Ogun moves to attract more investors with N23bn road construction 

Ogun moves to attract more investors with N23bn road construction 

Having considered short and long term economic benefits which infrastructure such as roads and rail would have on investment and production of goods and services, Ogun state government is investing N23 billion in construction of Atan-Igbesa-Agbara industrial roads.
The construction of dual-carriage Atan-Igbesa-Agbara roads and overhead bridges that link the arguably largest industrial hub in West African sub-region – Agbara industrial hub – is part of efforts to attract more investors into the Gateway state with a view to providing conducive economic atmosphere for businesses to thrive since haulage of workers as well as raw materials and finished goods in and outside the corridor will be much easier and more seamless.
Speaking at the inauguration of over $100 million diaper ‎factory established by Turkish Conglomerate – Hayat Kimyat Holdings at OPIC Industrial Estate in Agbara, Ogun state on Wednesday, Governor Ibikunle Amosun declared that roads construction had begun along Atan-Igbesa-Agbara corridor to ease human and vehicular movement inbound and outbound Ogun state, Lagos state as well as Benin Republic through either Idi-Iroko border or Badagry -Seme border.
Governor Amosun acknowledged that it had not been ease to move human beings, and haulage raw materials and finished goods in that axis for so long due to abysmally poor status of the industrial roads, saying that the bad situation of roads had prompted government to release N5 billion mobilization fee to contractors for them to start the work immediately.
While requesting all investors operating in the state to contribute 40% as an infrastructure development fund in order for government to rehabilitate and construct new roads across the state, especially at the industrial areas, he explained that government decided to invest so much in the construction of dual carriage road and overhead bridges, adopting concrete road technology, considering loads that will conveyed by trucks and trailers which will be plying the roads on regular basis.
He said, “I need to give an apology that I came late to this glorious event because of bad state of the roads, I must give you good news that we have begun construction on the road, we have mobilised contractors to site. For your information, that road will cost a whooping N23 billion because we are using concrete to construct the roads, and we have given the contractors N5 billion to start the work immediately.”
Earlier, Hakan Misri, Managing Director of Hayat Kimyat Holdings, producers of baby diaper and tissue papers such as Molfix, Papia, Teno, Bingo, Focus among other products, said that the multi million dollar baby diaper and tissue investment was undertaken “to ‎celebrate the diplomatic ties between two great nations – Nigeria and Turkey.”
Misri, who disclosed that Haya Kimyat ‎Agbara multi million dollar diaper and tissue factory is the first of such in Nigeria with 1.3 billion baby diapers per annum and 13,000 tons of tissue per annum respectively, added that Hayat Kimyat Holdings has 41 companies in five continents of the world and manufactures 8.6 billion diapers worldwide.
He however requested Nigeria government at all levels to focus more on manufacturing and exports as huge economic areas and potentials to stimulate economic growth and development, but urged government to give required incentives and lower Customs tariff, and guard against multiple taxation that affect ease of doing business in the country.
RAZAQ AYINLA, Abeokuta

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