Mamuda Group Nigeria Restricted, by its subsidiary Mamuda Drinks, is ready to speculate $50 million in a brand new industrial facility in Ogun State, with operations anticipated to span meals, private care, and agro-processing.
This was disclosed by the Governor of Ogun State, Prince Dapo Abiodun, on his official X deal with on Tuesday.
Governor Abiodun described the funding as a serious milestone within the state’s industrialisation drive, noting that building would start with a foundation-laying ceremony scheduled for subsequent month.
“We’re proud to welcome a $50 million funding by Mamuda Group Nigeria Restricted by its subsidiary, Mamuda Drinks, into Ogun State.
“This undertaking, set to start with the muse laying subsequent month, marks a major milestone in our ongoing efforts to make Ogun the highest vacation spot for industrial development in Nigeria. The funding will unfold in phases, finally together with operations in meals, private care, and agro-processing,” Abiodun acknowledged.
Mamuda Group’s Chairman, Mr. Hassan Hammoud, famous that Mamuda Group, which at present employs over 13,000 individuals in Kano, plans to copy related workforce numbers in Ogun.
The funding will create jobs for 1,500 staff initially, with plans to develop this quantity to three,000 after the primary section of operations
“Mr. Hammoud acknowledged that the muse stone for the brand new facility can be laid subsequent month and that the funding will unfold in phases, finally increasing into different sectors comparable to meals processing, private care, and agro-processing. He added that the group, which at present employs 13,000 individuals in Kano, goals to copy related workforce numbers in Ogun over the following 5 to 6 years, beginning with 1,500 workers and increasing to three,000 after the plant’s first section,” he stated
Mr. Hammoud highlighted the proximity to main markets comparable to Lagos and the South-West hall, making Ogun an excellent hub for regional distribution and manufacturing.
This funding is a key a part of Ogun State’s broader technique to foster a sustainable industrial ecosystem by attracting vital traders and implementing beneficial insurance policies backed by sturdy infrastructure.
Governor Abiodun stated the state’s proximity to key cities and commerce routes gave it an edge.
“We’re happy that our administration’s dedication to making a business-friendly atmosphere is attracting main traders. As Mr. Hammoud famous, Ogun’s strategic location, bordering Lagos and connecting to Ibadan and Benin, makes it perfect for regional distribution and manufacturing. Our open-door coverage and investor assist constructions proceed to set us aside,” he stated
The governor highlighted ongoing efforts to boost logistics and scale back operational prices for companies working in Ogun.
“To additional assist development, we’ve developed key infrastructure like Nigeria’s best-equipped airport and a licensed dry port linked to the rail line.
“These amenities will streamline importation and logistics, reducing delays and prices. With instruments like our Enterprise Surroundings Council, we aren’t solely attracting funding, we’re constructing lasting confidence in Ogun State’s financial future,” he stated
In a transfer to boost the state’s industrial development and power infrastructure, the Ogun State Authorities entered right into a strategic partnership with Ambar Energia, a number one Brazilian power firm, in March 2025 to enhance the state’s energy provide and meals safety.
The governor highlighted the crucial want for dependable electrical energy to assist over 6,000 industries throughout Ogun State, emphasizing that present power allocations are inadequate to satisfy the rising demand.
The partnership focus is on growing localized energy options for key industrial hubs comparable to Ijebu-Ode, Atan-Agbara, and Abeokuta, making certain sustainable development for sectors like cement manufacturing, cassava, poultry, and egg farming.
