…Gov Abiodun To Commission Plant Next Year
The President of Inner Galaxy Group, Mr. Li Shuang, on Tuesday disclosed that his company was ready to set up a $400 million hot rolled coiled steel factory with the capacity to employ about 6,500 workers in Ewekoro Local Government Area of Ogun State.
Shuang made this dislcosure when he led a delegation of the company on a courtesy visit to the State Governor, Prince Dapo Abiodun, in his office at Oke-Mosan, Abeokuta.
The industrialist explained that the company, a multinational firm with investments in Asia, the Philippines, Malaysia, and some African countries like Ghana and Angola, which made its foray into the Nigerian market in 2005, producing iron rods for the building industry, would commence operations in April 2026.
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In his remarks, the state governor expressed delight in the huge investment, ascribing the feat to his administration’s deliberate and intentional move to make the state the leading industrial hub in Nigeria and the West Africa sub-region.
Abiodun enthused: “This is a $400 million investment; this aligns with the President’s vision to ensure that we grow this economy to a trillion dollars, and I think that you will be contributing your quota in achieving that. We are excited that you will also be employing people.
“I will be commissioning a multimillion-dollar diagnostic equipment facility during the week. This administration has managed to attract quite a lot of industries in the last six years,” Abiodun said.
The governor noted that the state remained blessed with abundant human and natural resources, adding that alluvial gold had been discovered in large quantities, just as the state has the highest quality of lithium.
He said: “I think it may interest you to know that we also have lithium in Ogun State; the lithium in Ogun State is meant to be the highest quality in Nigeria. So, it may be something you might want to also discuss.
“We are number one in non-oil revenue in Nigeria because two-thirds of the state sits on limestone. We have a lot of limestone here; we are actually number one in cement production in Sub-Saharan Africa, and we are number three in all of Africa,” the governor added
Abiodun explained that his administration had put in place an integrated ecosystem of infrastructure to support investments coming into the state, emphasizing that required infrastructure like roads, rail, air, affordable housing accommodations, medical infrastructure, and schools have been made available in the state.
Photo Caption
L-R: President, Inner Galaxy Group, Mr. Li Shuang; Ogun State Governor, Prince Dapo Abiodun and the company’s Vice-President, Mr. Jackie Chen, during the visit on Tuesday to the governor in his office at Oke-Mosan, Abeokuta
