GistReel

Nigerian billionaire and industrialist Aliko Dangote has unveiled plans to construct the country’s largest seaport at the Olokola Free Trade Zone in Ogun State.

Speaking during a meeting with Governor Dapo Abiodun and Ogun State officials on Monday, Dangote confirmed that the long-abandoned Olokola Seaport project would be revived under his company’s leadership.

He emphasized that the port would significantly boost trade, improve logistics, and strengthen Nigeria’s position as a regional economic powerhouse.

Beyond the seaport project, Dangote also announced a massive expansion of cement production in Ogun State, with two new cement production lines under construction at Itori.

These new facilities will add a combined capacity of six million metric tons per annum, complementing the existing 12 million metric ton plant at Ibeshe.

“Our factory at Itori was pulled down twice. When we started the second time, they not only demolished the factory but also the fence, so we left. But right now, because of His Excellency, our governor, Prince Dapo Abiodun, we are back,” Dangote stated.

Governor Dapo Abiodun welcomed the investment, stating that the expansion would position Ogun State as the largest cement producer in sub-Saharan Africa, with a total output of 18 million metric tons annually.

“The way you selflessly continue to promote this country all over the world, we can’t thank you enough,” Abiodun told Dangote.

Dangote further revealed that 70% of Dangote Cement’s total African production takes place in Nigeria, with the Obajana plant in Kogi State producing 16.25 million metric tons per year.

Following the meeting, Dangote and the state delegation inspected the Itori cement plant construction site and the Papalanto concrete-paved road project, which is being developed under the federal government’s tax credit scheme.

Traditional rulers, including the Olu of Itori, Oba Abdulfatai Akorede Akamo, were also present during the visit.