OGUN ATTRACTS $200 MILLION INVESTMENT

Gov Ibikunle Amosun

The industrialisation drive of the Ogun State Government has attracted a $200 million investment, which is expected to generate no fewer than 1000 employment.

A statement quoted the Executive Board Member and Coordinator, Overseas Investments, Hayat Kimya Nigeria Limited, Mr. Ali Zeybek to have disclosed that having carried out a thorough business survey on the ECOWAS countries, the firm chose Nigeria due to its vast capital market and Ogun state in particular, as a result of the state’s unequalled conducive business environment.

"We intend to invest at least between $180 million and $200 million at optimal capacity while not less than 1000 people will be on the company's payroll", he added.

Zeybek revealed this when he led the management of the company to visit the state Governor, Senator Ibikunle Amosun in his office in Abeokuta.

According to him, Hayat Kimya Nigeria Limited is not just a household name in Turkey, its hub, but also has indelible footprints in the production and supply of baby diaper, tissue, detergent and other household consumptions across Africa.

In his response, Amosun said the state was strategically located for domestic circulation of goods and even to the international market because it shares borders with Lagos, Oyo, Ondo and Osun states as well as Benin Republic.

He urged the firm to use the opportunity to positively impact on the state through Corporate Social Responsibility and help train youths in the state.

"We are not taking our investors for granted, that is why we are investing a lot in the area of security to put their minds at rest and ensure their comforts across the state while they do their business", the governor said 

Source | ThisDay