OPIC, FOREIGN INVESTORS SET TO ESTABLISH ECO-INDUSTRIAL PARK IN OGUN

Ogun state property and Investment Corporation in collaboration with foreign partners are planning to establish an eco-industrial park along Ijebu-Ode-Mujoda Epe Expressway in the State, subject to the governor’s approval.

According to a statement signed by the corporation’s press officer, Olabisi Adegbite, the Managing Director, OPIC, Abiodun Fari-Arole, disclosed this during the annual Treasury Board Meeting on the year 2023- 2025 Medium Term Expenditure Frame- Work and 2023 Budget in Abeokuta.

Fari-Arole said the park would help in reducing waste and pollution, assist in achieving sustainable development and also increase the revenue base of the State.

“I have some partners in Malaysia. We have discussed the designing of the eco-industrial park, using Malaysia as a case study. Everybody is going green to reduce industrial pollution coming from generators and so on,” he said.

The managing director pointed out that 75 per cent of the corporation’s internally generated revenue depended majorly on sales of land and construction of medium and high-earned structures, appealing to the Governor, Dapo Abiodun, to allocate land to the corporation, especially along Siun and Ijebu-Ode-Mujoda-Epe areas, and to effectively construct more housing projects for the citizenry.