*Gov Dapo Abiodun, speaking while receiving officials of the Nigerian National Petroleum Company Limited (NNPC).
The Ogun State Government has commenced discussions with the Nigerian National Petroleum Company Limited (NNPC Ltd.) on plans to revive the long-delayed Olokola Liquefied Natural Gas (OKLNG) project in Ogun Waterside.
The development is coming on the heels of the state’s agreements with DP World for the development of the Gateway Deep Sea Port and the 10,000-hectare Ogun State Blue Marine Special Economic Zone, projects with an initial investment value exceeding $7 billion and projected to create more than 50,000 direct jobs.
The state government said the proposed revival of the OKLNG project would introduce a major energy component to the emerging coastal economic corridor and further strengthen Ogun’s industrial and maritime ambitions.
According to the government, NNPC officials recently held discussions with the state on the possible revival of the LNG project, which has remained stalled for several years.
Under the proposal, NNPC indicated that approximately 1,728 hectares of land and 2.5 kilometres of Atlantic coastline would be required for the development of LNG plants, utilities, storage facilities and associated marine infrastructure.
The Ogun State Government said it had assured NNPC of its readiness to provide the necessary cooperation and support, including assistance relating to land, incentives and guarantees required to facilitate the project.
The proposed development is expected to complement other major investments planned for Ogun Waterside, with the state government envisioning an integrated coastal economic ecosystem linking energy, maritime transportation, manufacturing, logistics and international trade.
Under the emerging framework, the Gateway Deep Sea Port would provide maritime connectivity, while the Blue Marine Special Economic Zone would serve as a platform for manufacturing and logistics activities. The revived OKLNG project, in turn, would provide an additional energy component to support industries within Ogun State and the wider South-West.
The government said the convergence of these projects, alongside other strategic infrastructure initiatives, was positioning Ogun Waterside as an emerging hub for energy, maritime commerce, manufacturing, logistics and international trade.
It added that the state remained committed to pursuing investments capable of creating employment, attracting domestic and foreign capital and strengthening Ogun’s position as a major industrial and economic destination in Nigeria.