Dangote unveils plan for multi-billion-dollar Olokola seaport

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, Infrastructure and Logistics, Dangote Industries Limited, 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.

He said, “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.

“With its strategic location, Olokola would serve as a key gateway for exports and imports, boosting Nigeria’s competitiveness in regional and global trade. This project reflects our commitment to building infrastructure that benefits both the people and the economy at large.”

He added that the deep seaport had been designed as a logistics gateway for an integrated industrial ecosystem that would enhance Africa’s regional commerce and logistics network.

He noted that the facility would 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 added that the company would maintain continuous engagement with host communities throughout the implementation process.

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

The Lenuwa of Ode-Omi, Oba Folailu Adekunle Hassan (Oshotekun II), welcomed the project and pledged the community’s support. “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.

The traditional ruler also approved the commencement of surveys and other preliminary activities, including the enumeration of households, economic trees, and compensation arrangements for affected communities.

Similarly, the Alara of Araromi Seaside Kingdom, Oba Adeoloye Olawole, expressed support for the project during an engagement with the Dangote delegation.

“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,” the monarch said.

The delegation also visited the Nigerian Navy Forward Operating Base in Igbokoda, Ondo State, where the Acting Commanding Officer, Lt. Commander A.A. Makinwa, pledged the Navy’s cooperation with the company in support of national economic development.

Dangote Industries stated that 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 drive and improve participation in intra-African trade under the African Continental Free Trade Area.