The Industrial Platform Remo Free Zone (IPRFZ) in Ogun State is set to create 40,000 direct jobs during its first phase, significantly boosting the state’s economic growth and development.
This initiative is part of the ARISE IIP Group’s goal to generate over one million jobs across Africa, with Nigeria positioned as a key hub.
The IPRFZ project aims not only to drive industrialization but also to promote local value addition and facilitate trade. It is designed as a world-class, sustainable industrial ecosystem located in Sagamu, with the intention of enhancing exports, improving trade, and serving as a center for manufacturing and innovation.
Speaking to newsmen, the chief business officer of IPRFZ, Prasad Sane noted that Nigeria’s large population provides a competitive advantage for driving industrialization and expanding manufacturing capacity.
He revealed that the first phase of construction is expected to be completed in 2026, and six customers have already secured plots to begin operations by June.
According to Sane, the goal is to create 40,000 jobs in 2025, ahead of the completion date for phase one. He emphasized their commitment to supporting investors in recruiting a skilled workforce.
“The benefits of operating within the zone include waivers for expatriate quotas, the ability to remit profits freely, preferential tariffs, and streamlined approval processes for permits and licenses. The development is divided into six sub-phases, with construction on Section 1A, covering 423 hectares, scheduled to finish by December 2026.”
The director-general of Ogun’s Public-Private Partnerships Agency, Mr. Dapo Oduwole explained that the public-private partnership (PPP) strategy aims to improve the ease of doing business.
He highlighted the state’s development pillars: infrastructure, social welfare, education, youth empowerment, and agriculture.
Oduwole noted a 45-year PPP arrangement between the state government and IPRFZ to ensure long-term industrial growth.
He emphasized that the PPP law, established in 2019, is designed to create a more conducive environment for both local and foreign investment in Ogun. He also stated that Ogun is a leader in fostering partnerships among government entities and private investors like IPRFZ.
“Establishing the PPP office assures investors that their investments are safe and supported in Ogun,” he affirmed. He attributed the growing interest of investors in Ogun to consistent business-friendly policies and the state’s strategic location.
IPRFZ is ARISE IIP’s flagship infrastructure project in Nigeria, developed through a strategic partnership with the Ogun government. This initiative aims to accelerate Nigeria’s industrial growth by promoting local value addition and facilitating trade across key sectors. IPRFZ represents a collaborative effort between the state government and ARISE IIP, a pan-African developer of industrial parks. It is poised to attract investments, create skilled jobs, and support Nigeria’s industrial transformation agenda.
