Frontline politician and prominent businessman, Gbenga Olawepo-Hashim, has announced a landmark investment of ₦200 billion in Ogun State’s energy sector through the Mogboro Power Project, a transformative initiative aimed at providing uninterrupted 24-hour electricity and boosting economic development.
The former presidential candidate made this declaration during his keynote address at the Federal University of Agriculture, Abeokuta (FUNAAB) Alumni Convention over the weekend, where he outlined the project’s far-reaching impact on power supply, industrial growth, and job creation.
“Reliable energy is essential to industrial growth and economic prosperity,” he said.
“The Mogboro Power Plant will provide continuous electricity, reduce production costs, and create a more competitive environment for businesses, ultimately transforming Ogun State into an industrial powerhouse.”
Olawepo-Hashim, a strong advocate of sustainable development and energy reforms, emphasized the critical role of public-private partnerships in addressing Nigeria’s infrastructure deficit.
He pointed out that strategic private-sector investments, particularly in energy, can complement government initiatives to foster sustainable growth and create new economic opportunities.
The announcement has been met with widespread optimism. Business owners in Ogun State believe the power plant will significantly lower reliance on expensive diesel generators, reduce overhead costs, and improve profitability.
Industry analysts have also praised the move, describing it as a game-changer for the Nigerian energy sector. They argue that the Mogboro Power Project could set a precedent for scalable, privately-funded electricity solutions, offering a pathway to resolve the nation’s longstanding energy crisis.
As April 2025 draws closer, expectations are high for the successful commissioning of the power plant.
Stakeholders will be monitoring its progress closely, hoping it will usher in a new era of energy sufficiency and industrial competitiveness not only for Ogun State but for the entire country.
