The Tropical General Investments (TGI) Group has completed and inaugurated the expansion of its state-of-the-art Sagamu Factory Complex, Sagamu, Ogun State, housing WASIL Limited and WACUB Limited.

The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, who led other industry stakeholders, including the Ogun State Governor, Prince Dapo Abiodun, at TGI’s Flowergate Mixed Development Complex, Sagamu, commended TGI for its significant contributions to employment and Nigeria’s economic development.

The Minister, who inaugurated the new extension of WACUB Limited, makers of Terra Seasoning Cubes, said, “I am delighted and happy that we are witnessing this expansion of our industries. I specially want to applaud the Governor of Ogun State for making this happen. President Bola Ahmed Tinubu knows about the challenge of unemployment, pressure on manufacturing and economic diversification, and is determined to tackle it conclusively.

“The cost of inaction is high, and we cannot afford it. This project will go a long way in addressing some of these challenges. We appreciate TGI for this project and for being futuristic.”

Dr Uzoka-Anite added that the project will significantly increase the country’s Gross Domestic Product (GDP) and economic development. Leading the delegation, during the commissioning, Group Managing Director of TGI Group, Rahul Savara said receiving the Governor and the Minister was an honour.

He said, “It is our distinguished honour and privilege to have the two of you together today to see what is happening here formally and also to commission some of our expansions that have happened in the recent past. Thank you very much for coming. We appreciate your visit.”

Speaking at the ceremony as he commissioned the second phase of the factory where Golden Terra Soya Oil is made, Governor Abiodun congratulated the TGI Group for being a classic example of the success of the state. He said, “You are a reference point in the Industry, a shining example of Foreign Direct Investment coming to Nigeria and doing things excellently.”

Abiodun added that the project attests to the state’s vision to create an enabling environment for private investors, leading to an improved state economy and the people’s standard of living.

He noted, “If we are not genuinely implementing that vision, you won’t be expanding capacity here. The Group has also tried to reduce the state’s unemployment rate. By this project, there would be more employment for citizens and an increase in taxable citizens.

The Executive Director and Vice Chairman of Africa, TGI Group, Farouk Gumel, expressed the conglomerate’s gratitude to the governor and the Minister. He assured the guests of TGI’s commitment to Nigeria’s growth with its extensive investments in sectors including food and beverage production, chemical manufacturing, poultry farming, marine aquaculture (covering both fish farming and deep-sea trawler operations), pharmaceutical manufacturing, real estate, agribusiness, and financial services.