Lee Group Launches $1.8bn Industrial Park in Ogun

Lee Group of Companies Ltd is developing a $1.8bn industrial park along the Lagos-Ibadan Expressway in Ogun State, which will accommodate over 29 manufacturing factories and generate more than 2,500 direct and indirect jobs. The 450-hectare First Industrial Park, located in the Sagamu and Obafemi-Owode local government areas, is designed for various manufacturing sectors, including soap and detergent production, PVC leather manufacturing, and food processing.

Ogun State Governor, Prince Dapo Abiodun, will perform the groundbreaking ceremony on November 12, 2026, with attendance from former President Olusegun Obasanjo, the Minister of Trade and Investment, and other stakeholders. The project aims to attract significant domestic and foreign investment, enhance Nigeria's manufacturing capacity, and solidify Ogun State's reputation as an industrial hub.

Aspira Products Stand, a subsidiary of Lee Group, plans to establish its West African regional office within the park, further enhancing its commercial significance. The development is projected to have a gross value of $3bn and will include various supporting facilities to create an integrated industrial environment.