Nigerian billionaire and industrialist Aliko Dangote has revealed plans to develop the country’s largest seaport at the Olokola Free Trade Zone in Ogun State.
During a meeting with Governor Dapo Abiodun and Ogun State officials on Monday, Dangote confirmed that his company would spearhead the revival of the long-abandoned Olokola Seaport project.
He highlighted that the seaport would play a crucial role in boosting trade, enhancing logistics, and positioning Nigeria as a leading economic force in the region.
In addition to the seaport, Dangote announced a major expansion of cement production in Ogun State. Two new cement production lines are currently under construction in Itori, set to add six million metric tons of annual capacity to the existing 12 million metric ton facility in Ibeshe.
Dangote recounted the challenges faced in establishing the Itori cement factory, noting that it had been demolished twice. However, he credited Governor Abiodun’s support for his company’s decision to restart the project.
Governor Abiodun welcomed the investment, stating that the expansion would establish Ogun State as the largest cement producer in sub-Saharan Africa, with an annual output of 18 million metric tons.
He commended Dangote for his dedication to promoting Nigeria’s economic growth on a global scale.
Dangote also revealed that 70% of Dangote Cement’s total African production comes from Nigeria, with the Obajana plant in Kogi State alone producing 16.25 million metric tons per year.
Following the meeting, Dangote and the Ogun State delegation inspected the ongoing construction at the Itori cement plant and the Papalanto concrete-paved road project, which is being developed under the federal government’s tax credit scheme.
Traditional rulers, including the Olu of Itori, Oba Abdulfatai Akorede Akamo, were also present during the visit.