“Our ethical moral is that we will have 65% equity and leave 35% open for the national players, including Ogun State. We want the state to be our partner and the state will take some equity and the national players will take some equity,” he stressed.
Responding, Abiodun commended the company for choosing Ogun and noted that the project would not only create employment opportunities but would be a training hub as the company would set up a technical training centre to train artisans for the sustenance of the project. He said: “We are happy to find a partner that is afrocentric; that understands the sub-region and all the issues that pertain to the people and is ready to spend over $400m. We are indeed very excited that you are in Ogun State.
“I am glad you are setting up two Economic Zones, one in Olokola which will deal with mobility and automobiles, and the other one, the Remo Cluster which will take care of agro-processing. We will support you and we will leave no stone unturned. Our support to you will be total. The infrastructure you will bring will lead to more investors coming to our state”.
Abiodun said his administration at the inception had identified the comparative advantage of the state and set out to bring in more investors whose investments would not only enhance the socio-economic well-being of the people but also retain the state’s position as the industrial capital of the country.