Kunle Somorin writes on Gateway state’s Economic Recovery Strategy as encapsulated in the World Bank-supported initiative, Ogun State Economic Transformation Project.
Ogun State, widely acknowledged as Nigeria’s Industrial Capital, is charting a bold and ambitious course towards becoming a paragon of sustainable progress and innovation. At the forefront of this transformative effort is the Ogun State Economic Transformation Project (OGSTEP), a World Bank-supported initiative that has redefined the state’s economic landscape. Through a combination of strategic planning, targeted reforms, and measurable impacts, OGSTEP has fostered an environment conducive to investment, positioning Ogun as a hub of opportunity and a leader in modern governance. Central to this ambitious framework is the Ease of Doing Business (EoDB) agenda, a cornerstone of reform that has revolutionised regulatory systems, enhanced infrastructure, and galvanised private sector engagement.
One of the most significant achievements of OGSTEP lies in its impact on infrastructure, setting the stage for enduring economic advancement. Industrial parks developed under the EoDB framework have been pivotal in creating spaces designed to support the diverse needs of enterprises. These parks not only serve as centres for commerce but also as hubs for innovation and collaboration, catering to both local and international investors.