Mamuda Group Nigeria Limited, via its subsidiary Mamuda Beverages, is investing $50 million in a new industrial facility in Ogun State.

The facility will focus on food production, personal care products, and agro-processing.

This was disclosed by the Governor of Ogun State, Prince Dapo Abiodun, on his official X handle on Tuesday.

Governor Abiodun hailed the investment as a significant step in advancing the state’s industrialisation agenda, announcing that construction will kick off with a foundation-laying ceremony slated for next month.

“We are proud to welcome a $50 million investment by Mamuda Group Nigeria Limited through its subsidiary, Mamuda Beverages, into Ogun State.

“This project, set to begin with the foundation laying next month, marks a significant milestone in our ongoing efforts to make Ogun the top destination for industrial growth in Nigeria. The investment will unfold in phases, eventually including operations in food, personal care, and agro-processing,” Abiodun stated.

Mamuda Group Chairman, Mr. Hassan Hammoud, stated that the company—currently employing over 13,000 people in Kano—plans to replicate similar employment figures in Ogun State.

The new investment will initially create 1,500 jobs, with projections to expand the workforce to 3,000 in the first phase of operations.

“Mr. Hammoud stated that the foundation stone for the new facility will be laid next month and that the investment will unfold in phases, eventually expanding into other sectors such as food processing, personal care, and agro-processing. He added that the group, which currently employs 13,000 people in Kano, aims to replicate similar workforce numbers in Ogun over the next five to six years, starting with 1,500 employees and expanding to 3,000 after the plant’s first phase,” he said.

Mr. Hammoud emphasized Ogun State’s strategic location near major markets like Lagos and the South-West corridor, positioning it as an ideal hub for regional distribution and production.

This investment aligns with Ogun State’s broader strategy to develop a sustainable industrial ecosystem by attracting major investors and supporting them with investor-friendly policies and strong infrastructure.

Governor Abiodun said the state’s proximity to key cities and trade routes gave it an edge.

“We are pleased that our administration’s commitment to creating a business-friendly environment is attracting major investors. As Mr. Hammoud noted, Ogun’s strategic location, bordering Lagos and connecting to Ibadan and Benin, makes it ideal for regional distribution and production. Our open-door policy and investor support structures continue to set us apart,” he said

The governor emphasized ongoing efforts to improve logistics and lower operational costs for businesses in Ogun State.

“To further support growth, we’ve developed key infrastructure like Nigeria’s best-equipped airport and a licensed dry port linked to the rail line.

“These facilities will streamline importation and logistics, cutting delays and costs. With tools like our Business Environment Council, we are not only attracting investment, we are building lasting confidence in Ogun State’s economic future,” he said.

In a bid to boost industrial growth and strengthen energy infrastructure, the Ogun State Government entered into a strategic partnership with Ambar Energia, a leading Brazilian energy firm, in March 2025. The collaboration aims to enhance power supply and bolster food security in the state.

The governor underscored the urgent need for reliable electricity to support over 6,000 industries operating in Ogun, noting that current energy allocations fall short of meeting the state’s growing demand.