Governor Dapo Abiodun of Ogun State has presented the state as Nigeria’s most industrial-ready destination for global investors, calling on Brazilian stakeholders to explore partnership opportunities across key sectors, including oil and gas, agriculture, mining, tourism, renewable energy, and technical education.
Speaking at the Ogun State Investment Summit held on the sidelines of the BRIC Summit in Rio de Janeiro, Governor Abiodun emphasized that Ogun’s strategic infrastructure, economic potential, and investor-friendly policies make it the ideal gateway to industrial expansion in Nigeria.
“Ogun State is not only industrial-ready, we are investment-hungry,” Abiodun declared. “We have the deepest sea point in Nigeria located in the Olokola region, which is ideal for a fertilizer plant and the Olokola LNG project. We welcome Brazilian investors to partner with us in developing this and other critical sectors.”
The investment summit, organized to attract foreign direct investment to Ogun, was attended by Nigerian President Bola Ahmed Tinubu, ministers, state governors, and top government officials. It formed part of Ogun’s international campaign to promote economic development and diversify investment flows into the state.
Governor Abiodun said the state is opening up for investment in:
Energy: including LNG, power plants, and renewable energy
Agriculture & Agribusiness: especially fertilizer production and livestock development
Mining and Solid Minerals
Tourism and Culture
Technical and Vocational Training for Youths
Highlighting the state’s growing industrial reputation, Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, described Ogun as “one of the most industrialized states in Nigeria,” attributing its status to a strong industrial backbone and a favorable business environment.
Finance Minister and Coordinating Minister of the Economy, Wale Edun, added that Nigeria’s economy is on the path of sustainable growth, while Central Bank Governor Yemi Cardoso noted that macroeconomic stability is being restored, providing a better environment for investors.
“The foundation for growth is being established. Inflation is trending downward, and our financial system is more stable than ever,” Cardoso said.
The Olokola Free Trade Zone and LNG project were major highlights of Governor Abiodun’s presentation. The region, positioned near Ogun’s coastline, is expected to become a hub for energy and industrial exports, leveraging its deep-sea access and proximity to Lagos and international shipping routes.
Governor Abiodun expressed confidence that Ogun’s collaboration with Brazilian investors would yield tangible outcomes in the coming months, especially in fertilizer production, technical training, and infrastructure development.
“We are not just selling a vision,” Abiodun noted. “We are offering clear opportunities backed by policy stability, land availability, infrastructure support, and a government ready to facilitate business.”
The Brazil trip marks another milestone in the administration’s global investment drive, following earlier missions to the UK, US, and Middle East, all aimed at positioning Ogun as a model for subnational investment growth in Africa.
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