Ogun State’s economy has experienced significant growth, quadrupling from ₦3.5 trillion to ₦16 trillion over the past six years, according to Governor Dapo Abiodun. The governor attributed this improvement to investments in critical infrastructure, basic amenities, and revitalized tourist centers. He made this disclosure during a courtesy visit from representatives of Mac Group, including Strategic Advisor Fayad Fayad and Public Relations and Communication Officer Hassan Fayad, at his office in Abeokuta.
The state’s focus on developing its economy has yielded positive results, with Governor Abiodun noting that Ogun State is now one of the best-performing states in Nigeria, boasting the fastest-growing economy in the country. A key example of this growth is the renovated Olumo Rock tourist center in Abeokuta, which now generates approximately ₦20 million weekly, compared to the same amount it previously generated annually.
Mac Group has pledged to invest between $1.8 billion and $2.5 billion in Ogun State, focusing on hospitality, entertainment, and tourism. The investment will include the development of a Disneyland resort, the first of its kind in Africa, featuring parks, entertainment facilities, hotels, and water parks. According to Fayad Fayad, Mac Group’s Strategic Advisor, the organization is excited to initiate this project and is confident in the state’s potential for growth and development.
Governor Abiodun expressed his appreciation for Mac Group’s investment, citing the state’s conducive business environment, large land mass, good infrastructure, and skilled human capital as key advantages. He emphasized that the state offers a competitive edge for investments, providing all the necessary ingredients for a successful leisure facility. The governor’s administration has created an environment that encourages investment and growth, making Ogun State an attractive destination for businesses and tourists alike.
The planned investment by Mac Group is expected to further boost Ogun State’s economy, creating new opportunities for employment and revenue generation. As the state continues to develop its infrastructure and tourist attractions, it is likely to remain a hub for economic growth and development in Nigeria. With its strong focus on creating a business-friendly environment, Ogun State is poised to attract more investments and solidify its position as a leading economic center in the country.
