In a significant boost to its industrial base, Ogun State has secured a major investment commitment valued at approximately $50 million from the Lee Group. The announcement was made during a strategic meeting between Governor Prince Dapo Abiodun and the Managing Director of the conglomerate.
The investment package includes a notable expansion of the group’s detergent manufacturing business, which currently leads the Nigerian market in sales, and the establishment of two new food processing factories aimed at exporting to the United States and European markets.
Governor Abiodun described the investment as a powerful endorsement of the state’s economic policies. “This is yet another testament to the attractiveness of our state as the emerging industrial capital of Nigeria,” the Governor stated, reaffirming his administration’s commitment to sustaining policies that make Ogun a preferred destination for global investors.
The expansion is expected to have a substantial economic impact, creating new job opportunities for residents and stimulating ancillary economic activities across the value chain. Furthermore, the new export-focused food processing plants mark a strategic milestone, positioning Ogun State as a key player in international trade.
“This bold step underscores the growing confidence of international markets in products made in Ogun State,” Governor Abiodun added, “while also positioning our state as a hub for export-driven industrialisation.”
The Lee Group’s decision significantly advances the state’s objectives under its ongoing investment drive, reinforcing Ogun’s profile as a leading destination for both domestic and foreign capital.
