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The 450-hectare industrial park is designed to accommodate more than 29 manufacturing factories across several sectors.
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The development is projected to attract $1.8bn in investment, with a gross development value of $3bn.
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More than 2,500 direct and indirect jobs are expected from the completed project.
November 3, (THEWILL) – Lee Group of Companies Ltd is developing a $1.8 billion industrial park along the Lagos-Ibadan Expressway in Ogun State, in a project expected to accommodate more than 29 manufacturing factories and generate over 2,500 direct and indirect jobs.
The 450-hectare Lee Group First Industrial Park, located across Sagamu and Obafemi-Owode local government areas, is designed to host manufacturing businesses in sectors including soap and detergent production, PVC leather manufacturing, footwear, mould production, food processing, cosmetics, recycling and export-oriented industries.
Ogun State Governor, Dapo Abiodun, is expected to perform the groundbreaking ceremony on Thursday, November 12, 2026. Former President Olusegun Obasanjo, the Minister of Trade and Investment, industry leaders, traditional rulers and members of the diplomatic community are also expected to attend.
Manufacturing And Investment Plans
The developers project a gross development value of $3 billion for the industrial park, reflecting the scale of the proposed manufacturing and commercial ecosystem.
Among the businesses associated with the project is Aspira Products Stand, a subsidiary of Lee Group, which plans to establish its West African regional office within the park. The project information identifies the company as the largest detergent producer by market share in West Africa.
The proposed regional office is expected to support manufacturing, distribution, and other commercial activities serving markets across the region.
Beyond factory buildings, the park will feature administrative offices, residential facilities, power and utility stations, banks, shopping malls, showrooms, bonded warehouses, truck and trailer parking bays, communication facilities, conference centres and recreational facilities.
The supporting infrastructure is intended to bring manufacturing, logistics, warehousing, financial services and commercial activities into one location, providing businesses with access to essential services within the industrial estate.
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Location, Logistics And Employment
The park’s location along the Lagos-Ibadan Expressway, particularly its proximity to the Sagamu Interchange, is expected to provide access to major markets, transportation networks and logistics services.
The developers expect the location to facilitate the movement of raw materials and finished products while improving manufacturers’ access to distribution channels across Nigeria and neighbouring markets.
The project is also expected to stimulate economic activities in Sagamu, Obafemi-Owode and surrounding communities through increased demand for transportation, freight services, vehicle maintenance, accommodation, restaurants and fuel stations.
More than 2,500 direct and indirect jobs are projected when the facility becomes operational. Construction activities are expected to provide additional employment, while factories and supporting businesses could create opportunities for skilled and unskilled workers, particularly young people and women.
Small and medium-sized enterprises could also benefit from supplying packaging materials, maintenance services, logistics, catering, and other goods and services to businesses operating within the park.
The development adds to Ogun State’s growing industrial corridor, but its eventual economic contribution will depend on the pace of construction, the number of manufacturers that establish operations, and the extent to which the proposed facilities become fully operational.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
