The President of Dangote Group, Alhaji Aliko Dangote, has reaffirmed plans to develop a large-scale industrial and free commerce zone at Olokola in Ilaje Native Authorities Space of Ondo State.
He described the event as a power-driven funding hub designed to draw producers and scale back infrastructure constraints for buyers. Dangote said this on Monday throughout a go to to Governor Fortunate Aiyedatiwa in his workplace in Akure, the state capital.
In response to him, the renewed funding framework covers energy era, cement manufacturing, gasoline infrastructure and industrial manufacturing.
He stated the proposed Olokola challenge would transcend a standard free commerce zone, explaining that it will be totally geared up with energy, water and logistics infrastructure to allow buyers to function with out delays related to primary utilities.
“We need to create the most important free commerce zone the place buyers can simply come and plug in. We’ll generate energy, present infrastructure and take away the bottlenecks round doing enterprise,” he stated.
Dangote additionally stated the initiative was designed to handle Nigeria’s long-standing energy deficit, which he described because the nation’s greatest industrial constraint for over 30 years, noting that the majority producers at the moment depend on self-generated electrical energy.
He decried the absence of dependable energy, saying it had slowed industrial growth throughout the nation, however famous that the brand new mannequin would combine devoted vitality provide into the commercial zone.
He additionally disclosed plans to combine gasoline infrastructure by means of an east-west gasoline hall to assist energy-intensive industries throughout the zone.
Responding, Governor Aiyedatiwa welcomed Dangote’s renewed funding drive within the state, describing it as a serious milestone in Ondo State’s industrialisation agenda.
He stated Dangote’s proposed challenge aligned along with his administration’s efforts to place the state as a number one industrial vacation spot within the South-West, noting its strategic location alongside the Lagos-Calabar Coastal Freeway hall.
Aiyedatiwa additionally highlighted the state’s deep seaport licence, describing it as a key logistics benefit able to dealing with giant vessels with out trans-shipment.
“The limestone deposits within the state have been examined and located appropriate for industrial use, signalling potential for cement manufacturing growth.
“A technical committee had been established to interact with Dangote Group on authorized, land, group and operational frameworks, and we’re able to nominate a state consultant to the challenge board,” the governor said.
He assured full authorities backing for the initiative, stressing that Ondo State would work intently with buyers and host communities to make sure easy implementation and long-term sustainability.
