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Foreign Investment: Ogun signs $400m MoU on Olokola FTZ, Agro processing zone
Foreign Investment: Ogun signs $400m MoU on Olokola FTZ, Agro processing zone
…as 25,000 jobs, technical training centre coming
Ogun State government has signed a $400m Memorandum of Understanding (MoU) with a foreign firm, Arise Integrated Industrial Platform, on the development of Olokola Free Trade Zone and Remo Agro Processing Zone.
The state governor, Dapo Abiodun, signed this MoU with the Founder and Chief Executive Officer of Arise Integrated Industrial Platform, Gagan Gupta, on Friday, at the Exco Chamber of the Governor’s Office, Abeokuta.
Speaking shortly after the signing ceremony, Mr. Gupta, disclosed that his organisation would focus on the Olokola Free Trade Zone and the Remo Agro-Processing zone.
He explained that the $400m would be for the completion of phase one of the projects, saying by July 2023, the investment would be higher.
According to him, his organization would focus on developing the infrastructure at the Olokola Free Trade Zone as well as the Remo Cluster Area and the Agro Cargo airport in the area of agro-processing.
Gupta who also noted that the intention of the group was to ensure that work starts on the industrial zone by the first of July this year, added that the group would also focus more on the upstream sector.
The Arise Integrated Industrial Platform founder 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 the national players, including Ogun State. We want the state to be our partner and the state will take some equity and the national players will take some equity,” he stressed.
Gupta commended the level of information made available by the state government to his team when it came on an assessment of the zones to be invested in.
“After visiting Ogun State for two weeks, we were very pleased by the amount of information that was shared. I must confess I had no expectation that the information woul be so readily available, it looked like we were dealing with the private sector and not government”, he submitted.
Responding, Governor Abiodun commended the company for choosing Ogun and noted that the project would not only create employment opportunities, but would be a training hub as the company would set up a technical training centre to train artisans for the sustenance of the project.
He said: “We are happy to find a partner that is afrocentric; that understands the sub-region and all the issues that pertain to the people and is ready to spend over $400m. We are indeed very excited that you are in Ogun State.
“I am glad you are setting up two Economic Zones, one in Olokola which will deal with mobility and automobiles and the other one, the Remo Cluster which will take care of agro- processing. We will support you and we will leave no stone unturned. Our support to you will be total. The infrastructure you will bring will lead to more investors coming to our state”.
Abiodun said his administration at the inception had identified the comparative advantage of the state and set out to bring in more investors whose investments would not only enhance the socio-economic well-being of the people, but also retain the state’s position as the industrial capital of the country.
He reiterated that “Ogun remains the safest state in the country due to the security architecture put in place, while over 400km of road had been constructed and various reforms and policies put in place to help improve the Ease of Doing Business ranking of the state”.
The governor, however, said that the signing of the MoU was the fall-out of the road shows he took part in different parts of the world, noting that “it will create over 25,000 jobs, a technical training centre and a platform that will benefit the state and the country in the form of Corporate Social Responsibility. My administration will do everything to sustain this relationship”.
UNITED KINGDOM OF ATLANTIS ANNOUNCES HISTORIC SUCCESS:
Premiere of ATC Digital Currency Exchange System Test, Highlighting “Gold Standard” for Humanitarian Purposes*
The Attica Empire, under the distinguished leadership of Empress Nobilisa Prof Sriwan kingjun, Empress of Attica Empire, successfully conducted a groundbreaking premiere test of its ATC (Attica Coin) digital currency exchange system. The event brought together high-ranking leaders and representatives from various nations to witness a spectacular celebration of financial innovation.
### Key Highlights of the ATC Digital Currency Exchange System Test
– The test demonstrated the efficiency and robustness of the ATC digital financial infrastructure, marking a significant milestone for Atlantis United Kingdom.
– Participants who completed the Know Your Customer (KYC) process in accordance with international standards were able to fully exchange ATC coins, thereby strengthening global confidence among currency holders.
– The ATC digital currency is positioned as the world’s first digital asset anchored to the *“Gold Standard”*, with its value guaranteed and validated through gold under certification by the International Court of Justice.
– The primary mission of the ATC currency is to fund humanitarian projects and drive macro-level social development, aligning with the empire’s vision of sustainable global impact.
### Event Atmosphere & Leadership Vision
The premiere was attended by thousands of guests who celebrated in an atmosphere of friendship, featuring:
– A concert performed by leading musical bands.
– A lavish reception of food and drink showcasing the empire’s prosperity and readiness.
– *Emperor Solomon Winning*, ruler of the United Kingdom of Atlantis and a thought leader in future-oriented projects, was celebrated as the transformative force reshaping traditional finance into a future-oriented model.
– Emperor Winning emphasized that the ATC system inaugurates a new, sustainable, and humanitarian economic framework.
*Quotes from Leadership*
_”The ATC digital currency is not just a financial innovation; it is a beacon of hope for global humanitarian efforts. We are committed to leveraging this technology to uplift communities and foster sustainable development.”_
— *Empress Nobilisa Sriwan Kingjun*
_”With the ATC Gold Standard, we are setting a new paradigm in digital finance—one that prioritizes transparency, accountability, and the greater good.”_
— *Emperor Solomon Winning*
Attica Empire is the pioneering force behind the digital economy of the United Kingdom of Atlantis. It focuses on developing secure, asset-backed FinTech solutions to support global usage and worldwide humanitarian efforts.
