DANGOTE SUBMITS APPLICATION FOR OLOKOLA SEAPORT DEVELOPMENT

Billionaire Aliko Dangote has taken another step towards building Nigeria’s industrial future by submitting an application for the development of a large-scale seaport in Olokola, Ogun State. The proposed seaport, which Dangote envisioned over a decade ago, will serve as a hub for the export of industrial and energy products, including liquefied natural gas (LNG), fertilizers, and fuels.

According to Dangote, the seaport will be a crucial component of Nigeria’s industrial strategy, facilitating the export of products and streamlining the supply chain. “Our ambition is clear: to build Nigeria’s largest deep-sea seaport to facilitate the export of our industrial and energy products,” he said.

The project includes the construction of a gas pipeline connecting the Niger Delta to Olokola, which will provide a vital energy backbone for the country. Dangote expressed his confidence in the project’s potential, stating, “I want us to occupy our place in the LNG market, currently dominated by Nigeria LNG Ltd. But I am convinced that we can offer a robust and competitive alternative, capable of creating even more value for Nigeria.”

In addition to the seaport, Dangote’s company will launch a fleet of 4,000 tanker trucks in August 2025 to distribute fuels directly across the country. “We have invested in Africa’s largest refinery; it makes sense to also master logistics to ensure efficient and stable supply,” he explained.

Dangote emphasized that his vision is not about creating a monopoly but about building infrastructure and stimulating an entire industrial ecosystem. “My fortune is just one tool in the service of a greater ambition: to build an industrialized, competitive, and sovereign Nigeria,” he said.

The development of the Olokola seaport is expected to transform Nigeria’s coastline into a logistics and energy hub, reduce dependence on congested ports, and attract new investors. Dangote’s long-term vision for the project is driven by his commitment to building a stronger, more industrialized Nigeria.