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Dangote Unveils Plan For Multi-billion-dollar Olokola Seaport
Photo: Staff Photographer

DANGOTE UNVEILS PLAN FOR MULTI-BILLION-DOLLAR OLOKOLA SEAPORT

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Dangote Industries Limited has commenced preliminary processes for the construction of a deep-sea port covering more than 10,000 hectares at the Olokola Free Trade Zone in Ogun State.

 

The company said the project forms part of its expansion into logistics, maritime infrastructure and export-led industrialisation under its Vision 2030 agenda.

 

According to the company, the proposed multi-billion-dollar seaport will be located in Ogun Waterside Local Government Area of Ogun State and extend toward Ilaje Local Government Area of Ondo State along the Atlantic coastline.

 

The project is expected to serve as a major logistics and industrial hub for exports, imports, and regional trade.

 

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

 

Speaking during the visit, Abubakar described the project as a major boost for Nigeria’s economy and 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-sea port was designed as a logistics gateway for an integrated industrial ecosystem that would strengthen Africa’s regional commerce and logistics network.

 

According to him, the facility will support the export of fertilisers, petrochemicals, and refined petroleum products, while also facilitating future liquefied natural gas exports and the importation of heavy industrial equipment.

 

Abubakar assured host communities that the company would maintain continuous engagement throughout the implementation process.

 

The Dangote delegation, accompanied by surveyors and environmental consultants, visited the Ode-Omi community in Ogun State as well as Araromi Seaside Kingdom and Igbokoda in Ondo State.

 

The Lenuwa of Ode-Omi, Oba Folailu Adekunle Hassan (Oshotekun II), welcomed the initiative and expressed support for the project.

 

“We have been expecting you for a long time. It is good that you are here today. Do your best, and we will all benefit from this process,” the monarch said.

 

He also approved the commencement of surveys and other preliminary activities, including household enumeration, economic tree assessments, and compensation arrangements for affected communities.

 

Similarly, the Alara of Araromi Seaside Kingdom, Oba Adeoloye Olawole, pledged support for the project.

 

“We can’t wait for this project to commence. We are going to give you physical and spiritual support. If this project can begin tomorrow, you are welcome,” he said.

 

The delegation also visited the Nigerian Navy Forward Operating Base in Igbokoda, where the Acting Commanding Officer, Lt. Commander A.A. Makinwa, assured the company of the Navy’s cooperation.

 

Dangote Industries said the proposed seaport would drive job creation, attract foreign direct investment, and stimulate sectors such as manufacturing, logistics, and services.

 

The company added that the project would strengthen Nigeria’s export diversification efforts and improve participation in intra-African trade under the African Continental Free Trade Area.

"This represents a significant development in our ongoing coverage of current events."
— Editorial Board

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