Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,148,909 members, 7,802,958 topics. Date: Saturday, 20 April 2024 at 05:20 AM

Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy (8652 Views)

Peter Obi Lied On Foreign Direct Investment-fdi / UK To Partner FG On Ogoni Clean-up - Uk Envoy / Ogun Attracts 75% FDI Into Nigeria – UK Envoy (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by silodel: 12:36pm On Dec 29, 2017
Lanretoye:
all those ogogoro investments...action bitters,Chelsea,shinapps etc producers na hin be 70% of investors?
ordinary airport self no dey,e be like the investors dey drop from heaven.
See this one...that company you called ogogoro company engage both direct and indirect staffs of over 2000 people. they are one of the biggest indigenous distillers in the country.

Not a glorified ogogoro maker...

1 Like

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by deomelllo: 1:37pm On Dec 29, 2017
EzeNri:

BeautifulSE do you believe what your brother just said above?





Data by the Manufacturers Association of Nigeria (MAN), analysed by BusinessDay, show Ogun State has over 70 percent share of manufacturing investments in the country between 2014 and 2016.


In 2014, manufacturers invested N691.77 billion, out of which N514.87 billion went to Ogun State, representing 74.42 percent of the total


Out of the N180.12 billion invested in the manufacturing and agro-allied industries in Nigeria in the first six months of 2015, N128.3 billion went to Ogun, representing 71.23 percent. Ikeja and Apapa industrial zones got N15.74 billion and N6.98 billion, representing 8.7 percent and 3.9 percent share of the total respectively.

Similarly, manufacturing investments worth N309.33 billion were made in H2 of 2015, out of which N302.26 billion went to Ogun, representing 97.7 percent of the total. Apapa and Ikeja shared the remaining less than three percent with other industrial zones across the country.

In the first half of 2016, total investments estimated at N54.55 billion were made by manufacturers in the country, out of which N37.51 billion moved to Ogun within the period. This means that 69 percent of all investments within H1 of 2016 were channelled to Ogun State.

In the second half of 2016, MAN survey shows that N313.62 billion worth of investments were directed to Ogun out of the total N448.94 billion. This represents 70 percent of the total. Like in the first half, Apapa and Ikeja industrial zones stampeded for the remaining 30 percent investments with other zones. MAN is the largest


In the three-year review, more investments moved to Agbara, Igbesa, Abeokuta, Sango-Otta, Ibafo, Mowe, Ijebu-Ode and Sagamu industrial clusters, all in Ogun State.

In 2014 alone, new investors such as Shongai Technologies Limited, Ijako in Sango-Otta, Apples and Pears Limited, Ceplas Farms Limited, Greenlife Bliss Healthcare Limited, and Sumo Steel Limited, berthed Ogun.

In the last three to four years, manufacturers have either moved from Lagos to Ogun or relocated their factories to the state, leaving only administrative offices in Lagos. Some of the companies that have done that include Fidson Healthcare, May & Baker, Pure Chemicals, Eagle Packaging, Nycil Limited, and Dufil, among others.


“Seventy manufacturing companies were established during first four-year tenure of Governor Ibikunle Amosun of Ogun State and both existing and new companies were given some level of incentives and benefits that prompted rapid development in manufacturing sector,” said Bimbo Ashiru, commissioner for commerce and industry, said in 2014.


https://www.businessdayonline.com/industrial-data-show-lagos-losing-real-sector-investments-ogun-2/


Data by the Manufacturers Association of Nigeria (MAN), analysed by BusinessDay, show Ogun State has over 70 percent share of manufacturing investments in the country between 2014 and 2016.


In 2014, manufacturers invested N691.77 billion, out of which N514.87 billion went to Ogun State, representing 74.42 percent of the total

Nna, MAN's survey corroborated the STATS/FACTS straight to the point, nearly all the investments entering Nigeria ends up in Ogun while Lagos and the rest of the country scramble for the rest.

Who sabi facts in this area if not Manufacturers Association of Nigeria (MAN)?



