As Nigeria continues to shift toward regional development, Iperu Remo in Ogun State is gradually becoming a focal point of economic discussion. Historically known for its rich culture and strong traditional values, Iperu is now positioning itself as a town with serious potential for economic growth, driven by infrastructure, location, and its people.
This blog explores the current economic landscape of Iperu, the challenges it faces, and the opportunities that could define its future.
Current Economic Landscape
Iperu’s economy is largely built on agriculture, commerce, real estate, and transportation. Many residents are engaged in farming (cassava, maize, vegetables, etc.), petty trading, tailoring, and artisan services like welding, carpentry, and vulcanizing.
The town’s strategic location — connecting it to Lagos, Ibadan, and other parts of Ogun State — makes it a valuable midpoint for logistics and trade. However, the real game-changer is the ongoing Gateway Agro-Cargo Airport project, situated close to Iperu.
The Gateway Agro-Cargo Airport: A Game Changer
Arguably the biggest economic catalyst in the region, the Agro-Cargo Airport, being developed by the Ogun State Government, promises to:
- Boost agro-exportation
- Create thousands of jobs
- Attract foreign and local investment
- Open up the region to logistics and aviation services
With Iperu at the center of this development, the town could see:
- Improved road networks
- Rise in land and property value
- Increased hospitality, transport, and food business opportunities
This is already generating investor interest and prompting indigenes in the diaspora to consider relocating or investing in real estate and agriculture.
Youth Empowerment and the Rise of Entrepreneurship
One of Iperu’s greatest strengths is its youth population. In recent years, more young people have begun to explore entrepreneurship in tech, fashion, agriculture, and digital services. With improved internet access and remote work options, the new generation is pushing boundaries beyond traditional means.
However, many of them still face challenges like:
- Limited access to funding
- Lack of mentorship
- Inadequate business infrastructure
Programs by the Remo Youth Development Association (RYDA) and other community bodies have begun to address these, but more investment is needed in skill development, tech hubs, and startup financing.
Challenges Holding Iperu Back
Despite the promising outlook, Iperu faces some key challenges:
- Poor Infrastructure: Some inner roads, drainage systems, and power supply are still below standard, discouraging long-term investments.
- Unemployment: Like many towns, many educated youths still struggle to find stable income sources.
- Underutilized Resources: The town has land, talent, and tradition—but lacks enough industrial presence to convert these into large-scale growth.
- Brain Drain: Many successful Iperu indigenes live and work outside the town, limiting their local impact.
Opportunities for the Future
Despite these challenges, Iperu Remo’s future remains bright—if stakeholders, especially government and private sector leaders, act strategically. Here are some promising paths forward:
- Agri-business & Food Processing: With fertile land and proximity to logistics hubs, Iperu can become a center for packaged food, cassava processing, palm oil, and fish farming.
- Tourism & Culture: Ojude Oba, historical sites, and traditional festivals can be harnessed for tourism with better promotion and hospitality services.
- Tech & Education: A youth innovation center or remote work hub could transform how Iperu’s young people earn and learn.
- Real Estate & Hospitality: As the airport nears completion, investors can capitalize on demand for hotels, lodges, apartments, and restaurants.
