Ogun State government has reaffirmed its commitment to boosting the state's economy through diaspora investments, particularly in the tourism and hospitality sector. This was announced during the inauguration of Treal Hotel and Suites, located in Ibara Housing Estate, Abeokuta.
Government Support for Investors
Speaking at the event, the Secretary to the State Government, Tokunbo Talabi, who represented Governor Dapo Abiodun, stated that Ogun remains a prime destination for investors due to its strategic location and growing economic potential. Talabi emphasized that Ogun's proximity to Lagos, along with its expanding tourism assets and rich cultural heritage, positions it as a natural hub for hospitality and leisure investments.
He commended the chairman of the hotel, Mr. Adebayo Fagbenro, for returning to invest in his home state after over two decades abroad, describing the move as a vote of confidence in Ogun's business environment. "The government remains committed to creating an enabling environment for investors, especially members of the diaspora bringing global experience and capital into the state," Talabi said.
Call for Collaboration
The founder of Kingsway International Christian Centre, Matthew Ashimolowo, called for stronger collaboration between Nigerians at home and those in the diaspora to drive national development. He noted that Nigerians abroad are excelling and should be encouraged to channel their expertise and resources into the country. He added that private sector-driven projects can help reshape Nigeria's global image. "Projects such as this represent private-sector patriotism capable of transforming the nation's narrative," he said.
Traditional Ruler's Endorsement
The Alake and Paramount Ruler of Egbaland, Adedotun Aremu Gbadebo, described the investment as a major boost to the socio-economic development of Abeokuta and its environs. The monarch explained that the city has continued to witness steady growth in infrastructure and private sector participation, positioning it as an emerging economic and cultural hub. "Abeokuta is witnessing steady socio-economic development, and investments like this are a welcome addition to the growth and progress of our land," he said.
Hotel Features and Vision
A United Kingdom-based chartered banker and chairman of Treal Hotels and Suites, Mr. Adebayo Fagbenro, disclosed that the facility was intentionally designed to combine luxury hospitality with wellness services. He described health and wellness tourism as a growing global trend with huge economic potential. He stated that the project was conceived out of a desire to improve hospitality standards in the state and contribute to its economic development.
"Having travelled extensively, I observed gaps in the hospitality sector back home and felt compelled to bridge them," Fagbenro said, adding that feasibility studies indicated strong growth potential driven by increasing business and tourism activities. He explained that his decision to invest in hospitality was inspired by years of professional experience abroad and a strong desire to contribute meaningfully to the Nigerian economy through enterprise, employment, and human capital development.
"Each room will feature stylish and modern furniture with flat screen TVs, high speed internet access, complimentary coffee and tea, with each room equipped with air conditioning and temperature control to ensure guests have a pleasant and enjoyable stay," he added.
Commitment to Excellence
His wife, Mrs. Adejoke Fagbenro, said the promoters are focused on building a brand that would compete globally, with a vision anchored on expansion, excellence, and consistency. The hotel's general manager, Mr. Nuhu Onoja, expressed confidence that the management team would position the facility as a leading hospitality destination in the state through professionalism and quality service delivery.
