Dapo Abiodun Woos Brazilian Investors for Fertilizer Plant, Mining, Tourism, and Energy Projects in Ogun State

Governor Dapo Abiodun of Ogun State has extended a strategic invitation to Brazilian investors, encouraging them to collaborate with his administration in establishing a fertilizer manufacturing facility within the Olokola Liquefied Natural Gas (LNG) Project zone.

In addition to the fertilizer plant initiative, Governor Abiodun emphasized Ogun State’s readiness and openness to welcome foreign direct investments across multiple sectors including oil and gas, livestock production, solid mineral extraction, agriculture, renewable energy, conventional power plant construction, technical education, tourism, and youth vocational training programs.

This declaration was made during the Ogun State Investment Summit held in Rio de Janeiro, Brazil, a parallel event organized alongside the BRIC Summit. The international summit featured the presence of President Bola Ahmed Tinubu, five Nigerian state governors, federal ministers, and several top-level government functionaries.

The investment summit marked another significant milestone in Governor Abiodun’s relentless drive to promote industrialization and infrastructural expansion in Ogun State, also known as the Gateway State.

While speaking at the event, Governor Abiodun described Ogun as one of Nigeria’s most developed and investment-friendly states. He highlighted that the Olokola region, the proposed location for the fertilizer plant, possesses the deepest natural sea point in Nigeria, making it strategically suitable for large-scale industrial and export-oriented projects.

“We have a location in our state called the Olokola region. It has the deepest sea point in Nigeria and is currently being considered for the Olokola Gas Project. This location is ideal for establishing a fertilizer plant, and we are extending an invitation to Brazilian investors to partner with us on this,” the governor explained.

Adding his voice to the investment drive, Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, reiterated the industrial capacity of Ogun State, affirming that it remains one of the most industrially advanced states in the country.

“The state already possesses a strong industrial foundation, which explains why it is among Nigeria’s most industrialized regions,” Minister Tuggar noted.

Also present at the summit, Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister for the Economy, assured attendees that the country is progressing in the areas of economic growth, inflation management, and strengthening its external reserves.

In a related remark, Central Bank Governor Yemi Cardoso echoed similar optimism, affirming that Nigeria’s financial sector has experienced significant stabilization since the commencement of the current administration.

“Today, Nigeria has achieved financial system stability. Our strict regulatory framework is yielding positive outcomes, with inflation now showing a downward trend. This stability is laying a solid foundation for sustainable economic growth,” Cardoso said.

Governor Abiodun’s multi-sectoral approach signals a long-term vision to transform Ogun into a thriving hub for industrial innovation, sustainable energy, agri-business, and youth development—while reinforcing global partnerships such as this Brazil engagement.