Ogun now Nigeria’s top investment destination – Gov Abiodun to AfCFTA panel in Algiers

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Ogun State Governor, Prince Dapo Abiodun, has assured the global business community that the state is actively dismantling trade barriers through strategic policies aimed at boosting investment and enhancing trade relations.

He made this known while speaking during a high-level panel titled “Investment Showcase: Unveiling Opportunities from Select African & Caribbean Sub-Sovereigns” at the ongoing IATF25 event in Algiers, Algeria.

Reiterating Ogun’s status as a top destination for investors in Nigeria, the governor stressed the vital contribution of subnational governments to the implementation and success of the African Continental Free Trade Area (AfCFTA).

Governor Abiodun observed that intra-African trade still makes up only about 15% of total trade across the continent, citing challenges such as underdeveloped infrastructure, complex regulatory environments, and disconnected value chains as major obstacles.

He outlined Ogun State’s economic development strategy, which focuses on building multi-modal infrastructure, including the Gateway International Cargo Airport, the Ijebu-Ode and Kajola Dry Ports, over 1,200 km of rehabilitated roads, and an expanded gas distribution network.

The strategy also incorporates various economic and industrial clusters. These include the Remo Economic Development Cluster, anchored by the newly approved international airport; the Ijebu Economic Cluster, located near the Dangote Refinery and Agro-Allied Industrial Zone; the Agbara Industrial Hub; the Ogun-Guangdong Free Trade Zone; and multiple other specialized zones designed for co-location, shared services, and streamlined value chains.

Furthermore, Governor Abiodun pointed out that Ogun State has simplified the investment process through its One-Stop Investment Center (OgunInvest) and a GIS-powered Land Bank with 300,000 hectares of pre-assessed land facilitating faster processing of permits, land titles, and regulatory approvals.

He also highlighted key incentives for investors, including stable policy frameworks under the 2019 Public-Private Partnership Law, collaborative risk-sharing models with institutions like the African Development Bank and IFAD, and structured engagement platforms for government-industry dialogue.

Abiodun concluded by emphasizing Ogun’s strategic advantage its proximity to Lagos ports, ECOWAS markets, and the Benin Republic border positioning the state as a major AfCFTA hub where scale, efficiency, and predictability come together to drive regional prosperity.

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