By Kamal Yalwa: September 20, 2025
Ogun State has taken a major step toward becoming a premier tourism destination in Africa, with Governor Dapo Abiodun announcing a groundbreaking investment of up to $2.5 billion for the development of the continent’s first Disneyland-style resort.
The governor made the announcement via his official X (formerly Twitter) handle, highlighting the state’s rising economic profile and growing appeal to global investors.
According to Abiodun, the investment—pledged by MAG Group during a recent visit to Abeokuta—will cover the construction of a full-scale entertainment hub. Plans include a world-class theme park, luxury hotels, water parks, and other recreational facilities.
“We recently received MAG Group in Abeokuta, where they pledged an investment of between $1.8 billion and $2.5 billion in hospitality and entertainment,” he wrote.
“Their plans include the establishment of Africa’s first Disneyland-style resort in Ogun State.”
Rapid Economic Growth Fuels Investor Interest
Governor Abiodun also revealed that Ogun State’s economy has grown significantly over the past six years—rising from ₦3.5 trillion to ₦16 trillion, making it one of the fastest-growing economies in Nigeria.
He attributed this progress to strategic investments in infrastructure, tourism, and public amenities. One notable success is the rejuvenation of Olumo Rock, which now generates around ₦20 million weekly in tourism revenue.
“This growth reflects our deliberate efforts in infrastructure, basic amenities, and the revitalization of tourism,” the governor noted.
A New Era for Tourism and Hospitality in Nigeria
The Disneyland-style resort will mark a historic first for Africa and is expected to transform Ogun into a top destination for both local and international tourists.
Governor Abiodun described the development as a validation of Ogun State’s growing reputation as a hub for investment, noting the state’s strategic location, business-friendly policies, and abundant human capital.
“This pledge confirms the strength of our competitive advantage… We remain committed to sustaining Ogun State as the investment destination of choice and the true gateway to prosperity,” he said.
The investment aligns with broader efforts by the state government and federal authorities to boost tourism under the Renewed Hope Initiative, which aims to diversify Nigeria’s economy and create new jobs through cultural and entertainment-driven projects.
