Business Economy of Ogun State

ECONOMY
Its natural resources include an extensive fertile soil suitable for agriculture and mineral deposits. The climate and soil of the state are suitable for the cultivation of a wide range of crops. The major food crops include rice, maize, cassava, yam and banana. The main cash crops include cocoa, kolanut, rubber, palm oil and palm kernels. Ogun State is one of the largest producers of kolanut in the country. It also produces timber and rubber on a large scale.

About 20% of its total area is constituted of forest reserve suitable for livestock. The State has enormous industrial potentials. Its natural resources, manpower and geographical proximity to Lagos makes it a potential industrial zone to the nation.

Its extensive limestone deposit according to scientists can last for some five hundred years. The multi-million naira cement factory in Sagamu is the largest cement factory in West Africa. Both this factory and Ewekoro Cement factory depend on the local lime stone resources for raw materials.

Other mineral resources available include chalk, phosphate, high quality stones and gravels for construction works.
There are also other modern industries producing high quality beer, bicycle tyres, ceramic goods, high quality clay bricks, carpet and clothing materials.