Business & Finance

100 Companies Invest N2tn in Ogun State

Ibikunle Amosun

The Ogun State Government has said that more than 100 companies have set up businesses in the state, adding that each of them has investment in excess of N200bn.
The Ogun State Governor, Senator Ibikunle Amosun, disclosed this on Wednesday during the inauguration of the Ota plant of Nigerian Breweries Plc.

He said, “Over the years, Ogun State has become a preferred destination for investors. As of the last count, over 100 companies started their operations in our state with each of them investing about N200bn in the nation’s economy.”

Amosun explained that the firms were attracted to the state because of the ambience created by his administration in the last six years for businesses to thrive.

He said, “We have not only created offshore enquiries on availability of land and processes, we have also sped up the time of processing papers on land matters. We are also investing heavily in infrastructure all in a bid to engender conducive climate for investors in our state.

“In the same vein, we are also working assiduously to continue to empower the various security outfits in our state despite the fact that they are on the exclusive list in our constitution.

“Let me assure you that we will continue to maintain vigilance and optimise our intelligence gathering to ensure that all our companies here are secure and safe.”

He disclosed that his administration was working with the Federal Government to ensure the Sango/Ota industrial area was fully integrated into the infrastructural development agenda, adding, “It is hoped that our synergy with the government will yield maximum benefit to all the people of Sango and its environs,” he said.

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