Aliko Dangote Unveils Multi-Billion-Dollar Olokola Seaport Project in Ogun

 By Kehinde Awosina 



Africa’s richest businessman, Aliko Dangote, has unveiled plans to construct a multi-billion-dollar deep seaport in Olokola, Ogun State, in what could become one of Nigeria’s largest maritime infrastructure projects.


The proposed Olokola seaport is expected to strengthen the export capacity of the Dangote Group, especially for products such as fertiliser, petrochemicals and liquefied natural gas. Reports indicate that the company has already begun discussions and submitted relevant documentation for regulatory approvals. 


Dangote disclosed that the project is part of efforts to improve Nigeria’s maritime logistics sector and encourage more private-sector participation in port development. The seaport, planned near the Olokola Free Trade Zone in Ogun State, is strategically positioned close to the company’s industrial facilities. 


According to reports, the deep seaport is expected to rival existing ports in Lagos, including the Lekki Deep Sea Port, while easing congestion and improving the movement of goods across the country. 


The project also marks Dangote Group’s renewed investment interest in Olokola after earlier plans in the area were suspended years ago due to disagreements with local authorities. Recent developments, however, suggest that those issues have been resolved, paving the way for the return of the conglomerate to Ogun State. 


Industry observers believe the proposed seaport could boost trade, create jobs and strengthen Nigeria’s position as a major logistics and industrial hub in West Africa.

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