Ogun State Governor, Prince Dapo Abiodun, has signalled a major economic transformation for Ogun Waterside Local Government, announcing that the long-abandoned Olokola Liquefied Natural Gas (OKLNG) project is set for revival while reaffirming his administration’s commitment to positioning the coastal axis as Nigeria’s next industrial and maritime hub.
The governor made the announcement on Friday during the commissioning of the reconstructed Gao-Ibiade Road, describing the project as a strategic investment aimed at preparing the area for the anticipated surge in industrial, commercial and maritime activities.
Abiodun disclosed that the Nigerian National Petroleum Company Limited (NNPC Ltd.) has informed the Ogun State Government of its decision to revive the multi-billion-dollar OKLNG project, one of Nigeria’s most ambitious gas development initiatives that has remained dormant for years.
He also reaffirmed his administration’s commitment to the proposed Ogun Deep Sea Port, assuring residents that the project remains on course and that concrete steps are being taken to actualise what he described as one of Africa’s most strategic maritime infrastructure projects.
The governor further revealed that the premium-grade crude oil discovered in the area has significantly strengthened Ogun Waterside’s investment prospects, with plans for a refinery, deep seaport, naval base and dockyard expected to transform the area into a major oil, gas and logistics hub.
According to him, the reconstruction of the Gao-Ibiade Road forms part of the critical infrastructure required to support the expected economic expansion, noting that improved road connectivity would facilitate investments and open up the coastal communities.
“We are preparing for the
