OGUN STATE OGUN STATE

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OGUN STATE

OPEN FOR BUSINESS A Presentation by Prince Segun

Adesegun,

Deputy Governor, Ogun State

Nigeria.

OGUN STATE - Facts & Figures

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• 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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• 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

Incentives

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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

Incentives

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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

Incentives

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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

Incentives

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• Access to

combined potential of 30m people

• Products for cultivation and industrial processing– Oil palm,

Cocoa– Cashew,

Citrus– Rice,

Cassava– Rubber,

Tomatoes,

Value Proposition

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Resource Local GovernmentLimestone 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 Abeokuta North, Odeda, Abeokuta South

Solid Minerals

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

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• 45 prospective factories:

– Food Processing Factory

– Bottled Water Factory

– Development of a Modern City

– Ceramic Wares Factory

– Cement Factories

Success Stories

Food & Beverages

•Multi-Trex •Integrated Foods•Nestle Nigeria•Unilever Nigeria Plc•Glaxo Smith Kline Plc

Chemical& Pharmaceuticals

•Fidson Healthcare Plc

•Nigeria German Chemical Plc

•Evans Medical Plc•Reckitt Benckiser Nigeria Ltd

General Manufacturing

•Kolorkote Nigeria Ltd

•Aluminium Rolling Mills

•Midland Galvanised Product Ltd

•African Foundries•MINL Industries•Federated Steel

Mills Ltd•Eagle Packaging

Limited •VeeVee Industries

Other Manufacturing Industries

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Major Multinationals in Ogun State

Thank you!

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