Dangote unveils plan for multi-billion-dollar deep-sea port in Ogun State
By Aboki Forex —
Dangote Industries Limited has announced plans to build a multi-billion-dollar deep-sea port at the Olokola Free Trade Zone in Ogun State. The project will cover more than 10,000 hectares along Nigeria’s Atlantic coastline. It marks the conglomerate’s expansion into maritime logistics and export infrastructure.
The proposed port will stretch from Ogun Waterside Local Government Area in Ogun State toward Ilaje Local Government Area of Ondo State. It is designed to serve as a strategic gateway for imports, exports, and industrial operations.
According to the company, the seaport is part of its Vision 2030 strategy to become a globally recognised industrial powerhouse. The facility will support sectors including fertilisers, petrochemicals, and refined petroleum exports. It is also expected to handle future liquefied natural gas exports and ease the importation of heavy industrial equipment.
A delegation led by the Managing Director of Infrastructure and Logistics at Dangote Industries, Jamil Abubakar, visited host communities in Ogun and Ondo states for stakeholder consultations. Abubakar described the seaport as a transformative economic project that will strengthen Nigeria’s trade competitiveness and reduce pressure on existing ports.
He said the development will stimulate business activities, create jobs, and open up long-term economic opportunities for surrounding communities. The strategic location of Olokola gives it the potential to become a key maritime and logistics hub for West Africa and the wider African market.
Traditional rulers in the affected communities welcomed the project. The Lenuwa of Ode-Omi, Oba Folailu Adekunle Hassan, expressed optimism about the economic benefits. He approved the start of preliminary surveys, household enumeration, and compensation activities for affected residents. The Alara of Araromi Seaside Kingdom, Oba Adeoloye Olawole, assured the company of community cooperation.
The delegation also visited the Nigerian Navy Forward Operating Base in Igbokoda, where naval authorities pledged support for the project.
Dangote Industries believes the deep-sea port could become a major driver of foreign direct investment and industrial growth in Nigeria. Analysts say the project could improve Nigeria’s participation in regional trade under the African Continental Free Trade Area framework.
If completed, the Olokola deep-sea port would rank among the most ambitious private-sector maritime infrastructure projects in Nigeria’s history.