The Governor of Ogun State, Prince Dapo Abiodun, has revealed that the state’s economy has expanded fourfold in the last six years, growing from ₦3.5 trillion in 2019 to ₦16 trillion in 2025. He also disclosed that the state has secured an investment pledge worth between $1.8 billion and $2.5 billion to further boost its economic and infrastructural development.
Governor Abiodun made the disclosure when he received Mr. Fayad Fayad, Strategic Advisor, and Mr. Hassan Fayad, Public Relations and Communication Officer of MAG Group, during a courtesy visit at his office in Oke-Mosan, Abeokuta.
Highlighting the economic strides of Ogun State, the Governor noted that the administration has driven growth across multiple sectors including infrastructure, basic amenities, and tourism. He revealed that following its renovation, the iconic Olumo Rock tourist center in Abeokuta now generates ₦20 million weekly, a sharp contrast to the same amount it used to generate annually before the turnaround.
“We are one of the two best-performing states in Nigeria and the fastest-growing economy in the country. Our economy, between 2019 and 2025, has quadrupled from ₦3.5 trillion to ₦16 trillion,” Abiodun stated.
He commended the MAG Group’s interest in Ogun’s tourism and hospitality sector, assuring the investors of a conducive business environment, abundant land mass, robust infrastructure, and skilled human capital. “I don't have any doubt about the competitive advantage of this state. All the ingredients you need for the patronage of a large leisure facility are here,” he added.
On their part, MAG Group’s Strategic Adviser, Fayad Fayad, disclosed that the planned investment would include a Disneyland-style resort in Ogun State, the first of its kind in Africa. The project, he explained, would feature parks, hotels, water attractions, and entertainment hubs, describing it as a landmark investment that will place Ogun State on the global tourism map.
“We are very proud to initiate this project here in Ogun State. This is definitely the first project and it is between the range of $1.8 billion and $2.5 billion. Very soon, you will hear very good news,” Fayad assured, emphasizing that the collaboration with Ogun State was built on the Governor’s clear vision and the state’s rapid economic growth.
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