Ogun State Now a ₦16 Trillion Economy Under My Administration — Governor Dapo Abiodun
Ogun State Governor, Prince Dapo Abiodun, has declared that the state’s economy has grown remarkably to reach an estimated ₦16 trillion under his administration. The governor made the bold statement while addressing stakeholders, noting that the achievement is a testament to his government’s commitment to sustainable development, infrastructural expansion, and economic transformation.
Governor Abiodun explained that the growth of Ogun State’s economy was no accident but the result of deliberate policies designed to attract investors, support small and medium-scale enterprises (SMEs), and create an enabling environment for industries to thrive. According to him, Ogun is now one of the fastest-growing economies in Nigeria and has positioned itself as a leading hub for industrialisation, agriculture, and technology.
Economic Transformation of Ogun State
Governor Abiodun highlighted that his administration had embarked on several economic reforms to strengthen the state’s finances and improve the living standards of residents. He pointed out that Ogun’s strategic location as a gateway to Lagos and its proximity to international markets made it a prime destination for investment.
He noted that in the last few years, Ogun has recorded massive inflows of both local and foreign direct investment, particularly in manufacturing, real estate, agriculture, and digital technology. The governor added that his government’s infrastructural drive, including road construction, industrial clusters, and logistics support, played a key role in boosting the state’s GDP.
Investors’ Confidence in Ogun
Governor Abiodun stated that investors are now more confident in Ogun State due to transparent governance and policies aimed at reducing bureaucratic bottlenecks. He noted that several multinational companies have either expanded operations or established new facilities in Ogun, making the state a true industrial hub in Nigeria.
The governor further mentioned that his administration had created opportunities for the private sector to partner with the government in critical sectors such as housing, power generation, and transport. This, according to him, had a direct impact on job creation and wealth generation for the people of Ogun.
Focus on Agriculture and Industrialisation
Agriculture remains a backbone of Ogun State’s economy, and Governor Abiodun revealed that his government has significantly increased agricultural output through mechanisation and support for farmers. He explained that initiatives such as agro-processing zones, farm settlements, and credit schemes have enhanced food security and contributed to the state’s growing economy.
On industrialisation, he stressed that Ogun State remains home to some of Nigeria’s biggest industries, ranging from cement production to fast-moving consumer goods. He attributed this success to the government’s commitment to creating a business-friendly environment with improved infrastructure and incentives for manufacturers.
Infrastructure as a Catalyst for Growth
Governor Abiodun emphasised that infrastructure development has been central to his administration’s strategy. He said that the construction and rehabilitation of roads across Ogun, the development of new housing estates, and improvements in power supply have helped drive economic activity and improve ease of doing business.
According to him, Ogun’s vision is to become not just Nigeria’s industrial capital but also a global investment destination. He stressed that the government would continue to push policies that make the state attractive to investors while also improving the quality of life for citizens.
Ogun’s ₦16 Trillion Economy and the Future
Governor Abiodun declared that Ogun State’s transformation into a ₦16 trillion economy is only the beginning, as his administration is determined to build on the foundation already laid. He reaffirmed his government’s commitment to transparency, accountability, and inclusive governance, ensuring that the gains of economic growth are felt across all local government areas.
The governor added that the focus moving forward would include expanding digital economy initiatives, empowering youths through skills acquisition, and enhancing security to safeguard investments. He also assured residents that his administration will continue to pursue people-centered policies that promote prosperity.
Conclusion
The announcement by Governor Dapo Abiodun has positioned Ogun State as a major economic force in Nigeria, attracting attention from both domestic and international investors. With a ₦16 trillion economy, Ogun has cemented its place as a vital contributor to Nigeria’s GDP and a beacon of industrial and agricultural growth.
Governor Abiodun’s statement underscores his administration’s confidence in sustaining the trajectory of development, innovation, and wealth creation, thereby ensuring that Ogun remains a model state for economic transformation in Nigeria.
