In a significant boost to Ogun State’s industrialization drive, the Mamuda Group Nigeria Limited has announced a $50 million investment into the state through its subsidiary, Mamuda Beverages. The investment, which signals growing investor confidence in the state’s business climate, is set to kick off next month with a formal groundbreaking ceremony.
The project, which will be developed in phases, is expected to encompass a wide range of operations spanning the food and beverage sector, personal care products, and agro-processing. When fully operational, the initiative will become one of the largest private-sector investments in the state’s recent history.
Governor Dapo Abiodun’s administration, which has been actively courting industrial players through its investor-friendly policies, described the development as a resounding endorsement of Ogun’s growing reputation as Nigeria’s next industrial powerhouse. The governor’s office confirmed that the new facility will commence with an initial workforce of 1,500 employees and is projected to scale up to 3,000 jobs as operations expand.
Mamuda Group, a diversified conglomerate headquartered in Kano, is already a household name in sectors ranging from leather exports and agro-sack production to confectionery, beverages, and personal care. The company currently employs over 13,000 people nationwide. Its decision to expand into Ogun represents a strategic move to tap into the region’s robust infrastructure and proximity to major commercial hubs.
During a briefing, the Chairman of Mamuda Group, Mr. Hassan Hammoud, cited Ogun’s strategic location—bordering Lagos and with road access to Ibadan and Benin—as a key factor influencing the investment decision. He also praised the state government’s open-door policy and streamlined investor engagement process, which he described as “encouraging, efficient, and progressive.”
“Ogun offers an ideal environment for regional distribution and large-scale manufacturing. The support we’ve received from the government has been exceptional, and we look forward to a long, impactful presence in the state,” Hammoud stated.
Governor Abiodun, in response, reaffirmed his administration’s commitment to job creation and economic diversification. “This partnership with Mamuda is not just about investment—it’s about putting our people to work, building value chains across agriculture and industry, and positioning Ogun State as the undisputed hub for manufacturing in Nigeria,” the governor said.
The announcement comes at a time when Ogun State is aggressively expanding its industrial base, already home to several large-scale manufacturers in sectors such as cement, steel, FMCGs, and pharmaceuticals. The Mamuda investment is expected to catalyze more inflows, particularly from northern-based companies seeking southern expansion.
As Ogun continues to attract major capital projects, the state government has reiterated its commitment to providing stable infrastructure, policy stability, and ease of doing business. The Mamuda project, once completed, is poised to become a flagship example of what strategic investment partnerships can achieve in Nigeria’s evolving economic landscape.
