The government of Ogun State has signed a $400 million Memorandum of Understanding (MoU) with a foreign firm, Arise Integrated Industrial Platform, to develop the Olokola Free Trade Zone and Remo Agro Processing Zone.

Dapo Abiodun, the state governor, signed the MoU with Gagan Gupta, the founder and CEO of Arise Integrated Industrial Platform, on Friday at the Exco Chamber of the Governor’s Office in Abeokuta. Gupta stated shortly after the signing ceremony that his organization would concentrate on the Olokola Free Trade Zone and the Remo Agro-Processing Zone.

He explained that the $400 million would be used to complete phase one of the projects, and that the investment would increase by July 2023. According to him, his organization would focus on developing infrastructure in the agro-processing sector at the Olokola Free Trade Zone, the Remo Cluster Area, and the Agro Cargo airport.



Gupta also stated that the group’s intention was to begin work on the industrial zone by the first of July this year, and that the group would also focus more on the upstream sector.

The founder of the Arise Integrated Industrial Platform added that his company would bring equity to the floor by leaving 35% open for national players and the state, saying, “we would be glad to have Ogun State as a partner.” Our ethical moral is that we will have 65% equity and leave 35% open for national players, including Ogun State.

We want the state to be our partner, and the state will take some equity, as will the national players.” Gupta praised the level of information made available to his team by the state government when assessing the zones to be invested in. In his remarks, Abiodun commended the company for selecting Ogun and noted that the project would not only create job opportunities, but would also serve as a training hub, as the company would establish a technical training center to train artisans for the project’s sustainability.

“We are pleased to have found an afrocentric partner who understands the sub-region and all of the issues that affect the people and is willing to spend more than $400 million,” he said. “We are delighted that you have arrived in Ogun State.”



I am pleased that you are establishing two Economic Zones, one in Olokola to deal with mobility and automobiles and the other, the Remo Cluster, to deal with agro-processing. We will be there for you and will leave no stone unturned. We will give you our undivided attention. More investors will come to our state as a result of the infrastructure you will bring.”

SOURCE:https://brandspurng.com/2022/04/19/ogun-signs-400-million-mou-on-olokola-ftz-and-agro-processing-zone/

Good one

Audio signing everywhere.....


I don notice na Governor wey dey go for re election dey sign things...

The different Heads of Department(AKA Skulkars) should be settled for this project to be a success.

Matters ARISING!!

Good development!

[img]https:///media/3-30-2022/-z2-h2.gif[/img]

Visit the website on my signature if you bet on football matches

Keep signing MOU all over the place whilst the roads are in bad state. I thought no other governor will beat Gbenga Daniel in terms of woeful performance but this Dapo guy beats that record. Less than a year to the end of his tenure, he has nothing to show for the salary and peck of office he has enjoyed.

postbox:


SOURCE:https://brandspurng.com/2022/04/19/ogun-signs-400-million-mou-on-olokola-ftz-and-agro-processing-zone/

but I think olokola free trade zone is owned by both ondo and ogun states.

Stupid Governor. We have bad roads here and there.

Ogun Waterside, the least developed part of Ogun State is set to become an industrial hub.

One thing is to sign and another thing is to the project

Igbo Christians do not av any iota of tolerance. Very Conservative and crude set of people. They are full of hatred with acute bitterness in their heart. They won't like this kind of development.

inoki247:
Audio signing everywhere.....


I don notice na Governor wey dey go for re election dey sign things...

Exactly what some cretin said years ago when Tinubu signed the MoU for Lekki free trade zone. Today, it is an industrial powerhouse housing the largest single train refinery in the world.

So, keep calling what proactive governors in the SW are doing audio and don’t hold your governors to account. When it is done, you will start crying about how your state is marginalized.

seunmsg:


Exactly what some cretin said years ago when Tinubu signed the MoU for Lekki free trade zone. Today, it is an industrial powerhouse housing the largest single train refinery in the world.

So, keep calling what proactive governors in the SW are doing audio and don’t hold your governors to account. When it is done, you will start crying about how your state is marginalized.

That guy is Obinna, ignore him while SW keep developing.

seunmsg:


Exactly what some cretin said years ago when Tinubu signed the MoU for Lekki free trade zone. Today, it is an industrial powerhouse housing the largest single train refinery in the world.

So, keep calling what proactive governors in the SW are doing audio and don’t hold your governors to account. When it is done, you will start crying about how your state is marginalized.

Kadoso Mutairu!

seunmsg:


Exactly what some cretin said years ago when Tinubu signed the MoU for Lekki free trade zone. Today, it is an industrial powerhouse housing the largest single train refinery in the world.

So, keep calling what proactive governors in the SW are doing audio and don’t hold your governors to account. When it is done, you will start crying about how your state is marginalized.

Lol oga losun du I look lik Ipob for your eyes....


The way Abia Governor tak dey useless naso Abiodun take dey useless na Sango road dey dere na mouth him nd FG dey use fix am....

Govt of MOU

richiemcgold:
but I think olokola free trade zone is owned by both ondo and ogun states.

Olokola should be in ondo state. I don't understand again sha.

This one don dey gather election money for campaign.

Gbenga Daniel signed this Olokola ftz during his tenure! Oga o

Well done.

Lagos - $250 million data Centre
Ogun - $400 million Olokola FTZ and Agro Processing Zone

Yorubas are on Mt.Everest. They can't be touched!


Game over!

Funny.
All this electioneering gimmick.
The obviously have no plan for such project,just friends supporting each other to win the heart of masses.
Sanwolu did $250m yesterday.
Next week Eboyin fit do $800m.
But whatever gives their fans erection is a welcome development.

This is a very good development.

funny but probably not true
even if the campaign is true
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richiemcgold:
but I think olokola free trade zone is owned by both ondo and ogun states.

Olokola is between Ondo and Ogun. There’s an Ogun part and Ondo part of Olokola.