Why You Need To Invest In Real Estate In Ogun State
Tobi Azeez 
To invest in real estate in Ogun State really requires one to have a background understanding of the geographical features of this location. From a recent interview with Leadership Weekend, the Governor Dapo Abiodun of Ogun likened the state to New Jersey in the US. This follows his argument that Lagos State being the fifth largest economy in Africa, and still remains the economic capital of Nigeria and financial nerve center.
The Governor claimed that Ogun, being the closest neighbor to Lagos State, can be imagined as the New Jersey of Nigeria. What New Jersey is to New York is what Ogun State is to Lagos State. So, the state represents the overflow of Lagos.
This blog post will show you three(3) reasons you should invest in real estate in Ogun State
The State Mantra – “ISEYA”
The first thing to know about Ogun State is its Mantra, the implementation pillar, which is “ISEYA” – I for Infrastructure, S for Security and Social Welfare, E for Education, Y for Youth Empowerment and Job Creation and A for Agriculture. Purposely to create an enabling environment for people to come and work, live, invest and play.
For instance, the need to maximize proximity to Lagos has boosted the focus on infrastructural and real estate developments. Surprisingly, this has so far led to the construction of over 400 kilometers of highways and various residential estate within the state.
Doing this, the roads are much more motorable and the distance between Lagos and Ogun state has reduced drastically to less than an hour as against two-three hour travel before.
Let’s imagine a state having such politically ambitious goals to improve life, welfare and economy. Simply, no one should underestimate the possibility of this projection in a state with such prospects.
Ogun’s Strategic Location and Landmass
The underlying masterplan of the current administration is to “transform the state into an invest hub for manufacturing and agro-processing.”.
The state is described as the New Jersey of Nigeria because of its absolute proximity to Lagos. Ogun measures a total of 16,000 square kilometers in size. By arithmetic, this is about four times the size of Lagos State. Wow!
The point? It is almost impossible to travel to any part of the country without going through Ogun State, either by land or sea or air. So, that in itself represents a comparative advantage over other states. State is also a neighbor to the sub-African region through the Republic of Benin.
As of today, many companies, industries, manufacturers are patronizing the Ogun State for years. And the primary reason is, one, Lagos State houses the busiest airport and the busiest sea ports. These companies are able to bring their raw materials in from Lagos to Ogun State, process it, distribute back to Lagos or other parts of the country.
So, beyond the convenience of being close to the busiest sea port and the financial capital, industries have found their home here because they have access to power through natural gas.
The Multimodal Transportation Masterplan
As of today, some people might still wonder if truly an airport is seated in Ogun State. Well, you should keep abreast now that the state has built a world class Airport in Ikenne Local Government between Ilishan and Iperu.
This new development is captured in the state’s transportation masterplan being a key enabler for various industries to thrive. This masterplan defined the connection among roads, rail and air transportation. The implementation has begun for four years and few months down the road.
Developments like this make it believable that this state is one of the leading states in Nigeria and, undoubtedly has the potential to reach the peak in no time.
To conclude, Ogun State has investment prospects and competitive advantages over many states in Nigeria. It is therefore wise for to invest in real estate in Ogun State to pick your location of investment right for better, quicker and profitable returns on your real estate investments.
