Amidst growing concerns, the actions of the Ogun State Government have placed Nigeria in a precarious position with China.
A contractual dispute between the Ogun State Government and Zhongshan Fucheng Industrial Investment has escalated, leading to significant legal and financial consequences.
The situation has raised questions about the government’s handling of international agreements and the implications for Nigeria as a whole.
Critics argue that the government’s actions, driven by self-interest rather than the public good, have resulted in a loss of trust and serious consequences for the entire nation.
The international arbitration ruling has led to the seizure of Nigerian assets, including three aircraft and potential threats to further assets abroad.
The controversy highlights broader issues, including the capacity of Nigerian states to engage in international agreements and the risks associated with foreign investments.
As the situation unfolds, it serves as a stark reminder of the importance of honoring international commitments and the potential fallout when trust is broken.
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According to Reuben Abati, former presidential spokesperson, oftentimes, the government acts in the selfish interest of the people that are in charge at any particular time.
“Policies are sometimes made, actions are taken simply to settle personal scores, and the people end up being the victims. Now everybody is saying that the people of Ogun State should be careful how they go about calling their state the gateway to Nigeria. The people themselves are victims.”
“Come to think of it. The idea of an Economic Free Zone would have made the state truly the Gateway in terms of opportunities. It is sad that the Ogun state Government mismanaged its contractual agreements with Zhongshan Fucheng Industrial Investment, and even ruined relationships in the process.”
“I recall that as far back as 2007, the Otunba Daniel Administration initiated the Free Trade Zone concept in Ogun State. It was a bid initiative then, located in Igbesa.. It was called the Ogun-Guangdong Free Trade Zone.
“There was also the Olokola Free Trade Zone, the OKFTZ, which was a collaborative effort between Ogun and Ondo states and the private sector to be located on about 20, 000 hectares. The dream was to turn Ogun State into an industrial hub. When it was further reported that oil had also been discovered in Ogun State, the future could not have looked brighter.”
“When you enter into an agreement, you are required to honour it. States have to be guided by international best practices.
“The Daniel administration brought the Chinese, the Zhongshan. The Amosun administration later entered into an agreement with Zhongfu, a subsidiary of Zhongshan, a dispute arose and the company was driven away.”