Business

Work begins on Ogun’s $800m Special Agro-Processing Zone

Governor Dapo Abiodun will on Friday will turn the sod of $800 million Special Agro-Processing Zone to be sited at the Agro-Cargo Airport in Ilisan-Remo.

Abiodun disclosed this on Wednesday at the Treasury Board Meeting, held at Obas Complex, Oke-Mosan, Abeokuta.

He added that the project which would be executed by Arise Integrated Company, would be the biggest investment in Nigeria as it would provide between 15,000 to 20,000 jobs for the people.

He explained that the turning of sod, which would mark the beginning of the first phase of the multi million dollars investment, would take place on Friday, this week, while construction of structures for the project would commence in the first week of December.

Read also: Wema Bank official docked for stealing lender’s N70m

“By the grace of God, we are going to do the ground breaking of the first Special Agro Processing Zone in the country, the very first. The first phase is a $400 million investment and it is going to be in two phases. This has never happened before in this country.

“Construction is going to start first week in December. I am aware that Nigeria Customs Service also wants to start construction immediately in the same aerotropolis.

“That place promises to employ between 15,000 and 20,000 people in the first phase,” Abiodun stated.

According to the governor, the siting of the project is an indication of how viable the airport would be on completion, expressing optimism that the Nigerian Air Force, the Customs Service, multinationals and investors that had indicated interest in the airport would soon follow suit.

The Star

Editor

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