- Investment as clear evidence of the state’s appeal to global investors
- Plans to scale up its detergent production business
- Plans to set up two new food processing factories targeted at the export market
Ogun State has secured new investment commitments worth about $50 million from Lee Group, further strengthening its reputation as Nigeria’s leading industrial hub.
Eko Hot Blog gathered that the agreement was reached during a high-level meeting between Governor Dapo Abiodun and the company’s Managing Director.
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Speaking after the discussions, Governor Abiodun described the investment as clear evidence of the state’s appeal to global investors and reaffirmed his administration’s resolve to sustain policies that encourage ease of doing business.
According to the governor, Ogun State remains focused on creating a business-friendly environment that guarantees returns for investors while also generating jobs and improving livelihoods for residents.
As part of its expansion, Lee Group revealed plans to scale up its detergent production business, which already commands the largest market share in Nigeria.
The project is expected to boost local employment, strengthen the manufacturing sector, and create economic opportunities across the entire value chain.
In addition, the company announced plans to set up two new food processing factories targeted at the export market, particularly the United States and Europe.
The facilities will focus on producing high-quality food products that meet global standards, thereby enhancing Nigeria’s non-oil export earnings.
Governor Abiodun emphasized that the new investment reflects the confidence of international markets in goods manufactured in Ogun State.
He assured stakeholders that his government will continue to support industries through infrastructure development, policy reforms, and strong partnerships with the private sector.
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