The federal government declared its commitment to addressing the challenges of unemployment, foreign exchange pressure, and economic diversification as part of comprehensive efforts to stabilize Nigeria's economy. During the commissioning of two new factories and the extension of the Tropical General Investment Group (TGI) in Sagamu, Ogun State, Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, highlighted the government's dedication to encouraging industrialization and supporting economic recovery.
"The challenge of unemployment, pressure on foreign exchange, and economic diversification is one that President Bola Ahmed Tinubu is determined to tackle conclusively. Manufacturing and value chain addition is necessary for the overall development of our country. There is no way around it; the cause of inaction is huge and we cannot afford it," said Dr. Uzoka-Anite.
Ogun State Governor, Dapo Abiodun, commended the TGI Group for its corporate social responsibility and success as a reference point for industry and foreign direct investment. Governor Abiodun highlighted the state's improved ranking in the ease of doing business index and expressed pride in the state's association with TGI.
"If we had not increased the ranking of the state on the ease of doing business index, you wouldn’t be expanding your business, you are a testament to the fact we are truly working the talk and we are proud to be associated with you," stated Governor Abiodun.
He emphasized the state's commitment to infrastructure development and announced the imminent commencement of operations at the Agro Cargo Airport constructed by the administration. The Executive Director, Food Distribution, TGI, Mr. Roy Deepanjan, highlighted the company's local sourcing of approximately 80% of raw materials and expressed pride in the association with Ogun State.
