incubation Centre
 3 Industrial Parks : 1 for each Senatorial District
 3 Technology Incubation Centres: Abeokuta, Odogbolu &
Owode Yewa
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Incentives
 Partnership with Bank of Industry
 To provide single digit interest rate loans to SMEs
 Total fund available under scheme is N1 billion
 About 200 beneficiaries already recorded
 The state Mineral Resources and Environmental Compliance
Committee (MIREMCO)was activated as a bridge between the
State and the Central government, to actualize our potentials in
the mining sector
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Value Proposition
• Access to
combined
potential of
30m people
• Products for
cultivation and
industrial
processing
– Oil palm,
Cocoa
– Cashew,
Citrus
– Rice, Cassava
– Rubber,
Tomatoes,
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Solid Minerals
Resource
Local Government
Limestone
Sagamu West-wards through Ewekoro & Ibese to the border with the
Republic of Benin
Bitumen
Ijebu-Ife to Ijebu-Water-Side in Ijebu-East
Clay
Ifo, Ewekoro, Ado – Odo/Ota Ijebu North
Tar Sand
Ijebu – Ife to Ijebu-Water Side in Ijebu East
Kaolin
Abeokuta North, Obafemi Owode
Gypsum
Ifo, Ewekoro, Yewa South, Ipokia
Mica
Ifo, Ado-odo/Ota and Ilaro Areas.
Phosphate
Ifo, Yewa South
Glass Sand
Yewa South, Ado –Odo/Ota
Decorative Rocks &
Aggregate
Odeda, Obafemi Owode, Ijebu-East
Quartz
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Abeokuta North, Odeda, Abeokuta South
Success Stories
 Dangote Cement Plant
 Factory is the largest in sub-Saharan Africa
 Cost: US $1 billion
 Projected to create over 7,000 people
 Other cement plants:
 Purechem Industries: 150,000 MT per annum
 And others
Success Stories
 6 Industries commissioned within the past year. Of the 6, 4
were commissioned by President Goodluck Jonathan, including:
 Dangote Cement Plant, Ibeshe
–
6.6M MT
per annum
 Lafarge WAPCO Plc, Ewekoro Plant II 2.5M MT
per annum,
 Costs 350M Euros. It pushes Lafarge WAPCO total cement
capacity to 4.5MT per annum
 May & Baker Nigeria PLC, Ota
 Procter & Gamble Agbara Plant
Success Stories
• 45 prospective factories:
– Food Processing Factory
– Bottled Water Factory
– Development of a Modern City
– Ceramic Wares Factory
– Cement Factories
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Other Manufacturing Industries
Food & Beverages
Chemical& Pharmaceuticals
General Manufacturing
•Multi-Trex
•Integrated Foods
•Nestle Nigeria
•Unilever Nigeria Plc
•Glaxo Smith Kline Plc
•Fidson Healthcare Plc
•Nigeria German
Chemical Plc
•Evans Medical Plc
•Reckitt Benckiser Nigeria
Ltd
•Kolorkote Nigeria Ltd
•Aluminium Rolling Mills
•Midland Galvanised
Product Ltd
•African Foundries
•MINL Industries
•Federated Steel Mills Ltd
•Eagle Packaging Limited
•VeeVee Industries
Major Multinationals in Ogun State
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Thank you!
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