Btw, den no even mention any of your SE villages...Oya, ccry some more..


grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin

2 Likes

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 7:05pm On Dec 29, 2017
These portfolios are becoming reality, are they all in ogun?

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 7:07pm On Dec 29, 2017
Zungeru hydroelectric dam 700mw by 2018/19,
Niger, up to speed

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 7:09pm On Dec 29, 2017
Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 7:12pm On Dec 29, 2017
Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 7:18pm On Dec 29, 2017
Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 7:25pm On Dec 29, 2017
Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 7:46pm On Dec 29, 2017
Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 8:17pm On Dec 29, 2017
GE manufacturing hub calabar free trade zone

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 8:19pm On Dec 29, 2017
Skyrun deep freezer manufacturing facility calabar,
One of the largest in Africa

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by AshiwajuFoward: 8:21pm On Dec 29, 2017
arinzeejikonye:
Okowa had performed groundbreaking for another sapele ipp by proton
https://www.thisdaylive.com/index.php/2017/09/29/okowa-performs-250m-proton-energy-power-plant-groundbreaking-in-sapele/

Mr. man, ipp projects are happening all across the country, no one is arguing that; I earlier cited a 550MW going on in Ondo and another 2000MW in Oyo. However, when it comes to the general industry and the manufacturing sector, Ogun outperforms all other states including Lagos. Just earlier this month, the state governor commissioned (not groundbreaking o) 3 factories at once (Unilever, Honda, and Reckitt Benckiser).

http://encomium.ng/amosun-commissions-3-mega-factories-in-ogun/

10 Likes 1 Share

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 8:36pm On Dec 29, 2017
AshiwajuFoward:


Mr. man, ipp projects are happening all across the country, no one is arguing that; I earlier cited a 550MW going on in Ondo and another 2000MW in Oyo. However, when it comes to the general industry and the manufacturing sector, Ogun outperforms all other states including Lagos. Just earlier this month, the state governor commissioned (not groundbreaking o) 3 factories at once (Unilever, Honda, and Recover Benkiser).

http://encomium.ng/amosun-commissions-3-mega-factories-in-ogun/

Are they worth more than Bua cement okpella $ 600 million recently commissioned in edo state

Now you admit that ipp is ongoing everywhere, you should have agreed it was all in ogun, right?

Ogun out performance does it equate to 75% of fdi infow out of the 36 States of the federation?

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by AshiwajuFoward: 8:47pm On Dec 29, 2017
arinzeejikonye:


Are they worth more than Bua cement okpella $ 600 million recently commissioned in edo state

Mr. Man, earlier this same month of December, Petrolex commissioned its $330-million dollar facility section of its mega oil city in the state (it will be spending a total of $5-billion dollars in that axis/on that project). That is in addition to the 3 commissioned factories. In other words, in just one month, the state commissioned probably nothing less than $500million worth of companies. That does not include the other factories and manufacturing concerns that have already been commissioned earlier throughout this same year. Just drop it, guy.

5 Likes

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 8:50pm On Dec 29, 2017
AshiwajuFoward:


Mr. Man, earlier this same month of December, Petrolex commissioned its $330-million dollar facility section of its mega oil city in the state (it will be spending a total of $5-billion dollars in that axis/on that project). That is in addition to the 3 commissioned factories. In other words, in just one month, the state commissioned probably nothing less than $500million worth of companies. That does not include the other factories and manufacturing concerns that have already been commissioned earlier throughout this same year. Just drop it, guy.

Point of correction,
The resink besink facility, is not into manufacturing,
But just for redistribution of already manufactured goods

Is the petrolex currently, bigger than the indorama's 1.5billion us dollars facility commissioned recently by osibanjo?
Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by AshiwajuFoward: 9:07pm On Dec 29, 2017
arinzeejikonye:


Point of correction,
The resink besink facility, is not into manufacturing,
But just for redistribution of already manufactured goods

What is 'resink besink'? cheesy Or you meant Benckiser? Dude, that recently commissioned Benckiser redistribution center you are trying to belittle is the LARGEST in the entire continent of Africa and cost millions of dollars to setup. Look, I don't know where this bad-belle of yours is coming from, but whatever your motive, it's dead-on-arrival. You and your ilk feel that you know better than the Manufacturers Association of Nigeria. Na una sabi.

