Ogun State Secures $250M Dairy Investment for Agriculture

Ogun State has attracted a $250 million investment in its agricultural sector, specifically for the establishment of a large-scale dairy farm. Farouk Gumel disclosed this information during a meeting with Governor Dapo Abiodun at the governor's office in Abeokuta.

The investment aims to increase local milk production and strengthen Nigeria's agricultural value chain. The company has completed land acquisition in the Ogun West Senatorial District, which will facilitate the commencement of development activities.

The choice of Ogun State is attributed to its investor-friendly policies and ongoing infrastructure development, particularly in Ogun West, which is considered suitable for large-scale dairy farming. Gumel expressed excitement about the investment, noting that it holds great promise for the region, especially with critical infrastructure projects underway.

A groundbreaking ceremony for the dairy farm is expected to take place within the next two to three weeks, with the investment anticipated to create jobs and stimulate economic activity in Ogun West.