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”.
The Limit Breaker Sierre Leone Day 2- Spirit Brings Liberty When You Obey Instructions – Dr Chris Okafor.
…. Obedience is the Solution to Limitations
If somebody can start it, somebody can end it, obeying instructions can change any evil patterns in the life of people, pattern of sickness, Poverty, Late marriage and what have you, when you obey instructions you will breakout of the Limitations in your father’s house.
This was the case study at the day 2 of the ongoing The Limit Breaker Conference in Freetown Sierre Leone where over 2 million faithful received Prophetic Blessings from the servant of God, The Generational Prophet of God.
Teaching on the Topic, Breaking out from the Limitations of my Father’s House Part 2, The Convener Chris Okafor world outreach Ministry COWOM and Senior Pastor Grace Nation Global Dr Chris Okafor continue on the highlights said when you obey instructions, you are prone to be free from any bondage of your father’s house.
The Generational Prophet of God also remarked that , it is not that the devil is powerful but because of the lack of Knowledge of the People, he said ignorance is a licence to bondage therefore obedience is majorly the solution to ancestral Limitations, when you obey instructions the spirit that brings liberty locate you and you will be free from bondage and every spirit of Limitations from you father’s house, you will be free from it.
It was another Powerful and Prophetic movement of God at the Conference, God uses his servant the Generational Prophet of God Dr Chris Okafor to do what he knows how to do best, Addressing Various issues, calling Names, Names of villages, while Every evil altars holding people inheritance exposed, Profiling solution to every case file brought to the conference, it was indeed a life changing Prophetic encounter in the life of the good people of Sierre Leone, the testimonies that will come after the three days prophetic encounter will be enormous and according to a participant who will not want her name mention.
The conference continues on Friday 15th November 2024 ,Same Time and Venue
“Let’s reflect as we wrap-up 2024″By Prudent Ludidi
As we stand here today, we are on the threshold of a new year. A year full of possibilities, opportunities, and promise. But before we step into the unknown, let’s take a moment to reflect on 2024.
Look back on the triumphs and the struggles. The moments that made you proud and the moments that made you question yourself. Think about the goals you set and the ones you achieved.
Reflection is not about dwelling on the past; it’s about learning from it. It’s about identifying what worked and what didn’t. What you can improve on and what you can let go of.
As you reflect on the past year, remember that you are not the same person you were these couple of months ago. You’ve grown, you’ve learned, and you’ve evolved.
Don’t be too hard on yourself about the mistakes you made or the opportunities you missed. Instead, focus on the progress you’ve made and the strength you’ve gained.
Now, as we wrap up this year and prepare for the next, ask yourself:
What do I want to achieve in the coming year?
What habits do I want to form?
What relationships do I want to nurture?
What skills do I want to develop?
What dreams do I want to chase?
The upcoming year is a blank canvas, waiting for you to paint your masterpiece. Don’t let fear or doubt hold you back. You have the power to create the life you want.
So, as we near the close of this chapter and begin a new one, remember that every ending marks a new beginning. Every setback is an opportunity for growth. And every success is a stepping stone to greater things.
WALLEX DAY 2024: A Celebration of Compassion and Community Support
Solanke Ayomideji Taiwo
In a heartwarming display of generosity and community spirit, Chief Lawal Eniola Adewale Lawal, CEO of Wallex Estate Global Services, marked Wallex Day 2024 by facilitating the release of six inmates from the Ilaro Corrections Center. This significant event took place in Ilaro, Ogun State, and was attended by a host of dignitaries and local personalities, all united in the spirit of giving back to the community.
The initiative, which aims to promote social reintegration and support for the less fortunate, saw Chief Lawal extend a helping hand not only to the released inmates but also to elderly women in the area. The CEO personally distributed cash gifts and foodstuffs, emphasizing the importance of uplifting those in need and fostering a sense of belonging within the community. “We must remember that our strength lies in our ability to support one another,” Chief Lawal stated during the event. “This is just the beginning; I promise to extend this philosophical gesture to Nigerians regularly.”
The event drew a diverse crowd, including notable figures from various sectors. Among the attendees were Alhaji Ibrahim Dende Egungbohun, the Founder of IBD Implex and IBD Foundation, as well as popular Nollywood actors and actresses. Traditional rulers from both Yewa South and North also graced the occasion, highlighting the collaborative effort to enhance community welfare.
The atmosphere was filled with hope and positivity as stories of resilience and transformation were shared. The released inmates expressed gratitude for the opportunity to start anew, while the elderly women felt appreciated and valued, reminding everyone of the importance of compassion in society.
This year’s Wallex Day not only celebrated the theme of redemption but also reinforced the commitment to social responsibility. With promises of continued support and outreach, Chief Lawal and his team aim to inspire others to join in the collective effort to uplift the community.
As Wallex Day 2024 concluded, the message was clear: together, through acts of kindness and community engagement, a brighter future can be forged for all.