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Abiodun: Ogun deep sea port, LNG projects dey draw new investors

By Naija Breaking Newsroom2 min read
The gist
  • Governor Dapo Abiodun talk say two planned projects wey worth about $17bn dey pull fresh investor interest into Ogun State.
  • E talk for Ijebu-Ode for one town hall on the state's 2027–2029 spending framework and 2027 budget.
  • Abiodun also list roads, schools, teachers and power plants wey dem build since 2019.

Ogun State Governor Dapo Abiodun talk say two big planned projects dey bring new wave of investors to the state. E name dem as the Gateway Deep Sea Port and the Ogun LNG plant.

Abiodun talk on Tuesday for Ijebu-Ode for one town hall meeting on the state's 2027–2029 Medium-Term Expenditure Framework and the 2027 budget. The Ministry of Budget and Planning organise the meeting.

According to the governor, dem sign the port deal for Paris in September with DP World. E talk say dem sign two agreements that day: one for the deep sea port and one for the Ogun Blue Marine and Special Processing Zone.

E put the combined private investment at about $7bn, and add say no government money dey inside.

Abiodun also talk say the proposed Ogun LNG project, wey dem put at $10bn, dey being developed with the involvement of the Nigerian National Petroleum Company Limited (NNPCL). E talk say the Lagos-Calabar Coastal Highway, wey the Federal Government dey build, go improve transport links and open new business corridors.

E talk say the projects together don raise interest from local and international investors, with more prospective businesses dey ask about setting up for the state.

Wetin e fit mean for residents

If the projects go as planned, dem fit bring work for construction, transport, manufacturing and port services. One working deep sea port go also give businesses for Ogun and nearby states another route for imports and exports, wey fit affect the cost of moving goods.

The governor talk say him administration don build or repair more than 1,700 kilometres of roads since 2019. E also list one 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, e talk say dem don install plants for Abeokuta, with similar facilities planned for Ijebu-Ode and Remo. For Ijebu-Ode alone, e talk say dem don build 26 roads, and dem repair roads for Oru, Awa, Ilaporu, Ago-Iwoye, Eruwon and Atan.

Wetin go happen next

The state dey draw up im 2027–2029 spending framework and 2027 budget, wey the town hall feed into. The port and LNG plans depend on the private partners wey the governor name.

Sources

This story draws on reporting by:

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