Ogun State has attracted a new $250 million investment in agriculture as Pure Dairy Herds announced plans to establish a major dairy farm in the state.
The company's representative, Farouk Gumel, disclosed this after a meeting with Governor Dapo Abiodun in Abeokuta on Tuesday.
Gumel said the project will be developed in partnership with international experts to increase local milk production and support Nigeria's agricultural value chain.
He added that the company has completed the acquisition of land in Ogun West Senatorial District, clearing the way for work on the project to begin.
According to him, Ogun State was selected because of its business-friendly policies, infrastructure development, and favourable environment for investors. He also commended the host communities for their cooperation.
Gumel said the company already operates in Ogun and described the new project as a reflection of its positive experience in the state. He noted that the initial investment is valued at $250 million and could increase as the project expands.
He further revealed that a groundbreaking ceremony for the dairy farm is expected within the next two to three weeks.
The project is expected to boost local dairy production, create jobs, and stimulate economic activities in Ogun West.
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