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Abiodun Seeks Foreign Investment in Livestock, Timber Processing, Automobile Assembly Plant, Others

Vital News by Vital News
December 6, 2024
in Economy
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Abiodun Seeks Foreign Investment in Livestock, Timber Processing, Automobile Assembly Plant, Others
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Governor Dapo Abiodun of Ogun State says investment opportunities abound in the state that require the buying-in of foreign investors.

Abiodun spoke on Friday during a meeting with the President of the African Development Bank (AfDB) Group, Dr. Akinwumi Adesina at the sideline of the ongoing Africa Investment Forum (AIF) Market Days, in Rabat, Morocco.

The governor listed some of the projects to include livestock value addition, timber processing, renewable energy, and investments in the power sector.

Abiodun also said Ogun State is exploring opportunities for the establishment of an automotive assembly plant and extending the Lagos red and blue rail lines from Agbado to Kajola and from Okokomaiko to Agbara/Lusada, as well as the Purpleline.

He praised the commitment of the AfDB president in connecting sub-national entities on the continent to investment opportunities.

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“Our meeting earlier today in Morocco with the President of the African Development Bank (AfDB) group, Dr. Akinwumi A. Adesina, focused on key projects we plan to embark on in Ogun State.

“We expressed our appreciation for the critical role AfDB plays in connecting sub-national governments with potential investors and providing proof of financing for major initiatives.

“This engagement reinforces our commitment to leveraging strategic partnerships and innovative financing solutions to drive sustainable development and economic growth in Ogun State,” Abiodun said. (vitalnewsngr.com)

Tags: AfdbinvestmentsOguntimber
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