In a bold push to boost internal revenue and industrial capacity, Ogun State has invested $400 million into the Industrial Platform Remo Free Zone (IPRFZ) project a long-term partnership with ARISE Integrated Industrial Platforms (ARISE IIP).
Spanning 45 years, the IPRFZ, located in Sagamu, is set to become a major manufacturing and export hub, targeting 40,000 jobs in its first phase alone. Six companies have already secured land, with two scheduled to commence operations by June 2025.
Read also:
Speaking at a press briefing in Abeokuta, Dapo Oduwole, Director-General of the Ogun PPP Agency, said the project reflects Governor Abiodun's commitment to ease of doing business and sustainable development.
Prasad Sane, Chief Business Officer of ARISE IIP, said IPRFZ offers incentives like tax waivers, fast-track licensing, and a fully integrated industrial ecosystem to attract both local and foreign investors.
The zone, strategically located within the 5,000-hectare Remo Economic Development Cluster, will also feature agro-processing facilities, residential areas, logistics support, and a green energy focus, positioning Ogun as a powerhouse in Nigeria's industrial future.
No comments:
Post a Comment