Ogun Now Has N16trn Economy – Abiodun

Ogun State Governor Prince Dapo Abiodun has disclosed that the state’s economy has increased over fourfold, jumping from N3.5 trn to N16 trn in the last six years.

his is just as the state secured an investment pledge in the range of $1.8 to $2.5 bn.

Abiodun made the disclosure when he met with Messr Fayad Fayad, the Strategic Advisor and Hassan Fayad, Public Relations and Communication officer of Mag Group, who paid him a courtesy call in his office at Oke-Mosan, Abeokuta.

The governor also revealed that the State’s foremost tourist centre, Olumo Rock in Abeokuta, generates about N20m on weekly basis after its renovation, compared to the same amount generated yearly before the turn around of the tourist centre.

According to the governor, Ogun State in the last six years, grown in leaps and bounds in the areas of economic development, improved infrastructure, provision of basic amenities and reinvigorated tourist centres’ across the State.

He said: “We are one of the two great performing states in Nigeria. We are the fastest growing economy in the country. Our economy between 2019 and 2025 has quadruple from N3.5 trn to N16 trn.”

Abiodun expressed surprise at the number of people turning out to visit the Olumo Rock after its renovation, noting that it was an indication that if tourist sites were well maintained and functional, they could provide an alternative place for relaxation and revenue generation.

He lauded the organisation for choosing the state to invest in tourism, hotels and recreation investment, adding that apart from the conducive business environment, it is blessed with large land mass, good infrastructure and needed human capital.

“I don’t have a doubt about the competitive advantage of this state. All the ingredients that you need for the patronage of a large leisure facility is here and I think that you have not made any error in coming as we provide the best option for investments,” he said.