Kayode Akinmade: $10bn investment puts Ogun, NNPC partnership, project at centre of coastal economy

For much than 3 decades, the Olokola Liquefied Natural Gas task remained mostly a committedness connected paper. Now, renewed discussions betwixt the Ogun State Government and the Nigerian National Petroleum Company Limited (NNPC) are placing the stalled task astatine the centre of a broader program to alteration the state’s coastline into an energy, maritime and concern hub.

The talks connected the improvement of the OGLNG task successful Ogun Waterside travel hardly a week aft the authorities authorities signed Memoranda of Understanding with planetary ports and logistics relation DP World for the improvement of the Gateway Deep Sea Port and the 10,000-hectare Ogun State Blue Marine Special Economic Zone.

Together, the projects are expected to pull an archetypal concern of $10 cardinal and make much than 50,000 nonstop jobs. The projected larboard volition person a four-kilometre berth and an 18-metre draft, portion the adjoining economical portion is planned to accommodate manufacturing, processing, logistics and export-oriented industries.

The renewed OGLNG discussions adhd a captious vigor magnitude to this emerging coastal economical corridor, creating the imaginable of an integrated level wherever energy, maritime transport, manufacturing, logistics and planetary commercialized reenforce 1 another.

Receiving NNPC officials successful Abeokuta connected Wednesday, Governor Dapo Abiodun said the renewed engagement connected OGLNG could provi...