Toyota motors and other four Japanese and Korean automobile brands have concluded arrangements to locate assembly plants at Kobape on the outskirts of Abeokuta in Obafemi-Owode local government area of Ogun state.
This was the declaration of Governor Ibikunle Amosun on Tuesday at the 2015 Ogun State Budget Town Hall Meeting held in Abeokuta, adding that the foreign automobile companies are in the last stage of perfecting their documents to commence operations in the State.
Governor Amosun, who expressed satisfaction for the choice of Ogun state by these automobile companies, explained that the location of both local and foreign industries to the State in recent times, “is a testimony to the latest ranking by the World Bank report on doing Business in Nigeria which listed Ogun as one of the five most improved states in Nigeria.”
He explained that State’s present economic move was targeted at domesticating larger percentage of capital flight and expenditure spent by both public and private sectors of the State’s economy, saying the localisation of many manufacturing industries to the State “would definitely make Ogun State, the next economic centre of Nigeria.”