3 Likes

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 9:13pm On Dec 29, 2017
AshiwajuFoward:


What is 'resink besink'? cheesy Or you meant Benckiser? Dude, that recently commissioned Benckiser redistribution center you are trying to belittle is the LARGEST in the entire continent of Africa and cost millions of dollars to setup. Look, I don't know where this bad-belle of yours is coming from, but whatever your motive, it's dead-on-arrival. You and your ilk feel that you know better than the Manufacturers Association of Nigeria. All your Na una sabi.


This isn't about bad belle, Ogbeni the question is on the tag of 75 inflow of fdi into ogun out of 36 States including Lagos,

Typos are normal, Stop deviation,

Should we also factor in distribution centers points and warehouses all over the 36 States?

Man probably will have to give a better break down, since, you have shifted from the envoy
Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 9:16pm On Dec 29, 2017
Unilever, Honda, and Recover Benkiser).
[/b]
We are all humans, Non is infallible,
The above is a vivid indication that you equally made a typo,

So that's irrefutably irrelevant to the meat of the matter
Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by AshiwajuFoward: 9:24pm On Dec 29, 2017
arinzeejikonye:



This isn't about bad belle, Ogbeni the question is on the tag of 75 inflow of fdi into ogun out of 36 States including Lagos,

Typos are normal, Stop deviation,

Should we also factor in distribution centers points and warehouses all over the 36 States?

Man probably will have to give a better break down, since, you have shifted from the envoy

Guy, I hate to break your heart but in the wider scheme of things, your opinion doesn't count for diddly squat. undecided Perhaps you can communicate your reservations about both MAN and the envoy's assertions (since they both buttress each other) to the proper channels, that way they can perhaps publish retractions, coz this Nairaland crusader posture you've assumed over this matter is as watery as prison beans. undecided You have so far failed to disprove MAN's breakdown or refute the British envoy with any convincing counter evidence. I wish you goodluck in your crusade though.

10 Likes 1 Share

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by deomelllo: 9:25pm On Dec 29, 2017
arinzeejikonye:


Point of correction,
The resink besink facility, is not into manufacturing,
But just for redistribution of already manufactured goods

Is the petrolex currently, bigger than the indorama's 1.5billion us dollars facility commissioned recently by osibanjo?




Reckitt Benckiser Restates Commitment to Economic Growth



“We see Nigeria as the epicentre of Africa’s growth and especially Ogun State as the gateway to Nigeria and Africa. Hence, we have invested N900 million in building a world class distribution centre

The General Manger, RB West Africa, Mr. Rahul Murgai, stated this during the inauguration of the company’s Warehouse in Agbara, Ogun State recently. He stressed that the vision of the organisation was to provide their customers with innovative products and solutions for healthier lives and happier homes.

According to him, having been in Nigeria for over 50 years, the company was happy to invest in a scaled manufacturing facility in the state.

https://www.thisdaylive.com/index.php/2017/12/07/reckitt-benckiser-restates-commitment-to-economic-growth/


1. The topic is about investment, not manufacturing.

2. This company invested N1 billion on their logistic hub in Ogun state

3. They are also a manufacturing company since the manufacture some of the products they sell and they have a manufacturing plant in Ogun state also.

4. It doesn't even matter what they do, N900 million on any kind of operation = Investment= Creates Jobs= IGR=Growht=Development=Prosperity.

5. Posting random investments in other parts of the country doesn't change anything because random investments in other parts of the country are different from Ogun state because Ogun draws in huge investments consistently instead of random one here, one over there.

