Ogun State Governor, Prince Dapo Abiodun, has announced that the state’s economy has expanded fourfold in six years, growing from N3.5 trillion in 2019 to N16 trillion in 2025.

The governor made the disclosure while receiving executives of the Dubai-based Mac Group, led by Strategic Advisor Fayad Fayad and Public Relations Officer Hassan Fayad, at his office in Oke-Mosan, Abeokuta.

During the visit, the group pledged to invest between $1.8 billion and $2.5 billion in a hospitality and entertainment project, including a Disneyland-style resort — the first of its kind in Africa.

Governor Abiodun highlighted the state’s economic strides, citing the revitalisation of Olumo Rock in Abeokuta. He revealed that the historic tourist attraction, which previously generated about N20 million annually, now records the same amount weekly following its renovation.

“We are one of the two best-performing states in Nigeria and the fastest-growing economy in the country,” Abiodun stated. “Our economy between 2019 and 2025 has quadrupled from N3.5 trillion to N16 trillion.”

The governor added that Ogun offered a competitive advantage for investors, boasting vast land, robust infrastructure, and human capital.

Fayad Fayad said the multibillion-dollar investment would transform Ogun into a leading entertainment and leisure hub.

“This is the first project, worth between $1.8 billion and $2.5 billion, and it will include a Disneyland resort, hotels, parks, and water attractions,” he said. “We see the vision, the leadership, and the growth of the economy. Together with Ogun State, the sky is the limit.”

Source: Newsmakerslive