Ogun State Governor Dapo Abiodun is confident of more jobs and tax revenue following the inauguration of Tropical General Investments (TGI) Group’s expanded state-of-the-art Sagamu Factory Complex housing WASIL Limited and WACUB Limited.
The January 9 inauguration was also attended by Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, and other industry stakeholders at the firm’s Flowergate Mixed Development Complex, Sagamu.
Governor Abiodun described TGI Group as a classic example of the state’s success.
He said: “You are a reference point in the industry, a shining example of Foreign Direct Investment coming to Nigeria and doing things excellently.”
The governor added that the project attests to the state’s vision to create an enabling environment for private investors, leading to an improved economy and the people’s standard of living.
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“If we are not genuinely implementing that vision, you won’t be expanding capacity here. The Group has also tried to reduce the state’s unemployment rate. By this project, there would be more employment for citizens and an increase in taxable citizens,” he added.
The minister’s visit to the complex was part of the first phase of her nationwide tour of manufacturing facilities as she rolls out the ministry’s Strategic Roadmap.
While inaugurating the new extension of WACUB Limited, makers of Terra Seasoning Cubes, she commended TGI for its significant contributions to employment and Nigeria’s economic development.
She said: “I am delighted and happy that we are witnessing this expansion of our industries. I specially want to applaud Governor Abiodun for making this happen. President Bola Tinubu knows about the challenge of unemployment, pressure on manufacturing and economic diversification, and is determined to tackle it conclusively. The cost of inaction is high, and we cannot afford it. This project will go a long way in addressing some of these challenges. We appreciate TGI for this project and for being futuristic.”
Group Managing Director of TGI Group, Rahul Savara, said: “It is our distinguished honour and privilege to have the two of you together to see what is happening here formally and also to open some of our expansions that have happened in the recent past. Thank you very much for coming. We appreciate your visit.”
Executive Director and Vice Chairman of Africa, TGI Group, Farouk Gumel, expressed the conglomerate’s gratitude to the governor and the minister.