Ogun State Governor, Dapo Abiodun, has introduced a brand new partnership with Chinese language vitality firm, CteeC, to develop key energy infrastructure and assist industrial progress throughout the state.
The governor disclosed this in a submit on his official X deal with, stating that the assembly with CteeC was very productive and centered on funding availability, technical capability, and their readiness to maneuver shortly in delivering key vitality tasks for Ogun State.
“We held a really productive assembly with our companions from China, the place we mentioned funding availability, technical capability, and their readiness to maneuver shortly in delivering key vitality tasks for Ogun State.
“Our conversations highlighted three necessary areas of collaboration: strengthening transmission and distribution throughout the state; establishing an Industrial Park that may entice Chinese language producers whereas integrating energy tasks; and their dedication to put in a free 3MW energy plant on the Gateway Worldwide Cargo Airport, which is able to instantly jumpstart actions at that very important location,” he said.
In line with him, the venture goals to speed up vitality improvement and entice overseas manufacturing buyers to the state’s industrial zones.
Abiodun additionally famous that the delegation from China shall be taken to examine ongoing energy infrastructure tasks being dealt with by Sahara and Powergen. He mentioned this varieties a part of efforts to make sure a sustainable and dependable vitality provide throughout Ogun State.
“As well as, we are going to take them to examine the continuing distribution infrastructure and the facility venture presently being executed by Sahara and Powergen, as a part of efforts to safe dependable vitality provide throughout the state,” he said
Extra insights
The Chinese language firm, CteeC, primarily based in Jiangsu Province, already has an funding footprint of 100MW in Nigeria.
“The corporate, Cteec, primarily based in Jiangsu, China, already has an funding footprint of 100MW in Nigeria and is now in search of to increase its operations additional.
“Their curiosity covers energy technology and distribution, funding in a devoted state transmission community, and the institution of an Industrial Park that may carry extra Chinese language producers into Ogun State.
“This engagement is one other testomony to our dedication to constructing the vitality spine that may maintain Ogun State’s industrial progress and total financial improvement,” Abiodun additionally mentioned.
What it is best to know
Ogun State has continued to draw main overseas investments. Late final 12 months, the state secured a $500 million energy infrastructure funding from Japan by way of the Japan Worldwide Cooperation Company (JICA) to enhance energy provide alongside the Lagos-Ogun industrial hall. The venture entails setting up new substations, upgrading high-voltage strains, and enhancing energy reliability for manufacturing hubs in Agbara, Mowe, and Sagamu.
In Might, Mamuda Group Nigeria Restricted, by way of its subsidiary Mamuda Drinks, dedicated $50 million to construct a brand new industrial facility in Ogun State. The power will function throughout meals, private care, and agro-processing. Governor Dapo Abiodun said that building would start with a foundation-laying ceremony deliberate for the next month. Initially, the plant will make use of about 1,500 folks, with plans to scale as much as 3,000 because the operations increase.
Internal Galaxy Group revealed plans to take a position $400 million in establishing a Stellar Metal Plant in Sagamu, Ogun State. This metal plant will occupy over 100 hectares and can produce hot-rolled coil metal, a cloth with robust demand in building, manufacturing, and automotive industries. The venture is anticipated to make use of greater than 3,500 folks (direct and oblique) and be accomplished by round April 2026.
The State Authorities additionally entered a strategic partnership with Ambar Energia, a Brazilian vitality agency, to construct energy vegetation geared toward supporting the state’s industries and enhancing meals safety.
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