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‘we Are Working To Make Ogun An Industrial Hub’ by Nobody: 10:40pm On Dec 14, 2012 |
EARLY this year, the Ogun state government under the leadership of Governor Ibikunle Amosun organized an Investors’ Forum, tagged Ogun Investors Forum. Its main objective was to attract genuine foreign and local investors. And the highly informative gathering did not fall short of expectations; it had in attendance a high turn out of eminent personalities, captains of industries, entrepreneurs, and some foreign business partners. During the forum, the State Governor, Senator Amosun had promised to encourage and drive both foreign and local investment to the State by offering an incentive of about 80 per cent discount for Agricultural purposes, as an improvement on 40 to 75 per cent discounts which the Federal government offers to investors across the states for manufacturing, housing estates and schools. And with his administration’s five-point agenda tailored around five cardinal programmes of affordable qualitative education, efficient health care delivery, increased agricultural production\industrialization, affordable housing and urban renewal, and rural and infrastructural development/employment generation, Amosun had expressed the belief that discerning investors would recognize that these are the essential ingredients for successful and sustainable investment. Amosun had noted that the core issue in the investment policy was Public Private Partnership (PPP) and identified it as an efficient mechanism for the delivery of infrastructure and essential services. “The idea combines the best of public and private sectors with emphasis on value for money and delivery of quality public services. It is clear that no government can provide all the needs of its citizenry and so, partnering with the private sector is inevitable,” he said. What followed that forum were a series of trips overseas by government officials to further woo prospective investors. That leap of faith is now pregnant with fruits of immense promise – a promise that would further consolidate Ogun State’s enviable position in the comity of States as an industrial hub. To be sure, scores of foreign investors and manufacturers who took the gauntlet, signifying their intention to invest eight months ago, are now set to commence operation. This much was confirmed recently, when the State Commissioner for Commerce and Industry, Bimbo Ashiru went on a facility visit and last minute factory assessment of the newly built companies at the Free Trade Zone in Igbesa area of Agbara. Speaking while on the tour, Ashiru stated that industrialization was one of the five cardinal focal areas of the present administration with special interest in empowerment and employment generation. He reaffirmed that what government was therefore trying to achieve with its efforts was to ensure that the people were empowered by having genuine investors in the state’s economy. One of the factories visited, which is ready for commissioning, would be involved in the manufacture of ceramic tiles. And with its capacity, when it finally begins production, it would be the largest ceramic tiles manufacturer in sub-Sahara Africa. Ashiru explained that the manufacturer is also to source 90 per cent of its raw materials locally. The Commissioner added that the ongoing development underscores the administration’s commitment to improving the State’s economic fortune through foreign direct investments (FDIs) and the effective utilization of mineral and natural resources with which she is endowed. “Government is determined to provide the enabling environment for investors at all levels to thrive with natural and location advantages. We had earlier conducted and confirmed that the communities where the investors are located will be environmental hazards free through our environmental impact assessment. “As a result, we are also upgrading infrastructure around and have rehabilitated over 100 existing roads. In anticipation of future needs, we embarked on an ambitious programme of opening new roads and widening of existing ones to stimulate economy growth and easy access for goods and services.” One of the investors, Mr. Jian Sun commended Ogun State government’s efforts in giving Goodwill Ceramics Industry Limited the opportunity to begin its first ever and largest ceramics factory in the State. Sun noted that more than $1miilion had been spent on the projects and that after the take-off of operations, the company would start the second phase of the project in earnest. “Based on the materials we source locally and with the growing competitive market, our products would be affordable and be sold at the lowest price possible.” Sun said that the company would, through its operations, provide jobs for the teeming youths in and around the State. With this giant stride, coupled with the productive economic development in the State, the government have set goals for other states to emulate in terms of mineral resources and industrialization as well as public private partnership, where government and the public work on common goals. Ashiru however disclosed that the investment window is not open to foreigners and multi-nationals alone but also to encourage Small and Medium Scale enterprises so as to further drive economic growth and create the much needed wealth for citizens. “The existence of free trade zones is to provide various levels of incentives to investors just as the N1billion partnership programme with the Bank of Industry (BOI) would provide support to businesses in the state. “Government is not only focusing on new companies. Existing ones and genuine business owners can also access loans under the BOI initiative.” The Commissioner also restated government’s belief in the Olokola Free Trade Zone project, a joint effort of both Ogun and Ondo States in conjunction with NNPC, Chevron, British gas and Shell Corporation, describing it as a giant stride towards industrialization and expansion of commerce. “Our manufacturing base is growing rapidly and we are proud to host some of the best known names globally. If Ogun State were an island, it would be a compelling stand–alone investment choice. In international context, the State is to Lagos what New Jersey is to New York.” In terms of natural resources, Ogun State has viable quantities of a range of minerals that includes Bitumen, Silica Sands, Laterite and Limetone. http://www.ngrguardiannews.com/index.php?option=com_content&view=article&id=107657:we-are-working-to-make-ogun-an-industrial-hub&catid=31:business&Itemid=562 |
Re: ‘we Are Working To Make Ogun An Industrial Hub’ by geez1: 11:08pm On Dec 14, 2012 |
This is modest considering th fact that Ogun is the third most industrialized state after Lagos and Oyo 1 Like |
Re: ‘we Are Working To Make Ogun An Industrial Hub’ by OgbuefiNegro: 11:25pm On Dec 14, 2012 |
double and misquote...corrected |
Re: ‘we Are Working To Make Ogun An Industrial Hub’ by OgbuefiNegro: 11:25pm On Dec 14, 2012 |
why is the governor still being addressed as "senator"? |
Re: ‘we Are Working To Make Ogun An Industrial Hub’ by PaulJohn1: 3:00am On Dec 15, 2012 |
geez*: As at 2010, states productivity was checked and Ogun took the 9th position with the GDP of $10,470. I have the feeling that in a year time, the state is going to dust Oyo to take the 4th position with the loads of investment in recent time. Check this out RankStatePPP GDP (2010; S/West baje ti!!! |
Re: ‘we Are Working To Make Ogun An Industrial Hub’ by OgbuefiNegro: 3:12am On Dec 15, 2012 |
I hope as we push development inward that we do not replicate some of theproblems in Lagos. There need to be designated metro or urban service areas (msa) with zoning districts for graded tax purposes. In addition, we also need to have designated rural areas that are protected by regulations against a defenceless sprawl and encroachment from msa. |
Re: ‘we Are Working To Make Ogun An Industrial Hub’ by PaulJohn1: 3:22am On Dec 15, 2012 |
Ogbuefi_Negro: I hope as we push development inward that we do not replicate some of theproblems in Lagos. Excellent post, it'll too bad if we fall into the same mess. I think Ogun state government is making effort to avoid this.
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Re: ‘we Are Working To Make Ogun An Industrial Hub’ by PaulJohn1: 3:27am On Dec 15, 2012 |
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Re: ‘we Are Working To Make Ogun An Industrial Hub’ by GreatManBee: 5:30pm On Jan 05, 2021 |
PaulJohn1: I am so sorry to resurrect this topic. I have a question please because I have a house at Olowotedo (NASFAT) axis. Does this mean all these properties will be taken over or demolished when the government is ready to use the lands? These lands goes from I think berger to Sagamu interchange. Some to enlighten me please? Now I am really scared. |
Re: ‘we Are Working To Make Ogun An Industrial Hub’ by GreatManBee: 5:37pm On Jan 05, 2021 |
Mynd44 , OAM4J mods please move this to the correct section. |
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