Aliko Dangote, president of Dangote Group, has revealed plans to develop a large-scale industrial and free trade zone in Olokola, Ondo state, to attract manufacturers and reduce infrastructure constraints for investors.
Dangote announced the plan on Monday during a courtesy visit to Lucky Aiyedatiwa, governor of Ondo, in Akure.
He said the proposed Olokola project would go beyond a conventional free trade zone, noting that it would be fully equipped with power, water and logistics infrastructure to enable investors to operate without delays associated with basic utilities.
“We want to create the biggest free trade zone where investors can just come and plug in. We will generate power, provide infrastructure and remove the bottlenecks around doing business,” he added.
Dangote said the initiative is designed to address Nigeria’s long-standing power deficit, which he described as the country’s biggest industrial constraint for over 30 years.
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