Ogun State Governor, Prince Dapo Abiodun, CON, has said the state’s ongoing economic reforms, infrastructural development and affordable housing initiatives are strengthening its appeal to investors and positioning it as a preferred investment destination.
Abiodun stated this at the 9th Annual General Meeting (AGM) of Gateway Mortgage Bank, where the bank’s Annual Report and Financial Statements for the year ended December 31, 2025, were presented.
The governor, who was represented at the meeting by the Commissioner for Finance and Chief Economic Adviser, Hon. Oladapo Abdulrahman Okubadejo, attributed the growing investment prospects of the state to deliberate government policies, the development of economic clusters, improved infrastructure and reforms aimed at creating a favourable business environment.
He noted that the combination of these initiatives, alongside the state’s affordable housing programmes, had continued to enhance Ogun’s attractiveness to investors.
Abiodun also commended Gateway Mortgage Bank for its financial performance, particularly its recovery from negative shareholders’ funds to sustained capital growth.
He, however, charged the bank’s management to build on the progress by strengthening revenue generation, improving profitability and exploring emerging opportunities in the mortgage and housing sectors.
The governor further urged the bank to leverage the state government’s affordable housing initiatives to expand access to mortgage financing, particularly by providing single-digit interest rate facilities for mid-to-high-income earners.
He emphasised the importance of aligning the bank’s operations with the state’s housing development agenda to deepen access to homeownership while strengthening the financial institution’s growth and sustainability.
