In his efforts to improve Foreign Direct Investments FDIs inflow into Ogun state, Governor Ibikunle Amosun has planned series of meeting with prospective investors in France to improve the economy and well being of the citizenry.
The survey by Manufacturers’ Association of Association MAN has shown Ogun state as the leading investment destination in the country, a position buoyed by its investment friendly posture and its nearness to the coast.
The state grossed fresh N138.3 billion new investments in 2014 from businesses in Agbara, Igbesa, Abeokuta, Otta, Ijebu-Ode, Ibafo/Mowe, Arepo, Sagamu and other parts of the state, bringing the total investments in the zone to N514.87 billion for the year.
Amosun is expected to bolster the relationship with LafargeHolcim with a Memorandum of Understanding MoU over the waste-to-energy, an independent power project in the works at the Ewekoro cement plant in Ewekoro local government area of the state.
Peter Hoddinott, group managing director, LafargeHolcim had last two months, in company of some officials of the multinational cement firm, visited Governor Amosun in Abeokuta, where he was conducted round some dumpsites in preparation of the re-cyclable, 220MW waste-fired power plant that will cover 1.4 million households in the country.
LafargeHolcim had earlier, also invited Taiwo Adeoluwa, secretary to the state government to Paris, prior to the governor’s visit, where he was briefed of the multinational cement company’s plan to begin the waste-to-energy programme as well as the proposed redevelopment of Aworo forest reserves and imeko game reserves.
In response to the proposed investment and partnership between Ogun state government and LafargeHolcim, Governor Amosun, however, joined President Muhammadu Buhari-led delegation of Federal Government to France on Monday, to hold meetings with some foreign investors and also sign a Memorandum of Understanding (MOU) with LafargeHolcim.
Governor Amosun is also expected to sign series of MoU in France including the one on the redevelopment of forestry and game reserves in the state.
Taiwo Adeoluwa, secretary to the state government noted that “The Ogun State Governor, Senator Ibikunle Amosun, has departed for France as part of a Federal Government delegation led by the President and Commander-in-Chief of the Armed Forces, Muhamadu Buhari.
“While in France, Governor Amosun is billed to hold meetings with some foreign investors and also sign a Memorandum of Understanding (MOU) with Lafarge Africa on the redevelopment of Aworo Forest Reserves and Imeko Games Reserves in Yewa North and Imeko-Afon Local Government Areas of the State respectively.”