6.Posting random power stations here and there is kind of childish and grossly illogical unless you are ready to also prove to us that the other stats you are listing and their random investments also generate the second largest IGR in Nigeria like Ogun state which I'm very sure you can not do.

7. Lastly, are you right and MAN was wrong even with MAN's survey with numbers report that corroborated the UK envoy's assertions.


You are not making any sense, you just love to hear yourself talk.

2 Likes

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 9:40pm On Dec 29, 2017
deomelllo:






1. The topic is about investment, not manufacturing.

2. This company invested N1 billion on their logistic hub in Ogun state

3. They are also a manufacturing company since the manufacture some of the products they sell and they have a manufacturing plant in Ogun state also.

4. It doesn't even matter what they do, N900 million on any kind of operation = Investment= Creates Jobs= IGR=Growht=Development=Prosperity.

5. Posting random investments in other parts of the country doesn't change anything because random investments in other parts of the country are different from Ogun state because Ogun draws in huge investments consistently instead of random one here, one over there.

6.Posting random power stations here and there is kind of childish and grossly illogical unless you are ready to also prove to us that the other stats you are listing and their random investments also generate the second largest IGR in Nigeria like Ogun state which I'm very sure you can not do.

7. Lastly, are you right and MAN was wrong even with MAN's survey with numbers report that corroborated the UK envoy's assertions.


You are not making any sense, you just love to hear yourself talk.





LOL,


Stop panting hesitantly,

Man should open up their statistics structure for verification,
Nigerian stats leaves more to be desired,

Going by this investment you are touting,

How about oil and gas, and other sectors,

Investment is investment, no matter the sugar coating,

So if that new distribution facility of 1 billion naira, is the case,

Does it amount to nothing, that there aren't other distribution facilities been set up across the length and breadth of the 36states of Nigeria?

Anyway recently too Kelloggs is setting up in lekki ftz,
So how come ogun alone accounts for not 20,not 30,not 40but 75%of fdi inflow in the whole federation of 36 States including Lagos.
Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by deomelllo: 9:41pm On Dec 29, 2017
arinzeejikonye:



This isn't about bad belle, Ogbeni the question is on the tag of 75 inflow of fdi into ogun out of 36 States including Lagos,

Typos are normal, Stop deviation,

Should we also factor in distribution centers points and warehouses all over the 36 States?

Man probably will have to give a better break down, since, you have shifted from the envoy


Data by the Manufacturers Association of Nigeria (MAN), analysed by BusinessDay, show Ogun State has over 70 percent share of manufacturing investments in the country between 2014 and 2016.


In 2014, manufacturers invested N691.77 billion, out of which N514.87 billion went to Ogun State, representing 74.42 percent of the total


So, MAN lied and their own survey was bogus and flawed?

Do you know more than man MAN and their manufacturing members and their investment activities?

You are not making any sense.

1 Like

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by deomelllo: 9:48pm On Dec 29, 2017
[s]
arinzeejikonye:




LOL,


Stop panting hesitantly,

Man should open up their statistics structure for verification,
Nigerian stats leaves more to be desired,

Going by this investment you are touting,

How about oil and gas, and other sectors,

Investment is investment, no matter the sugar coating,

So if that new distribution facility of 1 billion naira, is the case,

Does it amount to nothing, that there aren't other distribution facilities been set up across the length and breadth of the 36states of Nigeria?

Anyway recently too Kelloggs is setting up in lekki ftz,
So how come ogun alone accounts for not 20,not 30,not 40but 75%of fdi inflow in the whole federation of 36 States including Lagos.
[/s]



Stop arguing like a baby, MAN is Nigeria's manufacturer's trade group and the survey of their manufacturing members says Ogun cornered 75% of the investments entering Nigeria, you have zero facts or survey, you don't know anything beyond cut and paste random power plants here and there.

You are just too ignorant and unintelligent for your own good.

