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Lee Group of Companies says its planned First Industrial Park in Ogun State is expected to accommodate more than 29 manufacturing factories and create over 2,500 direct and indirect jobs. The $1.8 billion, 450-hectare project is being developed along the Lagos-Ibadan Expressway within Sagamu and Obafemi-Owode local government areas, with a groundbreaking ceremony expected on Thursday, November 12, 2026.
Lee Group of Companies is developing a $1.8 billion industrial park in Ogun State that is expected to host more than 29 manufacturing factories and create over 2,500 direct and indirect jobs.
The project, known as First Industrial Park, covers 450 hectares along the Lagos-Ibadan Expressway. Project information states that the site lies within the Sagamu and Obafemi-Owode local government areas.
According to the available project details, the planned industrial park will include factories and businesses across several sectors. These include soap and detergent production, PVC leather manufacturing, footwear production, mould manufacturing, food processing, cosmetics, recycling and export-oriented industries.
A groundbreaking ceremony for the project is expected to take place on Thursday, November 12, 2026. Ogun State Governor Dapo Abiodun is expected to attend.
The announcement places the project among the notable private-sector industrial developments being planned in Ogun, a state that already hosts a wide range of manufacturing activity because of its proximity to Lagos and its road links to other parts of the country. Beyond that, the supplied project information focuses mainly on the site size, investment value, expected factory count and planned sectors.
Why it matters
The most significant point for readers is the scale of the plan: a single industrial park expected to bring together more than 29 factories on a 450-hectare site. If delivered as outlined, it would add new manufacturing capacity in multiple sectors and create over 2,500 jobs linked directly and indirectly to the project.
Its location along the Lagos-Ibadan Expressway is also notable because that corridor is a major route for goods movement between Lagos and the rest of the country. That makes Ogun a strategic location for industrial activity.
What it means for your money
For most Nigerians, there is no immediate personal-finance effect from the announcement alone. The clearest possible impact, based on the supplied facts, is potential job creation and future business activity if the park is built and factories begin operating.
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The next confirmed development is the expected groundbreaking ceremony on Thursday, November 12, 2026. Readers can watch for further official updates after that event, especially on construction timelines, factory rollout and how the planned sectors will be phased within the park.
Lee Group’s planned First Industrial Park in Ogun combines a large investment size with a broad manufacturing target: more than 29 factories, over 2,500 jobs and a 450-hectare site along the Lagos-Ibadan Expressway. For now, the key near-term milestone is the expected groundbreaking later in November.
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