IMG 20241206 WA0170

Abiodun Seeks Foreign Investment in Livestock, Timber Processing Others

Segun Ayinde, Abeokuta

Governor Dapo Abiodun of Ogun State has called for foreign investment in key sectors of the state, highlighting numerous opportunities for economic collaboration and growth.

Speaking on Friday during a meeting with the President of the African Development Bank (AfDB) Group, Dr. Akinwumi Adesina, at the ongoing Africa Investment Forum (AIF) Market Days in Rabat, Morocco, Abiodun outlined priority areas requiring investment.

The governor emphasized opportunities in livestock value addition, timber processing, renewable energy, and power sector development. He also disclosed plans to establish an automotive assembly plant and extend Lagosโ€™ red and blue rail lines to Ogun State, including the Agbado-Kajola and Okokomaiko-Agbara/Lusada stretches, as well as the proposed Purple Line.

Abiodun commended the AfDB President for his dedication to fostering connections between sub-national entities and potential investors across the African continent.

โ€œOur meeting earlier today in Morocco with the President of the African Development Bank (AfDB) Group, Dr. Akinwumi A. Adesina, focused on key projects we plan to embark on in Ogun State,โ€ Abiodun said.

He also expressed gratitude for AfDBโ€™s role in enabling access to financing for major developmental initiatives, stating, โ€œThis engagement reinforces our commitment to leveraging strategic partnerships and innovative financing solutions to drive sustainable development and economic growth in Ogun State.โ€

Abiodunโ€™s push for investment highlights Ogun Stateโ€™s strategic position as a hub for industrial growth and infrastructure expansion in Nigeria.