2 Likes

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Jaideyone(m): 9:55pm On Dec 29, 2017
arinzeejikonye:
These portfolios are becoming reality, are they all in ogun?
are those FDIs? are those power plants foreign direct investments? get some education

1 Like

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 9:57pm On Dec 29, 2017
AshiwajuFoward:


Guy, I hate to break your heart but in the wider scheme of things, your opinion doesn't count for diddly squat. undecided Perhaps you can communicate your reservations about both MAN and the envoy's assertions (since they both buttress each other) to the proper channels, that way they can perhaps publish retractions, coz this Nairaland crusader posture you've assumed over this matter is as watery as prison beans. undecided You have so far failed to disprove MAN's breakdown or refute the British envoy with any convincing counter evidence. I wish you goodluck in your crusade though.

We might agree to disagree,
However, I am only painstakingly positing of stance on some of the stats we got over here.

As at today, we don't even have a clear picture of unemployed, illegal migrants, even the total of our population is a subject of controversy.

My contradictory position, is that this stat should be near to reality, To say the least,

In all honesty, can we all cross our chest and agree that Ogun state alone account for 75%of fdi in the 36 States of the federation, including Lagos?
Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by deomelllo: 10:04pm On Dec 29, 2017
Jaideyone:
are those FDIs? are those power plants foreign direct investments? get some education


FG/State funded power projects = Foreign Direct Investment (FDI) in his ignorant and shallow mind.

1 Like

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 10:07pm On Dec 29, 2017
deomelllo:
[s][/s]


[s]
Stop arguing like a baby, MAN is Nigeria's manufacturer's trade group and the survey of their manufacturing members says Ogun cornered 75% of the investments entering Nigeria, you have zero facts or survey, you don't know anything beyond cut and paste random power plants here and there.

You are just too ignorant and unintelligent for your own good[/s].

But on another thread, the same man never acknowledged the existence of 10s of industrial clusters in gezawa kano, in her supposedly churned out stat?

should that be a fact?
Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by deomelllo: 10:08pm On Dec 29, 2017
arinzeejikonye:


We might agree to disagree,
However, I am only painstakingly positing of stance on some of the stats we got over here.

As at today, we don't even have a clear picture of unemployed, illegal migrants, even the total of our population is a subject of controversy.


My contradictory position, is that this stat should be near to reality, To say the least,

In all honesty, can we all cross our chest and agree that Ogun state alone account for 75%of fdi in the 36 States of the federation, including Lagos?



What is the meaning of the meaningless highlighted rubbish?

This joker is high or hallucinating.

grin grin

2 Likes

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by deomelllo: 10:10pm On Dec 29, 2017
[s]
arinzeejikonye:


But on another thread, the same man never acknowledged the existence of 10s of industrial clusters in gezawa kano, in her supposedly churned out stat?

should that be a fact?
[/s]





When it comes to manufacturing and investments in Nigeria, MAN is the authority, not you and your ignorant claims.

2 Likes

Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 10:11pm On Dec 29, 2017
deomelllo:


[s]
FG/State funded power projects = Foreign Direct Investment (FDI) in his ignorant and shallow mind[/s].

What about the ipps
Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by deomelllo: 10:12pm On Dec 29, 2017
[s]
arinzeejikonye:


What about the ipps
[/s]



When it comes to manufacturing and investments in Nigeria, MAN is the authority, not you and your ignorant claims.
Re: Ogun Attracts 75 Percent Foreign Direct Investment Into Nigeria – UK Envoy by Nobody: 10:13pm On Dec 29, 2017
deomelllo:
[s][/s]




[s]
When it comes to manufacturing and investments in Nigeria, MAN is the authority, not you and your ignorant claims.[/s]

That is what we are all meant to believe, even if they go wrong?

(1) (2) (3) (4) (5) (6) (7) (Reply)

State Police: Should States In Nigeria Be Allowed To Have Police Departments? / Peter Obi Sends Heartfelt Wishes To Super Eagles Ahead Of Today's Match / South African Police Raid On Home Of Henry Okah's Wife Turns Deadly

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 64
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.