The Ogun State Government has said it is attracting both local and diaspora investments due to some reforms put in place by Governor Dapo Abiodun.
This was as the government pledged its commitment to sustaining an investor-friendly environment.
The Secretary to the State Government, Tokunbo Talabi, stated this on Thursday at the inauguration of Treal Hotel and Suites in Abeokuta, the state capital.
Talabi, who represented Abiodun at the event, further said government efforts were focused on strengthening partnerships with credible investors to drive economic diversification and job creation.
According to a statement by DAL Strategic Communications on Friday, Talabi noted that the administration was deliberately deepening reforms aimed at improving the ease of doing business.
He added that the state’s industrial base, infrastructure expansion, and strategic location continued to position it as a preferred destination for investment.
At the event, the Senior Pastor and Founder of Kingsway International Christian Centre, London, Matthew Ashimolowo, urged Nigerian professionals and investors abroad to channel their resources, experience, and global influence into rebuilding confidence in the country’s economy.
He said Nigerians in the diaspora must translate global success into structured investment back home as part of national development.
The SSG added that the growing wave of diaspora returns investments reflected what he described as a “renewed faith in Nigeria’s economic future,” despite prevailing concerns about the business environment.
“What we are seeing here is not just investment; it is a statement of belief in Nigeria. It shows that people are still willing to commit significant resources here,” he said.
The founder of the hotel, Adebayo Fagbenro, said the investment was driven by years of international exposure and a desire to bridge gaps in the country’s hospitality standards.
Fagbenro said his experience across banking, accounting, and global business environments shaped his decision to invest heavily in the hospitality sector in Ogun State.
According to him, the project—worth millions of naira—was driven by both commercial opportunity and a commitment to raising service delivery standards in the industry.
“I have worked across different systems and environments, and I can clearly see the gap we need to close at home. This investment is about raising standards and improving what we have locally,” he said.
In his remark, the Alake and Paramount Ruler of Egbaland, Oba Adedotun Gbadebo, expressed delight at the development, describing it as a welcome and auspicious addition to the socio-economic transformation of Egbaland and Abeokuta.
The monarch noted that the increasing inflow of private investments into the city reflected growing confidence in its stability, cultural heritage, and expanding economic outlook.
He said Abeokuta continued to evolve as a strategic centre for tourism, commerce, and urban development, adding that initiatives such as the hotel project further reinforce its position as an emerging investment destination in Ogun State.
Also, the Chairman of the All Progressives Congress Local Government Chairmen in Nigeria, Henry Fagbenro, described the investment as a strong indicator of growing investor confidence in the state, attributing it to policy stability and an improving business climate.
He noted that the steady inflow of private capital reflected the effectiveness of ongoing reforms and the increasing attractiveness of the state as an investment destination.
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