‘$500m Investment Underway in Ogun’

The paper industry in Ogun State is about to get a big boost as the Dahua Paper Company Nigeria Limited, Owiwi in Ewekoro Local Government Area of the State says it is set to invest $500 million on tree plantation for paper production in the state.
 
A working Partner in the company, Prince Bayo Ikujenyo made this known when the State Commissioner for Industry, Trade Investment, Mrs. Kikelomo Longe, and her team visited the company stating that the project which would be a 10,000-hectare tree plantation is segmented into the cultivation of 2,500 hectares of trees annually for four years.
 
He was quoted in a statement signed by the Press Officers, Ministry of Industry, Trade and Investment, Ogun State, to have said the company had sought the approval of the state government for the 10,000 hectares of land needed adding that with the project, ” a minimum of 5,000 workers would be directly employed and two million indirect jobs would be created…
 
More details through:
https://www.thisdaylive.com/index.php/2021/05/31/500m-investment-underway-in-ogun/