The President and Chief Executive of Dangote Industries Ltd, Alhaji Aliko Dangote, has announced the company’s decision to revive the abandoned Olokola Free Trade Zone (OKFTZ) project in Ogun Waterside Local Government Area of Ogun State.
The project aims to develop the largest seaport in the country, marking a significant boost to Nigeria’s maritime infrastructure.
Speaking on Monday, Dangote attributed the decision to return to the Olokola project to the favorable investment policies introduced by Governor Dapo Abiodun.
He noted that the company’s initial plans to develop the OKFTZ were halted due to unfavorable conditions under the previous administration.
“We earlier abandoned our vision of investing in the Olokola Free Trade Zone (OKFTZ), but because of Governor Dapo Abiodun’s policies and investor-friendly environment, we are back and will work with the government to construct the largest port in the country,” Dangote stated.
Dangote expressed confidence that the revival of the Olokola port project would not only enhance the state’s economic prospects but also position Nigeria as a key player in maritime trade across Africa.
The industrialist also highlighted his broader commitment to supporting Nigeria’s economic growth through strategic investments, including the ongoing construction of a 6-million metric tons per annum cement factory at Itori, Ewekoro Local Government Area of Ogun State.
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