|
Getting your Trinity Audio player ready...
|
Eight out of every ten new businesses entering Nigeria are setting up in Ogun State. The reason is clear — Ogun has become the industrial capital of Nigeria. Yet, many investors continue to overlook this emerging economic hub until opportunities have already passed.
According to Nuellah Olawepo, sales coach, author of The Shameless Marketer and co-founder of The Views Homes & Properties, “Ogun is the storm you can’t ignore.”
Bordering Lagos, Africa’s most commercially active region, Ogun State is fast transforming into Nigeria’s key industrial and commercial centre. Billions of naira are being channelled into infrastructure projects, positioning the state as a core manufacturing base.
With more than 6,000 registered industrial firms, the operational Gateway International Airport, and the upcoming Dangote Olokola Deep Seaport, Ogun is now one of the most attractive destinations for investors seeking growth.
The state’s advantage lies in its strategic location and cost efficiency. It offers businesses the Lagos advantage — access to markets, ports, and talent, without the congestion and high expenses associated with Lagos. Less than an hour from Ikeja, and connected by major expressways and rail lines, Ogun’s accessibility continues to drive investor confidence.
Ogun is home to a growing list of multinational manufacturers such as Nestlé Milo, Olam Agri, Lafarge, Procter & Gamble, Flour Mills, and Dangote Industries. The Remo Economic Industrial Cluster, a $400 million project developed in partnership with ARISE IIP, and the Gateway International Airport are key drivers of this industrial expansion. The state is also the only one in Nigeria connected by land, rail, water, and air.
Between 2014 and 2017, Ogun attracted more than 70 percent of all manufacturing investments in Nigeria, surpassing Lagos and other states. In 2014 alone, ₦514.87 billion of the ₦691.77 billion invested in manufacturing nationwide went to Ogun — representing 74.4 percent of the total.
The Agbara Industrial Estate, one of Sub-Saharan Africa’s largest industrial zones, spans 8,000 hectares and includes the Ogun-Guangdong Free Trade Zone. The zone hosts 44 operational companies, employs over 6,000 workers, and handles more than 100,000 metric tons of freight daily.
Across industrial clusters in Agbara, Igbesa, Sango-Otta, and Sagamu, more than 3,500 industries operate within six key industrial zones. Ogun’s economy has grown from ₦3.5 trillion to ₦16 trillion in a few years, ranking among the top three states in Internally Generated Revenue.
The real estate sector is also seeing rapid growth. A major development reshaping the landscape is IPIN CITY by The Views Homes & Properties, part of Coalition City — a master-planned urban project developed by 25 estate firms, the first of its kind in Nigeria.
Located in Obafemi-Owode Local Government Area, IPIN City sits near key industrial zones and is described by analysts as “a better Banana Island” — serene, elevated, and flood-free. Plots currently priced around ₦2.5 million are projected to reach ₦10 million by 2027, driven by industrial and infrastructural expansion.
Experts describe Ogun as the “last affordable frontier” in Southwest Nigeria — a region where industry, infrastructure, and real estate are converging. As national and foreign investment continues to rise, Ogun’s role in shaping Nigeria’s economic future appears set to grow even stronger.
