Ogun State Governor, Prince Dapo Abiodun, has announced that the state’s economy has quadrupled over the past six years, growing from ₦3.5 trillion to ₦16 trillion.
The governor also disclosed that Ogun has secured an investment pledge estimated between $1.8 billion and $2.5 billion.
Abiodun made the revelations when he received the Strategic Adviser of Mac Group, Fayad Fayad, and the firm’s Public Relations and Communication Officer, Hassan Fayad, who paid him a courtesy visit at his office in Oke-Mosan, Abeokuta.
Highlighting Ogun’s growth in economic development, infrastructure, basic amenities and tourism, Abiodun said the state is now “one of the two best-performing states in Nigeria” and “the fastest-growing economy in the country.”
He pointed to the transformation of the state’s flagship tourist attraction, Olumo Rock, as an example. “Olumo Rock now generates about ₦20 million every week after its renovation, compared to the same amount generated yearly before the turnaround,” he said, noting that the surge in visitors shows the potential of well-maintained tourist sites to create alternative revenue streams.
The governor commended Mac Group for choosing Ogun as an investment destination in tourism, hospitality and recreation, stressing that the state offers a conducive business environment, large land mass, robust infrastructure and skilled human capital.
Responding, Fayad Fayad said Mac Group’s planned investment — valued between $1.8 billion and $2.5 billion — would focus on hospitality and entertainment.
“We are very proud to initiate this project. It is between the range of $1.8 billion to $2.5 billion. Very soon, you will hear very good news. We have presented an initiative to His Excellency about having a Disneyland resort within Ogun State — the first in Africa. It’s a huge project for entertainment and tourism, with parks, hotels and water attractions,” Fayad said.
He added that Mac Group looks forward to working closely with the state government to realise the vision, saying, “We can see the leadership, the growth of the economy and the sky is the limit.”
