Here's why you should invest in Ogun State

The Ogun State government has kicked off the fourth edition of their Investor's Forum with the theme 'Consolidating the Gains, Accelerating Growth'. CNBC Africa's Esther Awoniyi caught up with Andrew Nevin, Chief Economist at PWC Nigeria, to discuss the state's efforts in attracting investments. Nevin highlighted the importance of continuity in policy implementation over the years, citing the strategic focus of key sectors such as education and agriculture as drivers of success in Ogun State. Despite an upcoming election next year, Nevin emphasized the need for administrations to build on previous achievements to maintain investor confidence and sustain growth. He cautioned that the potential for policy disruptions surrounding elections could deter foreign investment, urging states to stay the course to reassure investors. Nevin also touched on the critical role of infrastructure development in attracting private capital investments. While acknowledging progress in opening up the private sector to infrastructure projects, he noted the lingering skepticism due to the long-term commitment and stability required for such investments. Nevin pointed out the importance of public-private partnerships (PPP) in financing infrastructure projects, emphasizing the need for a stable policy framework to mitigate risks and ensure accountability. As Ogun State continues to leverage its natural advantages and strategic location next to Lagos, investors are looking for assurance that the state will remain committed to sustained growth and development. Nevin highlighted the need for states to capitalize on their strengths and maintain a favorable investment climate to attract capital inflows. With expectations high for the ongoing forum, investors are hoping to hear a commitment to continuity and a focus on maximizing the state's potential. In conclusion, Nevin emphasized the importance of states adhering to long-term strategies, especially in the face of political transitions, to instill confidence in investors and drive economic growth. By consolidating gains and staying the course, Ogun State and other regions in Nigeria can unlock their full potential and attract the investments needed for sustainable development.