ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Business news

Dangote Begins Plans for Massive Deep-Sea Port in Ogun to Boost Trade and Industrial Growth

Victoria Emeto by Victoria Emeto
May 20, 2026
in Business news
0
Dangote Raises Alarm Over Continued Petrol Import Licences in Nigeria

Dangote Industries Limited has commenced preliminary processes for the construction of a deep-sea port covering more than 10,000 hectares at the Olokola Free Trade Zone in Ogun State.

The company said the multi-billion-dollar project forms part of its Vision 2030 agenda aimed at expanding into logistics, maritime infrastructure, and export-led industrialisation.

According to the company, the proposed seaport will be located in Ogun Waterside Local Government Area of Ogun State and extend toward Ilaje Local Government Area of Ondo State along the Atlantic coastline.

Dangote Industries explained that the facility is expected to become a major logistics and industrial hub for exports, imports, and regional trade across Africa.

A delegation from the company, led by the Managing Director of Infrastructure and Logistics at Dangote Industries Limited, Capt. Jamil Abubakar, recently visited host communities in Ogun and Ondo states to begin stakeholder engagements ahead of the project execution.

Speaking during the visit, Abubakar described the project as a major step toward unlocking Nigeria’s economic potential and strengthening Africa’s maritime trade network.

He said the port would reduce pressure on existing ports while supporting industrial growth and creating opportunities for host communities.

“The Olokola Port project is a major step in opening up Nigeria’s economic potential, strengthening trade, reducing pressure on existing ports, and supporting industrial growth,” he said.

Abubakar added that the project would generate jobs, increase business activities, and encourage long-term development across Ogun and Ondo states.

He also noted that the deep seaport was designed as a logistics gateway for an integrated industrial ecosystem that would improve regional commerce and logistics operations across Africa.

According to him, the facility will support the export of fertilisers, petrochemicals, and refined petroleum products. It is also expected to facilitate future liquefied natural gas exports and the importation of heavy industrial equipment.

The Dangote delegation, accompanied by land surveyors and environmental consultants, visited the Ode-Omi community in Ogun State as well as the Araromi Seaside Kingdom and Igbokoda in Ondo State.

Traditional rulers in the affected communities welcomed the project and pledged their support.

The Lenuwa of Ode-Omi, Oba Folailu Adekunle Hassan (Oshotekun II), said the community had long anticipated the project and expressed optimism about its benefits.

He also approved the commencement of surveys and preliminary activities, including household enumeration, assessment of economic trees, and compensation arrangements for affected residents.

Similarly, the Alara of Araromi Seaside Kingdom, Oba Adeoloye Olawole, assured the company of both physical and spiritual support for the successful execution of the project.

The delegation also visited the Nigerian Navy Forward Operating Base in Igbokoda, where the Acting Commanding Officer, Lt. Commander A.A. Makinwa, pledged the Navy’s cooperation in support of national economic development.

Dangote Industries stated that the proposed seaport would drive job creation, attract foreign direct investment, and stimulate sectors such as manufacturing, logistics, and services.

The company further noted that the project would strengthen Nigeria’s export diversification efforts and improve participation in intra-African trade under the African Continental Free Trade Area.

Tags: #DangotePortProject#IndustrialGrowthNigeria#NigeriaTradeExpansion#OlokolaDeepSeaPort
Previous Post

CBN to Raise N650 Billion in New Treasury Bills Auction as Borrowing Continues in Q2 2026

Next Post

NIMASA Reaffirms Partnership With Security Agencies to Sustain Maritime Safety

Victoria Emeto

Victoria Emeto

Next Post
FG Orders NIMASA to Begin Disbursement of CVFF to Indigenous Shipowners

NIMASA Reaffirms Partnership With Security Agencies to Sustain Maritime Safety

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
World Bank Warns Against Public Sector Job Cuts in Developing Countries

Global Carbon Pricing Revenues Surpass $107bn in 2025 – World Bank

May 20, 2026
Foreign Investors Dump Nigerian Equities Worth N576bn in H1 2025 — NGX Report

NGX Rebounds as All-Share Index Gains 1,324 Points on Banking, Cement Rally

May 20, 2026
Zichis Agro-Allied Seeks Shareholder Approval for Capital Raise at First AGM

Zichis Agro Targets N540m Monthly Revenue After Expanding Feed Production Capacity

May 20, 2026
FG Orders NIMASA to Begin Disbursement of CVFF to Indigenous Shipowners

NIMASA Reaffirms Partnership With Security Agencies to Sustain Maritime Safety

May 20, 2026
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

World Bank Warns Against Public Sector Job Cuts in Developing Countries

Global Carbon Pricing Revenues Surpass $107bn in 2025 – World Bank

May 20, 2026
Foreign Investors Dump Nigerian Equities Worth N576bn in H1 2025 — NGX Report

NGX Rebounds as All-Share Index Gains 1,324 Points on Banking, Cement Rally

May 20, 2026
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!