Dangote unveils plan for major free trade zone in Ondo
The President of Dangote Group, Alhaji Aliko Dangote, has announced plans to develop a major industrial and free trade zone at Olokola in Ondo State. During a visit to Governor Lucky Aiyedatiwa in Akure, he described the project as a power-driven investment hub aimed at attracting manufacturers and solving infrastructure challenges. The initiative will focus on power generation, cement production, and gas infrastructure to support industrial growth. Governor Aiyedatiwa welcomed the move, highlighting its alignment with the state's industrialisation goals.
What we know
- Aliko Dangote reaffirmed plans to create a large-scale industrial and free trade zone at Olokola in Ilaje Local Government Area.
- The project aims to provide reliable power, water, and logistics infrastructure for investors to operate efficiently.
- Dangote said the initiative would address Nigeria’s long-standing power deficit and integrate gas infrastructure via an east-west corridor.
- Governor Lucky Aiyedatiwa described the project as a milestone for Ondo State’s industrialisation and highlighted the state’s deep seaport licence as a logistics advantage.
- A technical committee has been set up to engage with the Dangote Group on legal, land, and operational frameworks, with full government support assured.
