Taiwanese multinational and global electronics powerhouse, Foxconn, has set its sights on Ogun State as a potential hub for manufacturing and technology investment in West Africa.
The company, known globally as the world’s largest contract electronics manufacturer, made its intentions known over the weekend when a high-level delegation visited Governor Dapo Abiodun at the Gateway City Gate Interchange, along the Abeokuta-Sagamu Expressway.
Leading the delegation, Mr. Vincent Lee, AVP of Corporate Business Development, Chairman’s Office at Foxconn, revealed the company’s interest in exploring business opportunities in the state with a view to establishing operations.
“We are here in Ogun State today to meet with Mr. Governor to discuss investment opportunities that will lead to establishing our business here in Ogun State,” said Mr. Lee.
He noted that Foxconn generates over $200 billion in annual revenue and employs thousands across its global facilities. The company specializes in smart manufacturing, technology infrastructure, and industrial development, making it a strategic partner for economies seeking rapid industrialization.
Governor Dapo Abiodun welcomed the delegation, highlighting the state’s transformation into Africa’s emerging powerhouse for investment and ICT development. He attributed the growth to wide-ranging reforms and the creation of a business-friendly environment under his administration.
According to the governor, Ogun’s economic model prioritizes sustainable revenue generation and private sector capital over reliance on federal allocations.
“By unveiling the State’s tech hubs, supporting digital entrepreneurs, and encouraging partnerships with international firms, Ogun has aligned itself with global trends in digital competitiveness and innovation,” Governor Abiodun said.
He added that the government’s use of ICT to automate revenue processes and expand its digital economy has positioned Ogun as a leading example for other sub-national governments in Nigeria.
The governor also emphasized that the State’s strategic location, robust industrial base, skilled workforce, and transparent policy framework have contributed to increasing investor confidence. One such initiative is the use of advanced geo-mapping systems for land allocation, which has improved transparency, reduced fraud, and enhanced investor trust.
“By actively engaging investors and highlighting Ogun’s unique advantages… I demonstrate a relentless commitment to showcasing the State’s investment opportunities to the global community,” he stated.
Governor Abiodun, who refers to himself as the “Chief Marketing Officer” of Ogun State, called on both local and international investors to take advantage of the opportunities the state offers. He reaffirmed his administration’s commitment to positioning Ogun as Nigeria’s industrial and technological gateway.
“By leveraging private investors’ acumen and a forward-looking development strategy, Ogun has emerged as a shining example of how sub-national governments can thrive in a challenging economic environment,” he said.
Other Foxconn executives who joined the investment exploratory mission include Mr. Jesse Chao, Senior Director, Corporate BD Chairman Office and Mr. Brian Chen, Counselor, Government Relations.
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