ADELEKE GOVERNMENT signs MoU WITH TWO COMPANIES TO BOOST INDUSTRIALIZATION AT LIVING SPRING FREE TRADE ZONE
The Osun State Government under the leadership of Governor Ademola Jackson Nurudeen Adeleke has signed two separate Memoranda of Understanding with Balou International Nigeria Limited and Alive-and-Kicking Nigeria Limited to boost industrialization at the Living Spring Free Trade Zone, Ede.
The MoUs were signed on Friday, 9th October, 2026, on behalf of the Osun State Government by the Honourable Commissioner for Commerce and Industry, Revd Dr. Bunmi Jenyo in his office.
In the first agreement, the Osun State Government signed with Balou International Nigeria Limited, the refurbishment and use of the Transit Camp Building at the Living Spring Free Trade Zone for multipurpose use.
The agreement was signed by the Chief Executive Officer of Balou International Nigeria Limited, Chief Ronnie Liu.
Under the agreement, the company will revive, rehabilitate and operationalise the Transit Camp as a fully functional industrial hub. The facility will provide accommodation for investors, a Chinese restaurant, showroom and office space.
As part of its industrialisation plan, the company intends to establish an Air Compressor Plant, an Electric Motorcycle Assembly Plant and an Industrial Tools Factory within the zone.
The partnership will also mobilise local and foreign investments into the Living Spring Free Trade Zone through the facilitation of Balou International Nigeria Limited, and create anchor industrial clusters in manufacturing, logistics, renewable energy, agro processing and ICT.
The development is expected to generate employment, promote exports, attract Foreign Direct Investment (FDI) and increase the Internally Generated Revenue of Osun State.
In the second agreement, the government signed with Alive-and-Kicking Nigeria Limited, the establishment of a multi-sports balls production factory within the same zone. The MoU was signed by the Chief Executive Officer of the company, Dr Bob Olukoya.
Under this agreement, both parties will collaborate to establish a 7-line balls manufacturing factory that will produce world-class standard footballs, basketballs, rugby balls, volleyballs, handballs, American footballs and tennis balls.
The project is designed to further promote and operationalise the Made-in-Nigeria policy within the sports sector, enhance local manufacturing capability, create massive direct and indirect employment and reduce dependence on imported sports balls.
The two projects are expected to position Osun State as a viable hub for sports equipment manufacturing, leather and rubber processing, and general industrial manufacturing in Nigeria and West Africa.
The initiatives align with the development goals of the administration of Senator Ademola Jackson Nurudeen Adeleke to fully industrialise the state before the end of its tenure in 2030.
