Governor of Ogun State, Dapo Abiodun, has made known a $50 million investment by Mamuda Group Nigeria Limited through its subsidiary, Mamuda Beverages, into the Southwestern State.
The Governor said, “the investment will unfold in phases, eventually including operations in food, personal care, and agro-processing.”
He tagged Ogun State “the top destination for industrial growth in Nigeria.”
Governor Abiodun (X/@DapoAbiodunCON) disclosed: “We are proud to welcome a $50 million investment by Mamuda Group Nigeria Limited through its subsidiary, Mamuda Beverages, into Ogun State. This project, set to begin with the foundation laying next month, marks a significant milestone in our ongoing efforts to make Ogun the top destination for industrial growth in Nigeria. The investment will unfold in phases, eventually including operations in food, personal care, and agro-processing.
“Mamuda Group, based in Kano, currently employs over 13,000 people across sectors such as leather exports, agro-sack production, confectionery, soft drinks, and personal care. With this new development in Ogun, the company plans to begin with 1,500 employees, growing to 3,000 as operations expand. This aligns with our goal of creating quality jobs and strengthening the state’s manufacturing base. We are pleased that our administration’s commitment to creating a business-friendly environment is attracting major investors. As Mr. Hammoud noted, Ogun’s strategic location, bordering Lagos and connecting to Ibadan and Benin, makes it ideal for regional distribution and production. Our open-door policy and investor support structures continue to set us apart.
“To further support growth, we’ve developed key infrastructure like Nigeria’s best-equipped airport and a licensed dry port linked to the rail line. These facilities will streamline importation and logistics, cutting delays and costs. With tools like our Business Environment Council, we are not only attracting investment, we are building lasting confidence in Ogun State’s economic future.”
