Abiodun: Ogun deep sea port, LNG projects drawing new investors
- Governor Dapo Abiodun says two planned projects worth about $17bn are pulling fresh investor interest into Ogun State.
- He spoke in Ijebu-Ode at a town hall on the state's 2027–2029 spending framework and 2027 budget.
- Abiodun also listed roads, schools, teachers and power plants built since 2019.
Ogun State Governor Dapo Abiodun says two large planned projects are bringing a new wave of investors to the state. He named them as the Gateway Deep Sea Port and the Ogun LNG plant.
Abiodun spoke on Tuesday in Ijebu-Ode at a town hall meeting on the state's 2027–2029 Medium-Term Expenditure Framework and the 2027 budget. The meeting was organised by the Ministry of Budget and Planning.
According to the governor, the port deal was signed in Paris in September with DP World. He said two agreements were signed that day: one for the deep sea port and one for the Ogun Blue Marine and Special Processing Zone.
He put the combined private investment at about $7bn, adding that no government money is involved.
Abiodun also said the proposed Ogun LNG project, put at $10bn, is being developed with the involvement of the Nigerian National Petroleum Company Limited (NNPCL). He said the Lagos-Calabar Coastal Highway, being built by the Federal Government, would improve transport links and open new business corridors.
He said the projects together have raised interest from local and international investors, with more prospective businesses asking about setting up in the state.
What it could mean for residents
If the projects go ahead as planned, they could bring jobs in construction, transport, manufacturing and port services. A working deep sea port would also give businesses in Ogun and nearby states another route for imports and exports, which could affect the cost of moving goods.
The governor said his administration has built or repaired more than 1,700 kilometres of roads since 2019. He also listed a medical centre of excellence, the rehabilitation of over 1,600 public schools, the hiring of more than 6,000 teachers and support for thousands of farmers.
On power, he said plants have been installed in Abeokuta, with similar facilities planned for Ijebu-Ode and Remo. In Ijebu-Ode alone, he said 26 roads have been built, and roads in Oru, Awa, Ilaporu, Ago-Iwoye, Eruwon and Atan were repaired.
What happens next
The state is drawing up its 2027–2029 spending framework and 2027 budget, which the town hall fed into. The port and LNG plans depend on the private partners named by the governor.
