Blue Economy
Dangote Revives Olokola Free Trade Zone, Plans Nigeria’s Largest Port in Ogun
The President of Dangote Group, Alhaji Aliko Dangote, has announced plans to develop Nigeria’s largest port at the Olokola Free Trade Zone in Ogun State, citing Governor Dapo Abiodun’s investor-friendly policies as a key factor in the decision.
Dangote made this known on Monday during a courtesy visit to Governor Abiodun at his office in Abeokuta. He praised the state’s transformation into a prime investment destination, describing it as Nigeria’s manufacturing hub.
The business mogul recounted previous challenges that forced the company to abandon its investment plans in Olokola and halt operations at its Itori factory, which was demolished twice. However, he credited the governor’s policies for restoring investor confidence and facilitating the company’s return.
“Thanks to your policies and a favorable business climate, we are returning to Olokola. Plans are underway to construct Nigeria’s largest port,” Dangote stated.
He also revealed that Dangote Group had completed two new cement plant lines in Itori with a combined capacity of six million metric tonnes per annum, alongside a 12-million-metric-tonne plant in Ibeshe. Upon completion, the company’s total cement production in Ogun would reach 18 million metric tonnes annually, making it Africa’s top cement-producing region.
Dangote reaffirmed his company’s commitment to supporting Nigeria’s economic growth by investing in infrastructure and creating jobs.
In response, Governor Abiodun thanked Dangote for his renewed trust in the state and for his contributions to national development. He also commended Dangote’s global advocacy for Nigeria and his role in inspiring young entrepreneurs.
“Ogun welcomes your renewed investment. Today, March 17, is historic – the same month you broke ground for the Lagos refinery project. You have not only completed the Itori factory but have also chosen to develop Nigeria’s largest port here. For this, I express my profound gratitude,” Abiodun stated.