By Faith Obams, JKNewsMedia
INTEREST IN Ogun State as a destination for global investment grew stronger over the weekend as Taiwanese multinational conglomerate and technology giant, Foxconn, expressed readiness to establish a manufacturing plant in the state.
The assurance came from Mr. Vincent Lee, AVP, Corporate BD Chairman Office, who led a high-level Foxconn delegation to meet with Governor Dapo Abiodun at the Gateway City Gate Interchange along the Abeokuta–Sagamu Expressway.
He explained that the company was in the state to explore opportunities for setting up operations that would further extend its global footprint.
Mr. Lee stated that Foxconn remains the world’s largest contract electronics manufacturer, commanding an annual revenue base of over $200 billion and employing thousands across its worldwide manufacturing plants.
He highlighted that the conglomerate is active in smart manufacturing, technology infrastructure, and industrial development, and expressed optimism about exploring viable partnerships with Ogun State.
“We are here in Ogun State today to meet with Mr Governor to discuss investment opportunities that will lead to establishing our business here in Ogun State,” Mr. Lee said.
Governor Abiodun, while welcoming the delegation, noted that Ogun State is steadily consolidating its position as Africa’s emerging investment and ICT powerhouse.
He credited this growth to far-reaching reforms and a deliberate strategy to maintain a business environment that attracts private capital.
The governor explained that the state has recorded notable fiscal success through its ability to generate sustainable revenue internally without over-reliance on federal allocations.
He stressed that this model of fiscal creativity has strengthened Ogun’s economic standing and set it apart as an example of resilience and innovation within Nigeria.
According to Governor Abiodun, ICT remains central to this progress, with applications ranging from automating revenue collection processes to broadening the digital economy.
He assured that his administration would continue unlocking opportunities that empower citizens and boost investor confidence.
He added that deliberate policies have been designed to position Ogun State as a hub for technological advancement, aligning with global trends in digital competitiveness and innovation.
“By unveiling the state’s tech hubs, supporting digital entrepreneurs, and encouraging partnerships with international firms, Ogun has aligned itself with global trends in digital competitiveness and innovation,” the governor said.
Highlighting his role as Ogun’s “Chief Marketing Officer,” Governor Abiodun explained that he consistently engages potential investors by showcasing the state’s unique advantages.
“These include its strategic location, industrial base, skilled workforce, and supportive policy environment, which he described as unmatched incentives for investment.
The governor further disclosed that the introduction of advanced geo-mapping systems in land administration has fostered transparency, efficiency, and accountability.
He said the initiative has reduced multiple allocations, closed loopholes, improved investor confidence, and enhanced the state’s internally generated revenue by providing reliable and accessible land data.
He called on both local and international investors to seize the unique opportunities in the state, noting that Ogun, as Nigeria’s recognised industrial gateway, is rapidly consolidating its status as one of Africa’s top destinations for investment and innovation.
According to him, the combined effect of resilience, creativity, and cutting-edge technology is driving transformational growth across key sectors.
“By leveraging private investors’ acumen and a forward-looking development strategy, Ogun has emerged as a shining example of how sub-national governments can thrive in a challenging economic environment,” the governor said.
Members of the Foxconn delegation included Mr. Jesse Chao, Senior Director, Corporate BD Chairman Office, and Mr. Brian Chen, Counsellor, Government Relations, who joined Mr. Lee in the discussions.
