Billionaire industrialist Aliko Dangote has unveiled plans to develop a major seaport and significantly expand cement production in Ogun State, marking a renewed investment push in the region.
During a meeting with Governor Dapo Abiodun and the State Executive Council on Monday, Dangote announced his company’s commitment to constructing what he described as “the largest port in the country” at the Olokola Free Trade Zone.
This move revives a previously abandoned project, reinforcing Ogun’s position as a key industrial hub.
In addition to the seaport project, Dangote disclosed that two new cement production lines are under construction in Itori, with a combined capacity of 6 million metric tons per year. These new plants will complement the existing 12 million metric ton facility in Ibeshe, making Ogun State a major force in Africa’s cement industry.
Dangote highlighted past obstacles faced while attempting to establish operations in Itori. “Our factory at Itori was demolished twice. The second time, they even took down the fence, so we had to halt operations. However, thanks to the support of His Excellency, Governor Dapo Abiodun, we are back,” he stated.
Governor Abiodun welcomed the new investments, emphasizing that the cement expansion would make Ogun State the largest cement-producing region in sub-Saharan Africa, with a total capacity of 18 million metric tons. “The way you continue to promote Nigeria globally with your business investments is truly commendable. We are grateful,” Abiodun told Dangote.
Dangote further revealed that 70% of his company’s total cement production in Africa takes place in Nigeria, with the Obajana plant in Kogi State contributing 16.25 million metric tons annually.
Following the meeting, the Ogun State delegation, alongside Dangote’s team, inspected the construction site at Itori and visited the Papalanto concrete-paved road, 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 site visit, reaffirming local support for the industrial expansion.
With these strategic developments, Ogun State is poised to become a key player in Nigeria’s industrial growth, attracting more investors and positioning itself as a leading cement and logistics hub in West Africa.
