State of the StatesState of the States: Ogun

State of the States: Ogun

July 20, (THEWILL) – Ogun State was created from the old Western State on February 3, 1976. It has Abeokuta as its capital and largest city. Located in South Western Nigeria, Ogun State covers 16,762 square kilometres. It borders Lagos State to the south, Oyo and Osun states to the North, Ondo State to the east and the Republic of Benin to the west. Like Lagos, Ogun is a coastal state with viable boundaries.

Ogun State has the highest number of tertiary institutions in Nigeria – 23 (16 universities and 7 polytechnics).

According to NigeriaGalleria it’s natural resources include an extensive fertile soil suitable for agriculture and mineral deposits. The climate and soil of the state are suitable for the cultivation of a wide range of crops.

The major food crops include rice, maize, cassava, yam and banana. The main cash crops include cocoa, kolanut, rubber, palm oil and palm kernels. Ogun State is one of the largest producers of kolanut in the country. It also produces timber and rubber on a large scale.

About 20% of its total area is constituted of forest reserve suitable for livestock. The State has enormous industrial potentials. Its natural resources, manpower and geographical proximity to Lagos make it a potential industrial zone to the nation.

Its extensive limestone deposit according to scientists can last for some five hundred years. The multi-million naira cement factory in Sagamu is the largest cement factory in West Africa. Both this factory and Ewekoro Cement factory depend on the local lime stone resources for raw materials.

Other mineral resources available include chalk, phosphate, high quality stones and gravels for construction works.

There are also other modern industries producing high quality beer, bicycle tyres, ceramic goods, high quality clay bricks, carpet and clothing materials


▪ It has the highest number of tertiary institutions in Nigeria – 23 (16 universities and 7 polytechnics).

▪ The current population estimate is 7.1 million with growth rate of 3.36 percent.

▪ It has a total of 1,873 public primary schools and 348 public secondary schools (2005)

▪ Population of public primary school pupils: 388,930 (2007).

Ogun state

▪ Gross State Product (GSP): 1.2 percent to Nigeria’s GDP 2017

▪ Its GSP is the 4th in South-West, 8th in the South and 18th in the country.

▪ 68 percent of its GSP is Service output; 27 percent is non-oil, 5 percent is agriculture (all @ 2017).

▪ Its 2021 budget is N338.6 billion, 15.7 percent of total South-West Zone budget of N2.16 trillion

ogun state
Water Falls
ogun state
Olumo Rock

▪ Over 3,076 companies operate in the state, including MSMEs; Agbara is hub of Nigeria’s manufacturing companies.

▪ Total Revenue N88,43 bn (@2020)

▪ Total FAAC N37.68bn (42.61% of Total Revenue)

▪ TOTAL IGR N50,75bn (57.39% of Total Revenue)

▪ Domestic Debt N153.49bn

▪ External Debt $103.49m

▪ Agricultural output N65.6bn (@ 2017)

▪ N358.1bn non-oil industrial base

▪ Service Output N905.1bn

▪ Gross State Output N1.3 trillion or 1.2 percent of Nigeria’s GDP in 2017

▪ Drives economic and developmental strides of South-West after Lagos.

Ogun Seeks Private Investors on Health, Transport, Others

Ogun State is looking for investors that will develop its tertiary health facilities to a world class health institutions capable of providing quality healthcare services to the people.

It is therefore inviting investors to collaborate with the government on major infrastructural development projects such as road, railway, agro processing, energy digital economy and other social services under its public-private sector partnership arrangement.

The state governor, ‘Dapo Abiodun who stated these at the Nigerian-British Chambers of Commerce (NBCC) Webinar with the theme, “Meet the Governor of Ogun State: Investment and Business Opportunities’, in May 2021, also noted that the Olabisi Onabanjo University Teaching Hospital, Sagamu, needed attention to bring it to standard and prevent brain drain.

According to the Governor, “we inherited an uncompleted 250-bed Hospital in Abeokuta. As part of our recognition that government is a continuum and anywhere the Commonwealth of Ogun State has been invested, we will not abandon.

Ogun state
Backward Integration
Ogun state
Energy Facility

Ogun state
Cattle & Dairy: Essential needs for the population which
interfaces with Lagos.
Ogun state
Mining & Quarry
Ogun state
Haulage Services
Ogun state
Ogun state
Spices & Vegetables
Hotels & Hospitality

“We are therefore looking for investors in order to help us develop it into standard hospital to stem the tide of medical tourism, conserve foreign exchange and provide quality Medicare for our citizens and those who may require the services for research and investigations”.

Reiterating the vision of his administration which included; focused and qualitative governance, improving citizens’ confidence and trust in government through transparent and accountable leadership, the governor stated that several reforms on land, energy, judiciary, tax, finance and civil service, were deliberately put in place to ensure Ease of Doing Business in the state.

He said the creation of Public Private Partnership Office, Ogun Investment Agency, Business Advisory and the recently launched Civil Justice Transformation Strategy Document, were other steps taken to ensure seamless business operations in the State.

He further observed that with a landmass of 16,981 square kilometres, suitable for the cultivating of food and cash crops, the state has a well-diversified portfolio in key sectors including manufacturing, mining and trade which put together, jointly constituted 65 percentage of the state’s Gross National Product value.

He said the present administration’s efforts were geared towards improving productivity, mobility and connectivity through the provision of adequate road infrastructure, particularly in the rural areas.

Abiodun who stressed the importance of having motorable roads that link its neighbours, particularly, Lagos State, said the 14km Epe-Ijebu-Ode road, constructed by his administration, would soon by commissioned, while the construction of Atan-Lusada-Agbara road had since been flagged off, calling on investors to partner his government in building such key economic roads in the state.

The governor lauded the partnership with the British Government in setting up a Multimodal Mass Transport System for the State, adding that his administration was discussing with the Federal Government to create spurs around Lagos-Ibadan Standard guage way to service the intermittent clusters and housing estates springing up along the corridor.

While urging British investors and others to take advantage of the state’s economic potentials, Abiodun maintained that investment opportunities existed in rice, cassava, spices and vegetables, cattle and dairy, poultry as well as in Agricultural International Market and Special Agro-Industrial Processing Zone and in the manufacturing sector.

About the Author

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Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.

Sam Diala, THEWILL
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.

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