Ogun State Governor, Dapo Abiodun, has said the $1.8 billion Lee Group First Industrial Park will accommodate 29 manufacturing companies and create about 15,000 direct and indirect jobs.
Abiodun made the announcement on Thursday, November 12, 2026, during the groundbreaking ceremony of the 450-hectare industrial park, describing the project as a major boost to the state’s industrialisation drive.
He said the investment would expand manufacturing activities, stimulate economic growth and create employment opportunities for thousands of people, particularly young Nigerians.
The governor noted that Lee Group’s decision to establish its first industrial park in Ogun reflected growing investor confidence in the state’s economic potential, strategic location and infrastructure.
“Your decision to establish this first industrial park in our dear state is a clear demonstration of confidence in our economic potential, our industrial climate and the enormous opportunities that Ogun State offers,” he said.
Abiodun explained that the economic benefits of the project would extend beyond the 29 factories planned for its first phase. He said small and medium-scale businesses involved in logistics, transportation, warehousing, packaging, equipment maintenance, catering, security and construction would also benefit.
He added that increased industrial activities would stimulate demand for housing, retail businesses, transportation and other essential services, creating further opportunities for surrounding communities.
According to the governor, Ogun’s proximity to Lagos, Nigeria’s commercial and financial hub, and its access to major domestic and international markets give the state a competitive advantage as an investment destination.
He reaffirmed his administration’s commitment to providing the infrastructure, policies and business environment needed to sustain investments and support industrial expansion.
“Our focus is not simply to attract industries to Ogun State, but to build an interconnected industrial ecosystem where large manufacturers, SMEs, service providers and communities can all benefit from increased economic activities,” he said.
Also speaking at the ceremony, the Minister of State for Industry, Trade and Investment, Senator John Enoh, said the Federal Government’s Nigerian Investment Policy was designed to attract domestic and foreign capital, diversify the economy and encourage the development of industrial parks.
Enoh disclosed that the Federal Government planned to hold another groundbreaking ceremony in Niger State within the next month for a 17,000-hectare integrated sugar farm.
He said investments such as the Lee Group industrial park would help Nigeria move beyond exporting raw materials to producing and exporting finished goods.
“With organisations like the Lee Group, Nigeria will move away from exporting raw materials to producing and exporting finished goods, thereby creating and sustaining millions of jobs,” he said.
Enoh commended Abiodun for creating an environment conducive to investment, describing Ogun as the country’s industrial hub.
In his remarks, Chairman of Lee Group of Companies, Sheau Fung Lee, said the project represented another milestone in the company’s investment journey in Nigeria, which began in 1962 with the establishment of an enamelware factory in Port Harcourt.
He disclosed that the group currently employs approximately 26,000 people and has expanded its operations across several sectors of the economy.
Lee said the new industrial park, valued at $1.8 billion, would occupy 450 hectares and accommodate 29 manufacturing companies, generating about 15,000 direct and indirect jobs.
He listed food and beverages, industrial support products, footwear, personal care products, automation and plastics recycling among the sectors expected to operate within the park.
The chairman attributed the investment to the group’s confidence in Nigeria’s market size, population and economic potential. He also commended Abiodun for facilitating the project and former President Olusegun Obasanjo for his encouragement and support.
The Akarigbo and Paramount Ruler of Remoland, Oba Babatunde Ajayi, also welcomed the investment and assured the company of the support of the traditional institution and host communities.
However, the monarch urged the company to ensure that residents of the host communities benefited from the project through employment opportunities, local contracts and corporate social responsibility initiatives.