The ATC Digitalcurrency (Attica Coin) is a gold-backed digital asset designed to:
1. Provide a transparent and efficient medium of exchange.
2. Fund humanitarian initiatives and social development programs.
3. Set a new benchmark for asset-backed cryptocurrencies worldwide.
The Attica Empire remains committed to advancing innovative financial systems that empower global humanitarian projects and foster sustainable economic growth. The success of the ATC digital currency exchange system test paves the way for broader adoption and integration into global financial ecosystems.
### Upcoming Initiatives
– *Global Roadshow:* Attica Empire will embark on a worldwide tour to introduce the ATC digital currency to key financial hubs and international organizations.
– *Humanitarian Partnerships:* Collaborations with NGOs and global institutions to channel ATC funds into pressing social development projects.
– *Technological Advancements:* Continuous enhancement of the ATC platform to ensure scalability, security, and user-centric features.
The Attica Empire invites global stakeholders to join this transformative journey toward a more equitable and sustainable financial future.
Life Patron Gen. Buratai Congratulates Newly Elected Lady Captain of TYBGRCC
ABUJA – The Tukur Yusufu Buratai Golf Resort and Country Club (TYBGRCC) has ushered in a new era of leadership with the election of Ms. Jumai Hajara Adamu as its Lady Captain.
The club’s Life Patron, Lt Gen Tukur Yusufu Buratai (Rtd) CFR, former Chief of Army Staff, has extended his warm congratulations and full endorsement. “As the Life Patron, I am immensely proud to see a leader of your calibre step forward,” he stated. “Please be assured of my full and unwavering support throughout your tenure. I have every confidence that your leadership will be marked by significant achievements.”
The election, conducted by the club’s Board of Trustees and membership, highlights a unanimous confidence in Ms. Adamu’s vision and dedication to the sport and the club’s community.
In her acceptance address, the newly elected Lady Captain outlined a forward-looking agenda anchored on three key pillars: Unity, Development, and Inclusiveness. “I believe that golf is not just a sport but a powerful platform for friendship, discipline, mentorship, and community,” she stated, pledging to strengthen member bonds, encourage greater participation among ladies and youth, and enhance the club’s facilities.
Ms. Jumai Hajara Adamu, a respected member known for her active participation and organizational acumen, succeeds a line of distinguished past Lady Captains. She has pledged to build upon their legacy with transparency, teamwork, and accountability, ensuring every member feels heard and represented.
This appointment is seen as a significant step for the TYBGRCC, reinforcing its commitment to excellence, growth, and fostering a vibrant sporting community in the heart of the nation’s capital. The club anticipates a dynamic and prosperous term under her guidance.
About Tukur Yusufu Buratai Golf Resort and Country Club (TYBGRCC):
Located in Abuja, TYBGRCC is a premier golfing destination dedicated to promoting the sport of golf, fostering camaraderie, and encouraging a healthy lifestyle among its members and guests. It stands as a testament to world-class sporting and recreational facilities.
NAWOJ: SEKINAT, CHARITY GETS VOTE OF CONFIDENCE
The Nigeria Association of Women Journalists,(NAWOJ), Ogun State Chapter Executives has unanimously passed a vote of confidence on Chairman NAWOJ SEKINAT Salam and the Financial Secretary, Charity James, saying that, their leadership reflect the ideal and objectives of NAWOJ.
This was revealed in a communique issued at an Emergency meeting of the Executive held at the NUJ State Council, Iwe-Iroyin in Abeokuta.
The vote of confidence on the Leadership of NAWOJ was unanimously signed by all the five executive members that attended the meeting with the vice chairperson taking apology for official engagement outside the state capital.
According to the communique ” Consequently, NAWOJ Ogun State Chapter, reaffirms it’s unwavering support and confidence in the Chairperson and the Financial Secretary, Sekinat Salam and Charity James respectively, Urge them to continue in their commitment to purposeful leadership in the best interest of the association and the society at large”.
Speaking briefly with Journalists after the emergency Executive meeting, the Chairperson, Nigeria Association of Woman Journalists (NAWOJ), Com. Sekinat Salam, said the meeting was necessary as the news of her suspension was laughable and insulting because it is like a pot calling a kettle black in this case, saying that the Leadership of the State Council, Com. Wale Olanrewaju has no local standing to suspend her or any executive member, even he cannot be a judge in his own case.
According to her” The Leadership of the Nigeria Union of Journalists, Ogun State led by Wale Olanrewaju has always been misusing power without recourse to the constitution of this noble Union, hence has no local standing to suspend me or any executive member “.
She said only the Central Working Committee (CWC) has the constitutional rights to sanction or suspend any members found wanting after due process has been followed.
While calling on members to stay calm, Com. Sekinat Salam assured members of positive representation of NAWOJ at both the State and National level, adding the success recorded under her administration cannot be overemphasized.
She therefore called on the National leadership of NUJ to critically look into the matter, either by setting up independent committee to investigate the issues and resolve the matter as quickly as possible.
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