Ogun open to local, foreign investment, says OGFTZ coordinator Abbey Onas


Dr Abbey Onas, coordinator Ogun-Guangdong Free Trade Zone (OGFTZ), has assured investors that the Governor Dapo Abiodun led-administration would develop economic policies and programmes to create a conducive business environment for investors.

Onas gave the assurance in a statement on Thursday while stressing that state government was open for business and partnership.

He, therefore, called on investors to collaborate/partner with the state government to develop critical sectors of the economy.

OGFTZ is one of the free trade zones out of a group of eight free zones which have been designated to be formed in Africa and is the second free zone after the Lekki Free Trade Zone to be developed with the help of the Chinese government.

The OGFTZ is located in the city of Igbesa in the Ogun state of Nigeria.

Onas listed agriculture, tourism, infrastructure development, transportation, healthcare, waste management,hospitality industry among others as critical areas for investment in the state.

The OGFTZ coordinator stated that the Ogun-Guangdong Free Trade Zone in Nigeria served as a powerful reminder of the untapped potential in Africa’s rapidly evolving economic landscape.

According to him, the Dapo Abiodun-led administration is making progressive policies and programmes that support investment and business in the state.

“I was in Poland for an investment/economic forum early September to woo global investors to Ogun State, Southwest Nigeria.

“That meeting was the 32nd in the series of the Economic Forum that has become a tradition. It was a gathering of leading investors and economic giants that came with lots of opportunities.

“The body language of the new administration of President Bola Ahmed Tinubu so far speaks to its readiness to tap economic opportunities from across the world and open up Nigeria for business and investment.

“The President has assumed the role of the Chief Marketing Officer of Nigeria and Africa, telling the global audience at every avenue that we’re ready for mutually beneficial partnerships.

“Most recently at the United Nations General Assembly, President Tinubu argued that Africa is not a problem to be avoided, calling the rest of the world to work with the continent as the key to the world’s future.

“This body language of the federal government, in addition to the investment drive of Ogun State Governor Dapo Abiodun, is what I have seen and is motivating me to push for economic opportunities from across the world to the Ogun-Guangdong Free Trade Zone, ” he said.

Reeling out some of the achievements made in critical sectors Onas said on Road Infrastructure, Transportation, Energy, Security and others, governor Abiodun had made huge investment
that attracted and sustained investment in the state.

He commended the governor for doing creditably well in his first tenure while assuring the people that more would come in his second tenure.

Onas said in order to make the State a major investment destination in Nigeria and by extension Africa, the governor also established the Ogun State Investment Promotion and Facilitation Agency.

“This government organ has the mandate to attract investors into the state; coordinate private sector investment activities, and streamline processes and procedures to ease investors’ experience in setting up their businesses in the state.

“That was a brilliant initiative whose positive impact has begun to manifest, as Ogun is now a state of interest for many investors,” he said.

The Coordinator said that the Ogun State governor had also supported with the construction, reconstruction and rehabilitation of roads and road networks in the state.

He added that over 400km roads had been constructed/rehabilitated by the Dapo Abiodun-led administration of Ogun State.

According to him, this, no doubt, has changed the face of the state and eased transportation within Ogun.

“Good road networks are a major catalyst for investment. It’s exciting that Governor Abiodun has his eyes fixated on renewing road networks in Ogun State.”

On Security, he stated that security attracts investment while noting that Ogun people are generally peaceful and welcoming.

He said: “They are always ready to extend the hands of fellowship to visitors.

“The governor has also strengthened
the security architecture of the state by keying into the Amotekun initiative of Southwestern regional governments in Nigeria.

“This is in addition to restructuring the Security Trust Fund of the state which has made it possible to mobilise resources for security personnel.

“The adoption of ultramodern security techniques such as drones and other sophisticated technology in surveillance and monitoring the state has prevented criminal gangs from gaining a foothold.

The security of the state can always get better, “.

According to the statement, I have seen the investment drive of Governor Dapo Abiodun over the years, and it is really propelling me to make moves on my own to attract investment to the state.

We have a Governor that has a growth and progressive mindset.

So, at the economic forum, I made a case for Africa, Nigeria and Ogun State. This was even long before the President’s address at UNGA 78. My message was similar to that of the President.

I told the session which has a global audience that Africa should not be seen as a challenging investment terrain.

On the contrary, we have the presence of highly educated Nigerians and Africans eager to collaborate with global partners in achieving great feats.

Some investors might want to wait to see how things pan out. However, this may be costly for them.

It was my view at the economic forum that with the pace at which the present administration of President Tinubu is working on securing foreign investments, such category of investors might miss out on the available opportunities.

The perfect time to invest in Nigeria is therefore Now.

On the 23rd of September, in an astonishing moment that ushered in new possibilities and collaborations, a select number of accomplished Polish investors and seasoned CEOs from reputable companies in Poland and Europe from diverse industries arrived at the Abuja International Airport.

Their visit is a followup on the fruitful discussions had at the Economic summit and aimed at exploring investment opportunities and establishing fruitful partnerships within Nigeria.


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