Mamuda Group Nigeria Limited is set to invest $50 million in Ogun State, further strengthening the state’s position as a top destination for foreign direct investment (FDI) and manufacturing clusters near Lagos. The investment will come through one of its subsidiaries, Mamuda Beverages, marking a significant entry into the Southwest’s expanding agro-processing opportunities and consumer goods market.
The Chairman of the Group, Mr. Hassan Hammoud, made this known during a courtesy visit to the Ogun State Governor, Prince Dapo Abiodun, at his office in Oke-Mosan, Abeokuta. He noted that the foundation stone for the Mamuda Beverages plant would be laid soon, signifying the group’s commitment to long-term expansion in the region.
Hammoud disclosed that the company intends to establish its investment in stages, with other areas of interest including food processing and personal care products. He emphasized that Ogun State’s business environment and proximity to key logistics routes made it the ideal choice for their next phase of growth.
"Mamuda Group is based in Kano. We operate Mamuda Industries, Mamuda Agro, Mamuda Foods, Mamuda Beverages, and Mamuda Care, with over 13,000 employees. If we have that number in Kano, we believe Ogun can match or even exceed it within the next five to six years," he said.
According to Hammoud, the initial phase of operations in Ogun will generate approximately 1,500 jobs, with projections to expand to over 3,000 workers as production scales. The group’s entry aligns with the state’s strategic push to attract investors into industrial estates in Ogun State and diversify its economic base.
He commended the Governor for creating one of the most business-friendly states in Nigeria, adding that the location offers a clear advantage. "You have Lagos on one side and the Ibadan–Benin corridor on the other. If you want to cover the Southwest, you have to be in Ogun. The market is huge, and it makes sense for production to happen here," he said.
In response, Governor Dapo Abiodun reaffirmed his administration’s commitment to improving the ease of doing business in Ogun State, pointing to ongoing reforms in land administration, investor services, and regulatory facilitation. He highlighted that the state had built the best-equipped airport in the country, located in a fast-growing industrial zone, with a licensed dry port expected to commence construction soon, both designed to support FDI opportunities in Nigeria.
"We’re ensuring investors can clear goods directly in Ogun without the delays of Lagos. The airport and dry port, combined with our infrastructure push, will make Ogun the most competitive location for large-scale manufacturing and distribution," the Governor said.
He also mentioned that the Business Environment Council, created by his administration, has helped instill confidence in both new and existing investors, making Ogun the preferred choice for anchor investor programs in Nigeria.
With this new development, Mamuda Group joins a growing list of manufacturers leveraging Ogun’s one-stop investment center, strategic location, and supportive policies, reinforcing its status as Nigeria’s gateway for industrial and agro-processing growth.
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