Abiodun to (*29*) Groundbreaking November 12 as Obasanjo, Trade Minister, Industry Leaders, Diplomats and Traditional Rulers Grace Event
A $1.8 billion industrial park being developed by Lee Group of Companies Ltd alongside the Lagos-Ibadan Expressway in Ogun State is predicted to accommodate greater than 29 manufacturing factories, generate over 2,500 direct and oblique jobs and additional strengthen the state’s place as a number one industrial vacation spot in Nigeria.
The 450-hectare First Industrial Park, positioned inside the Sagamu and Obafemi-Owode native authorities areas of the state, is designed to accommodate manufacturing companies throughout a number of sectors, together with cleaning soap and detergent manufacturing, PVC leather-based manufacturing, footwear manufacturing, mould manufacturing, meals processing, cosmetics, recycling and export-oriented industries.
Ogun State Governor, Prince Dapo Abiodun, is predicted to carry out the groundbreaking ceremony on Thursday, November 12, 2026, marking a big milestone in the event of the commercial challenge.
Former President Olusegun Obasanjo, the Minister of Trade and Investment, captains of business, conventional rulers, members of the diplomatic neighborhood and different distinguished stakeholders are additionally anticipated to attend the ceremony.
The challenge is predicted to draw substantial home and overseas funding, increase Nigeria’s manufacturing capability and create employment alternatives whereas strengthening Ogun State’s rising status as a most well-liked vacation spot for industrial improvement.
Among the companies related to the challenge is Aspira Products Stand, a subsidiary of Lee Group of Companies, which is recognized by the challenge info as the most important detergent firm by market share in West Africa. The firm plans to determine its West African regional workplace inside the Lee Group First Industrial Park.
The proposed regional workplace is predicted to strengthen the park’s business significance and place it as a possible hub for manufacturing, distribution and different enterprise actions serving markets throughout West Africa.
The improvement is projected to have a gross improvement worth of $3 billion, reflecting the dimensions of the proposed industrial ecosystem and its potential contribution to financial actions inside Ogun State and past.
Beyond the manufacturing factories, the commercial park will characteristic administrative places of work, residential services, energy and utility stations, banks, buying malls, showrooms, bonded warehouses, truck and trailer parking bays, communication services, convention centres and leisure services.
These supporting services are designed to create an built-in industrial atmosphere the place manufacturing, logistics, warehousing, monetary providers and business actions can function inside a coordinated location.
The park’s location alongside the Lagos-Ibadan Expressway, significantly its proximity to the Sagamu Interchange, is predicted to offer companies with entry to main markets, transportation networks and logistics providers. The strategic location can also be anticipated to facilitate the motion of uncooked supplies and completed merchandise whereas bettering entry to distribution channels throughout the nation.
The challenge is additional anticipated to stimulate financial actions in Sagamu, Obafemi-Owode and neighbouring communities by way of elevated demand for transportation, freight providers, automobile upkeep, lodging, eating places, gas stations and different supporting companies.
With greater than 29 manufacturing factories deliberate for the park, the builders challenge that the finished facility will generate over 2,500 direct and oblique jobs. Construction actions are additionally anticipated to offer extra employment alternatives, whereas the factories and related companies will create openings for expert and unskilled employees, younger folks and girls.
The focus of producing firms inside a single industrial improvement can also be anticipated to create alternatives for small and medium-sized enterprises to produce items and providers to companies working in the park.
In addition, the presence of established manufacturing companies and regional operations is predicted to facilitate expertise switch, technical abilities improvement and the strengthening of native manufacturing capability.
The deliberate institution of Aspira’s West African regional workplace is especially important to the park’s ambition of attracting companies whose operations lengthen past Nigeria. Its presence might help regional distribution networks and encourage stronger business linkages between Nigerian producers and markets throughout West Africa.
The industrial park is being developed in opposition to the backdrop of Ogun State’s increasing manufacturing base, supported by its proximity to Lagos, entry to main transportation corridors and established presence of producing firms throughout a number of industrial sectors.
Under the administration of Governor Abiodun, Ogun State has continued to pursue investments in infrastructure and different financial enablers aimed toward strengthening its attractiveness to buyers and increasing alternatives for companies.
The new industrial park is predicted to enrich these efforts by offering devoted infrastructure for manufacturing and associated business actions, whereas creating an atmosphere in which companies can profit from shared services and proximity to suppliers, distributors and repair suppliers.
By bringing a number of manufacturing operations and supporting providers collectively, the event is designed to enhance operational effectivity, encourage collaboration amongst companies and create alternatives for expanded manufacturing, distribution and export actions.
The builders have additionally indicated that the challenge’s sustainability framework will incorporate environmental, social and governance issues, with emphasis on useful resource effectivity, waste discount, recycling and engagement with host communities and different stakeholders.
These measures are meant to advertise accountable industrial improvement and encourage extra sustainable manufacturing practices inside the proposed industrial ecosystem.
The November 12 groundbreaking is predicted to formally mark a brand new part in the event of the park, with stakeholders trying in direction of its potential to draw additional funding, strengthen manufacturing actions and stimulate business development alongside the Lagos-Ibadan Expressway hall.
When accomplished, the Lee Group First Industrial Park is predicted to offer a platform for manufacturing enlargement, employment era and private-sector funding, whereas reinforcing Ogun State’s place inside Nigeria’s industrial financial system.
