Mamuda Group Commits $50 Million to Ogun State for Beverage Plant, Aiming to Boost Industrial Growth
ABEOKUTA, Nigeria, May 14, 2025 – Mamuda Group Nigeria Limited has unveiled plans to invest $50 million in Ogun State through its subsidiary, Mamuda Beverages, to establish a cutting-edge beverage production facility. The announcement came during a Tuesday meeting in Abeokuta between Mamuda Group Chairman Hassan Hammoud and Ogun State Governor Dapo Abiodun. Set to break ground next month, the project is projected to generate up to 13,000 jobs over the next five to six years, reinforcing Ogun’s position as Nigeria’s industrial powerhouse.
The new facility will produce Mamuda Beverages’ portfolio of carbonated soft drinks, energy drinks, and bottled water, including brands like Pop Cola. It is expected to employ 1,500 workers initially, scaling to 3,000 as production ramps up. Subsequent phases will expand into agro-processing, food production (biscuits, wafers, candies), and personal care products (detergents, soaps), building on Mamuda’s existing operations in Kano, where it employs 13,000 workers. Hammoud cited Ogun’s strategic advantages—proximity to Lagos, access to markets in Ibadan and Benin, and infrastructure like the new airport and planned dry port—as key drivers for the investment. “Ogun offers unmatched opportunities for business growth in Nigeria,” he said.
Governor Abiodun hailed the investment as a testament to Ogun’s business-friendly policies, including the Business Environment Council and six licensed industrial zones, with Ogun’s being the only operational one in Nigeria. “This partnership will drive economic prosperity and job creation,” he stated, noting Ogun’s role as a gateway to Lagos and its robust industrial ecosystem, hosting over 200 companies in the Agbara Industrial Estate and major firms like Dangote Cement and Nestlé. Recent investments, such as Inner Galaxy Group’s $400 million steel plant and a $5 million UK battery recycling facility in 2024, underscore Ogun’s appeal.
The project aligns with Nigeria’s push for economic diversification under President Bola Tinubu’s Renewed Hope Agenda. Mamuda’s commitment to quality, evidenced by its Food Safety System Certification (FSSC) 22000 for beverages and a Gold Rating from the Leather Working Group for its tannery, positions it as a key player in sustainable industrial growth. Social media reactions on X, including posts from users like @OgunRising, applaud the move, with comments emphasizing the “massive job opportunities” and Ogun’s growing economic clout. The investment is poised to enhance Ogun’s status as Nigeria’s top non-oil revenue state, leveraging its limestone reserves and strategic location.
Sources: Akelicious, Worldstage, THISDAYLIVE, Nairametrics, Daily Trust, posts on X
