HON MINISTER OF TRADE AND INVESTMENT Dr JUMOKE LOUDS GOVERNOR DAPO ABIODUN OF OGUN STATE INVESTMENTS AND DEVELOPMENTS
Blog post description.
Baron
6/27/20261 min read
Ogun State under Governor Dapo Abiodun is attracting significant investments, building on recent oil discovery and a new airport with a new $250 million major dairy farm project—one of Nigeria’s largest.
Key Project Details:
• It aims to boost local milk production, create jobs, strengthen the agricultural value chain, and reduce Nigeria’s heavy reliance on dairy imports.
• Nigeria produces only ~700,000 tonnes of milk annually but consumes 1.6 million tonnes, importing about 60% of its needs (worth ~$1.5 billion in 2025 alone). Low productivity stems from traditional pastoral cattle management despite having ~59 million cattle.
Reasons for Investment in Ogun:
The company cited the state’s investor-friendly environment, supportive policies, infrastructure improvements, and cooperative host communities.
Broader Impact:
• More jobs, new businesses, expanded value chains, increased Internally Generated Revenue (IGR), and economic growth for residents.
• The post emphasizes that proactive governors are now key drivers of state-level prosperity.
Thank you Hon. Minister of Trade and Investment Dr. Jumoke Oduwole for attracting FDI, and Sunday Dare CON, Spokesperson to Ashiwaju Bola Ahmed Tinubu for promoting the Renewed Hope agenda.
Highly positive and celebratory, viewing the dairy project as a step toward reducing poverty, creating employment, and addressing insecurity through economic development.