The Lee Group of Companies is spearheading a $1.8 billion industrial park along the strategic Lagos-Ibadan Expressway in Ogun State, designed to host over 29 manufacturing plants and create more than 2,500 direct and indirect jobs. The groundbreaking ceremony for the 450-hectare facility, known as the First Industrial Park, is scheduled for Thursday, November 12, 2026, within the Sagamu and Obafemi-Owode local government areas. The massive project boasts a projected gross development value of $3 billion and aims to significantly boost the nation's production capacity.
What businesses and facilities will be hosted at the park?
The development is tailored to accommodate a diverse range of industrial operations, spanning soap and detergent formulation, PVC leather production, footwear manufacturing, mould fabrication, food processing, cosmetics, and recycling ventures. In addition to the manufacturing plants, the integrated ecosystem will feature administrative offices, residential quarters, dedicated power and utility stations, financial institutions, shopping complexes, showrooms, bonded warehouses, and heavy-duty truck parking terminals. Conference centres and recreational amenities are also incorporated into the master plan to ensure a fully functional commercial environment.
Who are the key figures expected at the groundbreaking?
Ogun State Governor, Prince Dapo Abiodun, will lead the groundbreaking rites on November 12, 2026. Dignitaries slated to grace the occasion include former President Olusegun Obasanjo, the Minister of Trade and Investment, captains of industry, traditional rulers, and members of the diplomatic corps. A notable participant is Aspira Products, a subsidiary of Lee Group recognized as a leading detergent manufacturer in West Africa, which intends to set up its regional headquarters within the estate.
Why is the location considered strategic?
Situated along the vital Lagos-Ibadan Expressway near the Sagamu Interchange, the industrial hub offers exceptional connectivity to major domestic markets, transport corridors, and logistics networks. This geographic advantage facilitates the seamless movement of raw materials and finished goods, while catalysing auxiliary economic activities in host communities—such as freight services, hospitality, vehicle maintenance, and fuel distribution.
How will the project impact the local economy?
Beyond the initial 2,500 jobs projected upon completion, construction activities and auxiliary supply chains will generate extensive employment for skilled and unskilled labourers, youths, and women. Small and medium-sized enterprises stand to benefit through supply contracts, while the concentration of multinational and regional industries is expected to quicken technology transfer and enhance technical proficiency across the region. Furthermore, developers have integrated a sustainability framework focusing on resource efficiency, waste management, and community engagement to ensure responsible industrial growth.