This was made known by the Vice President, ARISE IIP, Suren Abeywickrema, on Wednesday 8th August, during a meeting with the Chief Economic Adviser to the Governor, Mr. Dapo Okubadejo, on a feasibility tour of the Zhinks group to Ogun State, saying the tour saw the convergence of vision and aspirations, with both parties recognising the immense potential for economic expansion through this collaboration.
Suren said the economic landscape of Ogun State is poised for an extraordinary transformation as the partnership was engineered not only to overcome logistical challenges but also amplify economic growth, which serves as a testament to the state's prowess in attracting diverse investments.
He noted that by establishing a presence in Ogun State, the Chinese company aims to leverage the State's advantageous location and transport infrastructure, enabling them to significantly reduce delivery times and enhance customer satisfaction.
Speaking, the representative of Zhinks Group, Mr. Bolly Tan, said the company brings to the table a wealth of experience and expertise in the manufacturing sector, with a specialisation in textiles and chemicals, adding that the company has garnered a formidable reputation for its high-quality products, innovative techniques, and cutting-edge technology, however, despite its prowess, it has been grappling with the challenge of extended delivery times due to its geographical location.
He said their company's decision to invest in Ogun State was aimed at emulating Arise IIP's remarkable success, which has set a precedent for thriving businesses within the state, and the need to reduce delivery times ,adding that establishing proximity to customers was a driving factor in their comprehensive feasibility study, which reinforced the state's conducive business environment and its commitment to fostering growth and innovation.
While receiving the delegates, the Chief Economic Adviser, Mr. Dapo Okubadejo, expressed enthusiasm for the partnership, lauding it as a testament to the state's investment-friendly policies and conducive business environment, adding that the new chapter in Ogun State's economic development holds the potential to not only create job opportunities but also strengthen the state's position as a hub for manufacturing and trade.
Okubadejo stated that the ARISE IIP introduction of the new investment company from China solidifies the company's commitment to Ogun State's growing industrial sector as the alliance was not just an entryway for the Chinese partner into the Nigerian market but a holistic partnership that reflects the convergence of business visions, innovation, and a shared objective of bolstering Ogun State's position as a conglomerate of manufacturing companies both locally and internationally drawn by its competitive and comparative advantages.
"Addressing the challenges of bureaucracy head-on, the state also formed a Business Environment Council. This council's purpose is to alleviate bottlenecks and eradicate red tape, effectively paving the way for seamless investment inflows into Ogun State. This commitment to efficiency is a reflection of Ogun State's determination to create an ecosystem that nurtures innovation, growth, and development," he said.
Okubadejo stated further that the creation of six distinct economic clusters within the state underscores the administration's ambition to transform Ogun State into an industrial hub that transcends its current potential. These clusters, strategically positioned to harness local resources and talent, will foster a diversified economic landscape that stimulates growth across multiple sectors.
