Repositioning subnationals for investment attraction

The Governor of Ogun State, Dapo Abiodun, has been spearheading ongoing reforms and policy initiatives in the state to enhance the ease of doing business index and attract investors. In an exclusive interview with CNBC Africa, Governor Abiodun highlighted the state's strategic location and abundant resources that make it an attractive investment destination. Ogun State, known as the gateway state, serves as the economic link between the southern, northern, and eastern parts of Nigeria. With a strong industrial base boasting over 5,000 industries, the state is a key player in Nigeria's non-oil revenue sector, particularly due to its abundant limestone deposits. Companies like Lafarge, Dangote, Nestle, Cadbury, Unilever, and others have already established a presence in Ogun State, leveraging its robust infrastructure and skilled workforce. Governor Abiodun emphasized the state's commitment to attracting more investors by creating a conducive environment for businesses to thrive. The development of a Special Agro-Industrial Processing Zone, supported by Afreximbank and operated by Arise LLP, is a significant initiative to boost investment inflows. This zone aims to leverage Ogun State's agricultural produce such as rubber, cassava, palm oil, cashew, cocoa, cotton, eggs, and poultry, utilizing the state's abundant gas resources to ensure reliable power supply for industries. Governor Abiodun highlighted the state's focus on enhancing the ease of doing business index through various reforms and policy initiatives, positioning Ogun State as a preferred destination for investment. The establishment of the African Quality Assurance Center (ACAC) in the state further strengthens its export capabilities by certifying agro-produce for international markets, eliminating the need to send goods for certification in neighboring countries. The ACAC ensures that agro-produce meets global standards right from the production stage, enhancing the value and competitiveness of Nigerian exports. Governor Abiodun also emphasized the state's infrastructure development efforts, including the construction of over 500 kilometers of highways to improve connectivity with neighboring states like Lagos and Oyo. The state's commitment to public-private sector partnership and creating a conducive business environment underscores its vision to drive economic growth and individual prosperity. Governor Abiodun's strategic approach to promoting investment and trade in Ogun State highlights the state's potential as a hub for industrial development and a gateway to prosperity in Nigeria.