The Executive Chairman of Obafemi Owode Local Government, Amb. Adesina ‘Lanre Ogunsola, FCPA, has hosted a delegation of Chinese investors at his office in Owode-Egba, following his participation in the International Friendship Partners Conference held in Jiangxi Province, China, in September 2026. The visit marks a significant step towards strengthening international economic relations and attracting foreign investments to the local government area.
Welcoming the delegation, Amb. Ogunsola commended the investors for considering Obafemi Owode Local Government as a potential destination for their proposed industrial investments. He reaffirmed his administration’s commitment to creating an enabling environment for businesses to thrive and promoting industrial development across the local government.
The Council Chairman described Obafemi Owode as an emerging industrial hub in Ogun State and a strategic gateway to other states in Southwestern Nigeria. He identified its proximity to major commercial centres, availability of essential raw materials, strategic location and enormous economic potential as factors that make the local government attractive to both local and international investors.
Speaking on behalf of the delegation, Mr. Tony Xu Dao Zhu, Chief Executive Officer of Realink Metals, informed the Chairman of the company’s readiness to establish a factory in Nigeria, with Obafemi Owode Local Government being considered as a potential investment destination.
According to Mr. Xu Dao Zhu, the proposed investment will focus on the production of solar streetlights and aluminium recycling. The initiative is expected to contribute to industrial development, create employment opportunities and stimulate economic activities within the local government and beyond.
He further explained that the delegation’s visit was aimed at inspecting potential sites, formalising necessary arrangements, initiating relevant documentation and assessing the suitability of the area for the proposed investment.
The visit represents a follow-up to the international engagement in Jiangxi Province, China, and underscores ongoing efforts to explore mutually beneficial investment opportunities between Obafemi Owode Local Government and international business partners.
Amb. Ogunsola assured the delegation of his administration’s readiness to provide the necessary support and facilitate relevant documentation and government approvals required to advance the proposed investment. He reiterated his commitment to attracting investors whose businesses would promote industrialisation, generate employment and improve the livelihoods of residents.
The proposed investment, when fully realised, is expected to strengthen the local government’s industrial base, encourage technology transfer, create jobs and contribute to sustainable economic growth.
Members of the Chinese delegation included Mr. Hui Zhong, Mr. Ken and their interpreter, Miss Folake.
OGUNSOLA JOINS GOVERNOR ABIODUN TO COMMISSION $60 MILLION FOOD-GRADE RECYCLING FACTORY IN OBAFEMI OWODE
In a related development, Amb. Adesina ‘Lanre Ogunsola, FCPA, joined the Ogun State Governor, His Excellency, Prince Dapo Abiodun, CON, MFR, at the commissioning of the $60 million Food-Grade Recycling (rPET) Plant owned by Polysmart Packaging Limited.
The facility, described as Africa’s largest food-grade rPET recycling plant, is strategically located at KM 53, Lagos-Ibadan Expressway, Ileke Town, within Obafemi Owode Local Government Area.
Speaking at the commissioning ceremony, the Honourable Commissioner for Agriculture and Food Security, Hon. Bolu Owootomo, who represented the State Governor, commended the company for its initiative in transforming waste into wealth through recycling and sustainable industrial practices.
He encouraged the company to maintain high standards of production, noting that Ogun State remains an attractive destination for industrial investments because of its numerous economic opportunities and development potential.
The Commissioner also urged Polysmart Packaging Limited to promote local market patronage and assured investors that the Ogun State Government remains open to individuals and corporate organisations interested in investing in the state.
In his welcome address, the Managing Director and Chief Executive Officer of Polysmart Packaging Limited, Mr. Wasiu Abolaji Balogun, disclosed that the company commenced operations in 2013 with an initial capital of just ₦2 million, driven by the conviction that discarded plastic materials were not waste but valuable resources in the wrong place.
He explained that Polysmart Packaging Limited had operated in the bottle-to-bottle recycling business over the years, establishing itself as one of the pioneers in Nigeria’s rPET industry.
Describing the expansion as a major commitment to Nigeria’s industrial future, Mr. Balogun stated:
”This plant represents an investment of US$60 million in expansion. It is not just money. It is US$60 million of belief in Nigeria, in our people and in a clean future.”
He further disclosed that the expansion would generate thousands of direct and indirect employment opportunities for Nigerians, including engineers, technicians, machine operators, quality analysts, drivers, logistics personnel and collection agents across communities in the country.
The chairman in his keynote address expressed appreciation to the Governor of Ogun State,His Excellency Prince Dapo Abiodun CON for his efforts in facilitating investment to Obafemi Owode Local Government and admonished the management of Polysmart to employ more of indigenes,while assuring of providing maximum support, security and enabling environment for industries to strive.
The commissioning of the Polysmart Packaging Limited facility, alongside the proposed investment by Realink Metals, further highlights the growing interest of local and international investors in Obafemi Owode Local Government.
These developments align with the administration’s commitment to positioning the local government as an investment destination, expanding economic opportunities, encouraging industrial growth and improving the standard of living of residents.
At the event we have ,His Imperial Majesty, Ooni of Ife,Oba Adeyeye Enitan Ogunwusi Ojaja II, representative of the Governor of Lagos State, and other dignitaries.
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