President Bola Tinubu has reaffirmed Ogun State’s position as “Nigeria’s most dynamic industrial belt,” describing it as the primary engine driving the nation’s economic expansion.
The President, speaking through the Minister of Industry, Trade and Investment, Jumoke Oduwole, gave the commendation at the commissioning of Phase Two of Coleman Wires and Cables’ Fibre Optic Factory and the company’s 50th-anniversary celebration in Sagamu.
Tinubu praised the state government for maintaining an environment that attracts and supports investors.
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He lauded Coleman Technical Industries Limited for its critical contribution to Nigeria’s digital transformation.
The President noted that the new facility is expected to reduce the cost of internet access, significantly boost broadband penetration, and accelerate local content development.
Tinubu emphasised the broader national benefits of the new factory, stating that domestic fibre production enhances national connectivity, creates employment opportunities, conserves valuable foreign exchange, and strengthens Nigeria’s digital sovereignty.
In his remarks, the state governor, Dapo Abiodun announced aggressive plans to expand the state’s digital infrastructure.
He revealed that the state government intends to deploy over 3,000 kilometres of fibre optic cables across Ogun.
Abiodun described this project as central to bridging Nigeria’s digital divide and supporting industrial growth, anticipating that the expansion will stimulate innovation and create thousands of ICT-related jobs.
Also, the Minister of Communications, Bosun Tijani, spoke at the event, disclosing a major collaborative effort between the Federal Government (FG) and the World Bank.
He stated that the partnership will invest in building a 90,000-kilometre fibre optic network nationwide and train 5,000 youths in fibre installation to support the expansion.
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Meanwhile, George Onafowokan, the Managing Director of Coleman, announced that the company’s new factory now produces up to nine million fibre counts annually.
He stated the ambitious goal for Coleman to grow into a ₦15 trillion enterprise serving the entire sub-Saharan African region.
