Ogun State Governor, Dapo Abiodun, is expected to perform the groundbreaking ceremony for a $1.8 billion industrial park being developed by Lee Group of Companies Ltd along the Lagos-Ibadan Expressway on November 12, 2026.\n<\/p>\n
The 450-hectare First Industrial Park, located within Sagamu and Obafemi-Owode Local Government Areas of Ogun State, is expected to accommodate more than 29 manufacturing factories and generate over 2,500 direct and indirect jobs.\n<\/p>\n
Former President Olusegun Obasanjo, the Minister of Trade and Investment, captains of industry, members of the diplomatic community, traditional rulers and other stakeholders are expected to attend the ceremony.\n<\/p>\n
The project is expected to expand employment opportunities, strengthen local manufacturing and create an enabling environment for businesses, including small and medium-sized enterprises (SMEs), to participate in industrial supply chains.\n<\/p>\n
The industrial park is designed to accommodate businesses across several sectors, including soap and detergent production, PVC leather manufacturing, footwear production, mould manufacturing, food processing, cosmetics, recycling and export-oriented industries.<\/p>\n
The development is expected to attract domestic and foreign investments, expand Nigeria\u2019s manufacturing capacity and strengthen Ogun State\u2019s position as a major industrial destination.\n<\/p>\n
Among the businesses associated with the project is Aspira Products Stand, a subsidiary of Lee Group of Companies, identified as West Africa\u2019s largest detergent company by market share. The company plans to establish its West African regional office within the industrial park.\n<\/p>\n
The proposed regional office is expected to strengthen the park\u2019s commercial activities and create opportunities for manufacturing, distribution and other businesses serving markets across West Africa.\n<\/p>\n
The industrial park is projected to have a gross development value of $3 billion and will feature administrative offices, residential facilities, power and utility stations, banks, shopping malls, showrooms, bonded warehouses, truck and trailer parking bays, communication facilities, conference centres and recreational facilities.\n<\/p>\n
The supporting infrastructure is designed to integrate manufacturing, logistics, warehousing, financial services and commercial operations within one location.<\/p>\n
Its location along the Lagos-Ibadan Expressway, particularly its proximity to the Sagamu Interchange, is expected to provide businesses with access to major markets, transportation networks and logistics services while facilitating the movement of raw materials and finished products.\n<\/p>\n
The project is also expected to stimulate economic activities in Sagamu, Obafemi-Owode and neighbouring communities, creating opportunities for SMEs in transportation, freight services, vehicle maintenance, accommodation, restaurants, fuel stations and other support services.<\/p>\n","protected":false},"excerpt":{"rendered":"Ogun State Governor, Dapo Abiodun, is expected to perform the groundbreaking ceremony for a $1.8 billion industrial park…\n","protected":false},"author":2,"featured_media":956173,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[326756,326757,45,49,48,326758,137,326759,326760,326761,225784,326762,326763],"class_list":["post-956172","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entrepreneurship","tag-african-startup-accelerator","tag-blue-economy-startups","tag-business","tag-ca","tag-canada","tag-climate-tech-startups-africa","tag-entrepreneurship","tag-ocean-impact-entrepreneurship","tag-oceanhub-africa-acceleration-program-2027","tag-oceanhub-africa-cohort-8","tag-startup-funding-opportunities-africa","tag-sustainable-fisheries","tag-waste-management-startups"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/956172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=956172"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/956172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/956173"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=956172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=956172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=956172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}