The Ogun State Government and ARISE Integrated Industrial Platforms (ARISE IIP) have committed a $400 million investment to develop the Industrial Platform Remo Free Zone (IPRFZ), a new public-private partnership aimed at driving economic growth and attracting local and foreign direct investment into the state.
The free zone, located in Sagamu within the 5,000-hectare Remo Economic Development Cluster, is designed as a multi-phase, 45-year industrial project. It includes a Special Agro-Processing Zone already under development and aims to offer a fully integrated ecosystem for manufacturing, trade, and logistics.
Speaking in Abeokuta on Tuesday, the Director-General of the Ogun State Office of Public-Private Partnerships, Dapo Oduwole, described the project as a major milestone for the state’s investment strategy. He said Governor Dapo Abiodun’s administration is fully backing the initiative as part of efforts to close infrastructure gaps and improve citizens’ welfare.
“We are very excited at the public-private partnership relationship and view this as a key driver of the administration’s goal to boost industrialization,” Oduwole said.
He added that Ogun State had taken deliberate legal and administrative steps to support investments, including the enactment of a PPP law in 2019 and the establishment of a dedicated PPP office. “This is meant to give investors comfort, confidence, and knowledge that their investment is safe,” he said.
Oduwole also highlighted the creation of a one-stop investment centre to help investors access opportunities across the state’s 20 local government areas. Fiscal incentives, such as tax reliefs and duty waivers, are also in place to make the zone more attractive.
Although the state has yet to publish specific revenue forecasts, Oduwole said the long-term returns are expected to be substantial. “We’re only in year three or four of a 45-year project. The initial investment of $400 million alone shows the long-term potential,” he noted.
The IPRFZ is located close to major infrastructure, including a nearly completed international cargo airport, road networks, and a proposed deep seaport—positioning the zone to become a logistics and industrial hub in the region. “Our goal is to make Ogun the breadbasket not just of the Southwest, but of Nigeria,” he said.
Chief Business Officer of IPRFZ, Prasad Sane, said the zone provides an integrated industrial ecosystem supported by a single-window clearance system. “Investors will not deal with multiple government agencies. We handle customs, immigration, and all necessary approvals,” he explained.
He noted that the free zone would offer a wide range of infrastructure including gas and power supply, water treatment facilities, green spaces, wide internal roads, banks, hospitals, police and fire stations.
Out of the 370-hectare site designated for the project’s first phase, 115 hectares have already been leased to six companies, with over 100 more businesses expected to come on board. Sane said that beyond the physical infrastructure, what ultimately attracts investors is profitability. “And this can be done with the physical benefits they get,” he said.
