“That day, we signed two agreements: one for the Deep Sea Port and the other for the Ogun Blue Marine and Special Processing Zone. These combined agreements translate to an investment of about $7 billion of private capital, with no government investment,” he stated.
The governor added that the proposed $10 billion OgunLNG venture, being developed with the involvement of the Nigerian National Petroleum Company Limited (NNPC), would additional strengthen the state’s funding prospects, whereas the Lagos-Calabar Coastal Highway would improve connectivity and open up new financial corridors.
He stated the convergence of those main initiatives had considerably elevated buyers’ curiosity in Ogun, with the state witnessing rising strain from potential buyers searching for to set up companies and benefit from the rising alternatives.
Abiodun famous that his administration’s funding in infrastructure, human capital growth and the availability of an enabling enterprise setting since 2019 had laid the muse for the state’s rising financial profile.
Reviewing his administration’s achievements, the governor disclosed that over 1,700 kilometres of roads had been constructed or rehabilitated throughout the state, with substantial interventions additionally undertaken in healthcare, schooling, agriculture, electrical energy and safety.
He listed the Gateway Medical Centre of Excellence, the rehabilitation of greater than 1,600 public faculties, the recruitment of over 6,000 lecturers and assist for 1000’s of farmers among the many main interventions undertaken by his administration.
On electrical energy, Abiodun disclosed that energy crops had been put in in Abeokuta, whereas comparable amenities can be established in Ijebu-Ode and Remo to enhance electrical energy provide, stimulate business actions and assist industrial growth throughout the state.
He particularly highlighted the administration’s interventions in Ijebu Division, together with the reconstruction and rehabilitation of roads in Oru, Awa, Ilaporu, Ago-Iwoye, Eruwon and Atan, amongst different communities.
In Ijebu-Ode, he stated, the federal government had constructed 26 roads, reflecting its dedication to enhancing connectivity and opening up communities to financial alternatives.
The governor described the city corridor assembly as notably vital, being the final of such finances consultations to be held by his administration, and a possibility for residents to make significant contributions to the priorities and course of the 2027 fiscal plan.
He stated the finances can be anchored on the state’s 2027–2029 Medium-Term Expenditure Framework, with emphasis on practical spending, the completion of ongoing initiatives, the supply of important providers and investments that might generate sustainable financial development.
“My responsibility is to present a realistic and transparent budget that will complete all ongoing projects and provide essential services,” he stated.
Abiodun expressed appreciation to the folks of Ogun State for his or her cooperation and assist over the previous seven years, assuring them that his administration would stay targeted on delivering its commitments till the top of its tenure.
He additional burdened the significance of sustaining authorities insurance policies and programmes past his administration, noting that growth ought to be a steady course of moderately than one tied to a specific authorities.
The governor urged conventional rulers, neighborhood leaders, spiritual organisations, skilled our bodies and different stakeholders to actively take part within the finances preparation course of by figuring out the particular developmental wants of their communities and providing sensible suggestions.
He assured contributors that submissions made on the assembly can be fastidiously thought of within the preparation of the 2027 finances.
Abiodun, nonetheless, defined that proposals that might not be accommodated within the 2027 fiscal doc can be documented as an annexure and transmitted to the incoming administration to be sure that official neighborhood wants and growth priorities weren’t misplaced within the transition.
He reiterated his administration’s dedication to inclusive governance, equitable growth and the creation of financial alternatives that might enhance the dwelling circumstances of residents throughout the state.
Earlier in his opening remarks, the Chief Economic Adviser and Commissioner for Finance, Mr. Dapo Okubadejo, stated the federal government’s growth agenda was centred on infrastructure provision, improved entry to important providers and the creation of an enabling setting for financial actions and particular person prosperity.
Okubadejo described governance as a shared duty and urged residents to accomplice with the federal government in making certain that the state’s sources have been deployed to areas the place they might ship the best advantages to the folks.
