Dangote unveils multi-billion dollar deep-sea port plans in Ogun, Ondo

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Dangote Industries Limited has commenced preliminary processes for the construction of a deep-sea port spanning over 10,000 hectares at the Olokola Free Trade Zone in Ogun State, as part of plans to expand into logistics, maritime infrastructure, and export-led industrialisation.

In a statement, the company said the multi-billion-dollar project is aimed at transforming the group into a globally recognised industrial and manufacturing leader as a core component of its Vision 2030 agenda.

The proposed deep seaport, located in Ogun Waterside Local Government Area of Ogun State and extending toward Ilaje Local Government Area of Ondo State along the Atlantic coastline, is expected to serve as a logistics and industrial hub for exports, imports, and regional trade.

A delegation from the company, led by the Managing Director of Infrastructure and Logistics, Capt Jamil Abubakar, visited host communities in Ogun and Ondo states to commence stakeholder engagements ahead of project execution.

Speaking during the visit, Abubakar said the project would transform host communities and strengthen Africa’s maritime trade capacity.

“The Olokola Port project is a major step in opening up Nigeria’s economic potential, strengthening trade, reducing pressure on existing ports, and supporting industrial growth. It will create real opportunities for host communities through jobs, business activities, and long-term development across both Ogun and Ondo states,” he said.

He added that the deep seaport has been designed as a logistics gateway for an integrated industrial ecosystem that would enhance Africa’s regional commerce and logistics network, supporting the export of fertilisers, petrochemicals, and refined petroleum products.

Traditional rulers in both states welcomed the project and pledged their support, with one monarch stating, “We can’t wait for this project to commence. We are going to give you physical and spiritual support.”

The delegation also visited the Nigerian Navy Forward Operating Base in Igbokoda, Ondo State, where the acting commanding officer pledged the Navy’s cooperation in support of national economic development.

Dangote Industries stated that the proposed seaport would drive job creation, attract foreign direct investment, and strengthen Nigeria’s export diversification drive under the African Continental Free Trade Area.

 

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