Mamuda Group To Invest $50 Million In Beverage Plant, Create 1,500 Jobs In Ogun

Ogun State is set to witness another wave of industrial expansion as Mamuda Group of Companies announces a $50 million investment in a new beverage manufacturing plant, projected to generate over 1,500 jobs upon completion.

The Chairman of the company, Mr. Hassan Hammoud, made this known during a courtesy visit to Governor Dapo Abiodun at the Governor’s Office, Oke-Mosan, Abeokuta, on Tuesday. He said the decision to site the factory in Ogun was influenced by the state’s thriving business environment and investor-friendly policies.

Mr. Hammoud lauded the Abiodun-led administration for laying a solid foundation for industrial development, saying Ogun State now stands out as a preferred destination for investors across the region. He added that the group is committed to contributing to Nigeria’s economic growth by delivering quality products and creating sustainable employment.

According to him, the groundbreaking ceremony for the beverage plant is expected to take place within the next month, with the facility scheduled for completion within a year.

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Governor Dapo Abiodun, while receiving the delegation, expressed appreciation to Mamuda Group for choosing Ogun as the host for their latest investment. He highlighted the administration’s strategic focus on economic diversification and infrastructure development as key drivers of the state’s emergence as the industrial heartbeat of Nigeria and the West African sub-region.

The governor reaffirmed his government’s readiness to provide all necessary support, including infrastructure and logistics, to facilitate the swift execution of the project.

“With our integrated infrastructure plan and deliberate economic policies, Ogun remains committed to attracting quality investments that will improve livelihoods and promote sustainable development,” Abiodun said.

The Mamuda Group is one of Nigeria’s leading conglomerates with interests spanning manufacturing, agriculture, and consumer goods.