Dapo Abiodun: Ogun Economy Reaches N16trn, Draws $2.5bn Investment Commitment
Dapo Abiodun: Ogun Economy Reaches N16trn, Draws $2.5bn Investment Commitment
Ogun State Governor, Prince Dapo Abiodun, has announced that the state’s economy has expanded fourfold in the last six years, rising from N3.5 trillion to N16 trillion.
He added that the state had also secured an investment pledge estimated between $1.8 billion and $2.5 billion.
The governor made this known during a courtesy visit by Messrs. Fayad Fayad, Strategic Advisor, and Hassan Fayad, Public Relations and Communication Officer of Mac Group, at his office in Oke-Mosan, Abeokuta.
Abiodun further disclosed that following the renovation of Olumo Rock, the state’s foremost tourist attraction, revenue from the site had grown significantly. The landmark, which previously generated about N20 million annually, now yields the same amount weekly.
According to him, Ogun State has made notable progress over the last six years in economic development, infrastructure, provision of basic amenities, and revitalisation of tourist centres.
“We are one of the two best-performing states in Nigeria and the fastest-growing economy in the country. Between 2019 and 2025, our economy has quadrupled from N3.5 trillion to N16 trillion,” the governor stated.
He expressed delight at the increased turnout of visitors to Olumo Rock, describing it as proof that with proper maintenance and functionality, tourist sites could serve as both leisure destinations and viable sources of revenue.
Governor Dapo Abiodun commended the organisation for choosing Ogun State as its preferred destination for investments in tourism, hotels, and recreation. He noted that, beyond the state’s conducive business environment, it also boasts a vast land mass, strong infrastructure, and abundant human capital.
“I have no doubt about the competitive advantage of this state. All the ingredients required for the success of a large leisure facility are here. I believe you made the right decision by coming here, as Ogun provides the best option for investments,” he said.
In response, Mac Group’s Strategic Adviser, Fayad Fayad, revealed that the organisation is committing between $1.8 billion and $2.5 billion to projects focused on hospitality and entertainment.
“We are very pleased to be here in Ogun State and proud to initiate this project. This is just the beginning, with an investment valued between $1.8 billion and $2.5 billion. Very soon, there will be good news,” Fayad said.
He further disclosed that one of the initiatives presented to the governor involves establishing a Disneyland resort in Ogun State — the first of its kind in Africa.
According to him, the project will include theme parks, hotels, water parks, and other entertainment and tourism facilities. He added that Mac Group is eager to partner with the state on numerous projects, citing the government’s vision, leadership, and economic growth as encouraging signs.
“We hope to work side by side with Ogun State, and for us, the sky is the limit,” he affirmed.
