Aliko Dangote, President of Dangote Group, has reaffirmed plans to develop a large-scale industrial and free trade zone in Olokola, Ondo State, in a move aimed at boosting manufacturing capacity and addressing Nigeria’s long-standing infrastructure challenges.
During a courtesy visit to the Ondo State Governor, Aliko Dangote outlined a renewed investment framework that includes power generation, cement production, gas infrastructure, and logistics systems to support industrial activity within the proposed hub.
He said the project, to be located in Olokola, is designed as a fully integrated investment zone where manufacturers can operate without the delays linked to unreliable utilities. The plan includes dedicated electricity supply, water systems, and logistics support.
Dangote explained that Nigeria’s power deficit remains a major constraint to industrial growth, noting that many manufacturers still depend on self-generated electricity. The proposed model, he said, would integrate independent energy supply to improve efficiency and reduce costs.
The industrialist also disclosed plans to develop gas infrastructure through an east-west corridor to support energy-intensive industries within the zone.
He added that contractors are expected to mobilise to the site within three to four months, while full construction is projected to begin in the last quarter of the year.
The initiative builds on earlier attempts to invest in Olokola, which were previously slowed by operational challenges. Dangote said improved conditions and stronger collaboration with the state government have now made the project viable.
Ondo State Governor Lucky Orimisan Aiyedatiwa welcomed the proposal, describing it as a major step in the state’s industrialisation drive. He noted that Ondo’s strategic position along the Lagos-Calabar Coastal Highway corridor offers strong logistics advantages for investors.
The governor also highlighted the state’s deep seaport licence and confirmed that limestone deposits suitable for industrial use had been identified, potentially supporting cement production expansion.
According to Channels Television, a technical committee has been established to work with Dangote Group on legal, land, and community frameworks, while the state has pledged full support for the project’s execution.
If completed as planned, the industrial zone is expected to generate large-scale employment and strengthen Nigeria’s manufacturing base.
