Aliko Dangote
Aliko Dangote Returns to Ogun, to Build Nigeria’s Largest Seaport at Olokola FTZ
Africa’s foremost industrialist and President of Dangote Industries Limited, Aliko Dangote, has announced his return to Ogun State with plans to construct a multi-billion-dollar seaport at the Olokola Free Trade Zone (OKFTZ).
This project, set to become the largest seaport in Nigeria, marks a significant comeback for Dangote, who had previously withdrawn from oil and gas ventures in the same zone years ago.
During a courtesy visit to Ogun State Governor Dapo Abiodun on Monday, March 17, 2025, Dangote credited the state’s investor-friendly policies and the governor’s vision for attracting investments as key reasons for his decision to return.
He praised Governor Abiodun’s administration for creating an enabling environment that supports private sector growth and fosters economic development.
Dangote revealed that his company had initially abandoned plans to invest in the Olokola Free Trade Zone but was now committed to reviving the project.
“Because of your policies and investor-friendly environment, we are back and will work with the state government to return to Olokola. Plans are underway to construct the largest port in the country,” he stated.
In addition to the seaport project, Dangote provided updates on ongoing investments in Ogun State, including the expansion of cement production facilities. Two new production lines with a combined capacity of 6 million metric tons per annum are under construction at Itori, while the Ibese plant continues to operate at 12 million metric tons per annum.
Upon completion, Ogun State will host a total cement production capacity of 18 million metric tons annually, solidifying its position as Africa’s leading cement-producing region.
Dangote Cement, the largest cement producer in Africa with a total capacity of 52 million metric tons per annum, contributes significantly to Nigeria’s self-sufficiency in cement and fertilizer production.
The company’s investments have not only met domestic demand but also generated surplus for export, earning valuable foreign exchange for the country.
Dangote emphasized his company’s commitment to supporting Nigeria’s economic growth, citing the 650,000 barrels per day Dangote Refinery in Ibeju-Lekki, Lagos, which now meets domestic demand for Premium Motor Spirit (PMS), aviation fuel, and Liquefied Petroleum Gas (LPG).
He reiterated his belief in Nigeria’s potential and pledged to continue investing in projects that transform the nation’s economy.
Governor Abiodun expressed gratitude for Dangote’s return, describing it as a historic moment for Ogun State.
He recalled the disappointment felt by residents when the Dangote Refinery project moved to Lagos but celebrated the industrialist’s decision to reinvest in the state.
“Today is a historic day. You have chosen to complete Itori and develop the biggest port in Nigeria. For this, we thank you,” the governor said.
Dangote also acknowledged the support of traditional rulers and local communities, particularly in Itori and Yewaland, for enabling the smooth operation of his projects.
He assured continued adherence to corporate social responsibility initiatives in host communities, further strengthening the partnership between Dangote Industries and the people of Ogun State.
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