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OGUN STATE

OGUN STATE . OGUN STATE OPEN FOR BUSINESS. A Presentation by Prince Segun Adesegun, Deputy Governor, Ogun State Nigeria. OGUN STATE - Facts & Figures. Created in February, 1976 Estimated population of some 5 million people Agriculture is the mainstay of the people

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OGUN STATE

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  1. OGUN STATE

  2. OGUN STATE OPEN FOR BUSINESS A Presentation by Prince Segun Adesegun, Deputy Governor, Ogun State Nigeria.

  3. OGUN STATE - Facts & Figures • Created in February, 1976 • Estimated population of some 5 million people • Agriculture is the mainstay of the people • State is proximal to Lagos and gateway to South-East, North of Nigeria and Republic of Benin • Encompasses Rivers, Lagoons, Ocean front • Possesses immense developmental potential

  4. Facts & Figures • Ogun state is an entry point for merchandise imports from Republic of Benin, and so accounts for a significant portion of Customs revenue in the Country • It has the highest number of universities in the country • 1 Federal University • 2 State universities • 5 private Universities

  5. Drivers for Economic Growth • Creation of the Trade & Investment Department • Establishment of a One-Stop Shop for prospective investors • Launching of the State Security Trust Fund • Rebates on Land Purchase – up to 80%

  6. Impacts of New Measures • One-Stop Shop has reduced bureaucratic bottlenecks for investors • Necessary permits/licences are quickly approved with right documentation • Enforcement of property rights/Rule of law • Safer and enabling environment

  7. Incentives • Incentive strategies in place to attract genuine investors include: • Provision of institutional support and relevant infrastructure • Re-energizing existing agricultural hubs and creation new ones in the state • Re-engineering effort towards improved steady electricity supply • Open door policy of the government • Provision of suitable land in designated urban and rural areas

  8. Incentives • 8 Industrial Estates serviced with good roads, Communication network, Electricity and other basic infrastructure 1. Abeokuta – Lagos/Abeokuta Road 2. Ota – Idi –Iroko Road, 3. Agbara –OPIC Estate , 4. Ijebu –Ode – Ikangba Estate, 5. Ogijo – Ikorodu Road, 6. Ilaro – Ibeshe Road, 7.Sagamu – off Sagamu/Benin Road, 8. Ijebu Igbo – Oru/Ijebu – Igbo Road

  9. Promotion of Capacity Building/Linkages between Micro Small & Medium Enterprises (MSMES) • Industrial Park/Technology Incubation Centre • 3 Industrial Parks : 1 for each Senatorial District • 3 Technology Incubation Centres: Abeokuta, Odogbolu & OwodeYewa Incentives

  10. Incentives • Partnership with Bank of Industry • To provide single digit interest rate loans to SMEs • Total fund available under scheme is N1 billion • About 200 beneficiaries already recorded • The state Mineral Resources and Environmental Compliance Committee (MIREMCO)was activated as a bridge between the State and the Central government, to actualize our potentials in the mining sector

  11. Value Proposition • Access to combined potential of 30m people • Products for cultivation and industrial processing • Oil palm, Cocoa • Cashew, Citrus • Rice, Cassava • Rubber, Tomatoes,

  12. Solid Minerals

  13. Dangote Cement Plant • Factory is the largest in sub-Saharan Africa • Cost: US $1 billion • Projected to create over 7,000 people • Other cement plants: • Purechem Industries: 150,000 MT per annum • And others Success Stories

  14. Success Stories • 6 Industries commissioned within the past year. Of the 6, 4 were commissioned by President Goodluck Jonathan, including: • Dangote Cement Plant, Ibeshe – 6.6M MT per annum • Lafarge WAPCO Plc, Ewekoro Plant II - 2.5M MT per annum, • Costs 350M Euros. It pushes Lafarge WAPCO total cement capacity to 4.5MT per annum • May & Baker Nigeria PLC, Ota • Procter & Gamble Agbara Plant

  15. Success Stories • 45 prospective factories: • Food Processing Factory • Bottled Water Factory • Development of a Modern City • Ceramic Wares Factory • Cement Factories

  16. Other Manufacturing Industries • Food & Beverages • •Multi-Trex • •Integrated Foods • •Nestle Nigeria • •Unilever Nigeria Plc • •Glaxo Smith Kline Plc • Chemical& Pharmaceuticals • •Fidson Healthcare Plc • •Nigeria German Chemical Plc • •Evans Medical Plc • •Reckitt Benckiser Nigeria Ltd • General Manufacturing • •Kolorkote Nigeria Ltd • •Aluminium Rolling Mills • •Midland Galvanised Product Ltd • •African Foundries • •MINL Industries • •FederatedSteel Mills Ltd • •Eagle Packaging Limited • •VeeVee Industries

  17. Major Multinationals in Ogun State

  18. Thank you!

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