Ogun-Guangdong FTZ Attracts Over $300m Investments, Creates 6,000 Jobs - Gboyega Isiaka - THE DAILY CRUCIBLE

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Tuesday, March 23, 2021

Ogun-Guangdong FTZ Attracts Over $300m Investments, Creates 6,000 Jobs - Gboyega Isiaka

                       • Gboyega Isiaka

From Ayobami Ife, Abeokuta

Ogun-Guangdong Free Trade Zone (FTZ), an outcome of the commercial partnership between China's Guangdong province and Ogun state has boosted the economy of the State nay Nigeria with over $300m US dollars foreign investments in the last 14 years.

Chairman of the new Management board of the FTZ, Prince Gboyega Nasir Isiaka,  who disclosed this at the weekend, said the challenges of multiple taxations, security and road infrastructure being experienced by companies operating in the area, would be addressed to enhance the FTZ's capacity to increase the state's investment drive and realize its industrial potential for rapid socioeconomic development.

Isiaka spoke after a tour of the zone and some industries operating inside it, stressing that of the 80 companies initially licensed to operate within the facility,  44  are fully operational while 17 are at different levels of construction.

He also disclosed that over 6000  skilled and unskilled workforce were engaged by companies in the area while 18 industries were experiencing unspecified challenges.

He was accompanied during the tour by other members of the management team, including Hajia Gbemi Tafawa Balewa.

Isiaka who was part of the team that conceived the FTZ project during the administration of governor Gbenga Daniel, noted that the new management board would initiate  changes to reflect the laws of the land and accommodate the interest of the host community.

According to him, a Memorandum of Understanding would be drafted soon to be signed by critical stakeholders, including the local community to ensure harmonious relationship required for smooth business operations while Community Social Responsibility(CSR) will henceforth be taken seriously.

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