Ogun State Governor Prince Dapo Abiodun announced the commencement of the Lee Group First Industrial Park, a $1.8 billion investment in Remoland. Speaking at the Thursday groundbreaking ceremony, Abiodun stated the 450-hectare facility will accommodate 29 manufacturing companies and generate 15,000 jobs. Premium Times reported that the governor described the project as a validation of the state’s business-friendly environment and its role as Nigeria’s leading industrial destination.
Sheau Fung Lee, Chairman of the Lee Group, confirmed the park will host enterprises in food, beverages, footwear, personal care, automation, and plastics recycling. The group, which has operated in Nigeria since 1962 and employs 26,000 people, selected Ogun for its first industrial park due to confidence in the nation’s market. Lee attributed the investment to the state’s infrastructure and proximity to Lagos, Nigeria’s financial capital, which provides access to major markets.
Abiodun emphasized that economic benefits would extend to small and medium-scale enterprises in logistics, warehousing, and security. He noted the project would stimulate demand for housing, retail, and construction services in surrounding communities. The governor highlighted that Ogun’s boundary with Lagos offers a competitive advantage, stating, "Our state occupies a strategic position in Nigeria’s economic geography," as reported by Premium Times. He affirmed his administration’s commitment to building an interconnected industrial ecosystem.
John Enoh, the Minister of State for Industry, Trade and Investment, stated the federal government’s Nigerian Investment Policy aims to attract capital and diversify the economy. He argued that investments like the Lee Group park are essential for moving Nigeria away from exporting raw materials toward producing finished goods. Enoh also announced that the federal government would conduct a groundbreaking ceremony for a 17,000-hectare integrated sugar farm in Niger State within the next month.
Oba Babatunde Ajayi, the Paramount Ruler of Remoland, welcomed the investment and assured the company of traditional institution support. He urged the Lee Group to ensure host communities receive tangible benefits through employment, local contracts, and corporate social responsibility programs. The project represents a milestone in the Lee Group’s long-standing investment journey in Nigeria, which began with an enamelware factory in Port Harcourt.