Ogun State Governor, Prince Dapo Abiodun has urged investors from Brazil to partner with the state to set up a fertilizer plant at the Olokola Liquefied Natural Gas Project.
The governor also stated that Ogun State is ready for investment opportunities in oil and gas, livestock, mining, agriculture, power plant development, renewable energy, tourism, technical and vocational training for youths, among others.
Prince Abiodun spoke at the Ogun State Investment Summit held in Rio de Janeiro, Brazil, on the sidelines of the BRIC Summit attended by President Bola Ahmed Tinubu, five governors, ministers, and other government officials.
The summit is in furtherance of the investment drive of the Dapo Abiodun-led administration for the rapid development of the Gateway State.
Abiodun described Ogun State as investor-friendly and one of the most developed states in Nigeria, even as he noted that Olokola has the deepest sea point in the country.
He said: “We have a region in our state that is the deepest sea point in Nigeria, called the Olokola region, where there is an Olokola gas project in the offing. This place has been identified as the right location to have a fertilizer plant. So, we welcome partners from Brazil to set up a fertilizer plant with us in Ogun State.”
Nigeria’s Foreign Affairs Minister, Yusuf Tuggar, who also spoke at the event, described Ogun as one of the most industrialized states in Nigeria.
“There’s a lot that already exists in terms of the backbone for industries, which is why Ogun is very industrialized. It is one of the most industrialized states in Nigeria,” Tuggar said.
Finance Minister and Coordinating Minister of the Economy, Wale Edun, noted that Nigeria is on the right track in terms of growth, inflation, and external positioning.
Central Bank Governor, Yemi Cardoso, said that Nigeria’s financial system has been stabilized since the present administration came on board.
He stated: “In Nigeria today, we have stability in our financial system. We have a very tight monitoring system that ensures that inflation is gradually beginning to trend downward. The significance is that the foundation for growth is being established.”
