Ogun State on an aggressive investment drive

Ogun State, known as the gateway state to Lagos, is on an aggressive investment drive, attracting innovative projects and investors to accelerate growth and development. The state recently welcomed Baba-Jallah Epega, Chairman and Founder of EMC3, who shared his experience with investing in the state during a CNBC Africa interview. Epega, originally from Ijebu in Ogun State but residing in England for quite some time, returned to Nigeria after 20 years with a vision to build the first West African motorsport racetrack in the region. The $120 million project aims to not only bring business opportunities but also to uplift the community and engage the youth in enterprise. Epega expressed his appreciation for the warm reception from the state government, highlighting the collaborative approach towards realizing this ambitious venture. Ogun State, with its strategic location and business-friendly environment, has emerged as a promising hub for investment, drawing interest from diverse sectors and industries. The motorsport project, set to transform the state's landscape, emphasizes sustainability, innovation, and long-term economic growth. With a nine-year development plan in place, the project aims to create a unique corporate experience center, an academy, and foster partnerships with leading automotive brands like Mercedes-Benz and BMW. The focus on capacity building, environmental consciousness, and technological advancements underscores Ogun State's commitment to fostering a progressive business ecosystem and driving sustainable development. As the state consolidates its gains and accelerates growth, initiatives like the motorsport project reflect a forward-looking vision that seeks to position Ogun State as a key player in the global marketplace.