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Foreign Investment: Ogun signs $400m MoU on Olokola FTZ, Agro processing zone

Published

4 years ago

April 15, 2022

Sahara Weekly

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”.

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US-Based Society Lady, Fehintola-Brat Extends Eid-El-Kabir Greetings To Muslims

Published

1 day ago

May 27, 2026

Sahara Weekly

US-Based Society Lady, Fehintola-Brat Extends Eid-El-Kabir Greetings To Muslims

United States based fahionista of class, Chief (Mrs) Ayoola Fehintola-Brat has extended a warm greetings to Muslim faithful all over the world on the occasion of the 2026 Eid-El-Kabir celebration.

Fehintola-Brat who is the Balogun Egbe Obaneye Obinrin Akile Ijebu, and the Yeye Asofin of Idenaland in her message to Journalists urged Muslim to continually uphold the enduring values of sacrifice, obedience, faith, and compassion, which are central to the significance of Eid-El-Kabir festival.

A quiet philantropist whose humanitarian services has won her several laurels urged Muslims to use the spiritual occasion to pray for the peace co-existence of Nigerians regardless of religious, social and political leanings stressing that the oneness of the country should not be underplay.

In a related development, she expressed her felicitations to all sons and daughters of Ijebuland on the forthcoming Ojude Oba 2026 celebration, tasking age-groups otherwise known as Regbregbe to be more proactive in giving back to their immediate communities.

According to her, the beauty of the age-groups in Ijebuland is the need to contribute immensely to the development of the land in no small means. “This we will continue to achieve with God on our side”, she concluded.

society

Sallah: Obasa Felicitates Muslim Ummah, Commends Nigerians for APC Primaries Turnout

Published

1 day ago

May 27, 2026

Sahara Weekly

Sallah: Obasa Felicitates Muslim Ummah, Commends Nigerians for APC Primaries Turnout

The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa has extended warm felicitations to Muslims in Lagos State and across Nigeria on the occasion of Eid al-Adha.

In a statement released by his Chief Press Secretary, Mr. Dave Agboola, Obasa described the festival as a season of sacrifice, reflection, and gratitude, urging the faithful to continue to uphold the values of peace, unity, and love that strengthen the nation.

He noted that the celebration of Eid al-Adha is not only a spiritual milestone but also a reminder of the importance of togetherness and collective responsibility in building a stronger society.

He, likewise, emphasized that the festival provides an opportunity for Nigerians to renew their commitment to national progress and to support leadership that prioritizes development and prosperity.

Obasa, however, commended Nigerians, particularly members of the All Progressives Congress (APC), for their massive turnout during the recently concluded party primaries. He described the participation as a clear demonstration of the people’s confidence in the government of President Bola Ahmed Tinubu and their belief in the administration’s vision for a greater Nigeria.

“The APC primaries have shown the resilience of our democracy and the confidence Nigerians have in the leadership of President Bola Ahmed Tinubu and the Renewed Hope Agenda. This is a strong message that our people are ready to continue supporting policies that will drive growth and prosperity,” Obasa stated.

The Speaker further encouraged Muslims to celebrate responsibly, stressing that the joy of Eid should be accompanied by prayers for the continued peace and progress of Lagos State and Nigeria.

“As you celebrate with family and loved ones, may this season bring joy, peace, and prosperity to your homes. Let us remain united in our resolve to build a stronger nation,” he added.

On behalf of the Lagos State House of Assembly, Obasa wished all Muslims a happy and fulfilling Eid al-Adha celebration.

society

ABEOKUTA FILM FESTIVAL AT ILEYA

Published

2 days ago

May 26, 2026

Sahara Weekly

ABEOKUTA FILM FESTIVAL AT ILEYA

Kayshow Multimedia a filmmaking and Media organization this year 2026 holds its annual Abeokuta film festival at the Ake Palace in Abeokuta.

Alake of Egba land, Ọba Michael Adedotun Arẹmu Gbadebo has graciously endorsed the Free Training of Egba Youths on Film and Arts and the Entertainment of the the People with a FREE FILM SHOW at the AKE PAVILION. as part of the ABEOKUTA FILM FESTIVAL 2.0.

The Convener of the Film Festival Honorable Kehinde Soaga says this year’s event promises to be more exciting as distinguished personalities are sure to attend.

This includes the honorable Minister for Art Culture and Creative Economy in Nigeria, Barr. Hannatu Musa Musawa, Ààrẹ Lai Labode, Sen. Ibikunle Amosun and other special guests.

The event will feature Film, Cultural Dance Cultural foods and Award Ceremony.

The general public is hereby invited to the Free film show at the Abeokuta film festival at the Alake Palace Pavilion on Thursday 28th of May 2026 by 4:00 p.m.

Only well dressed is the Entry. The Abeokuta Film Festival is an annual event taking place in the capital city of Ogun State state.