Dangote Plans Nigeria’s Biggest Industrial Zone in Ondo
Aliko Dangote has unveiled plans to develop a major industrial and free trade zone in Ondo State, a project officials say could become one of Nigeria’s largest manufacturing hubs.
The plan was discussed during Dangote’s visit to Governor Lucky Aiyedatiwa in Akure, where he outlined a power-driven investment hub at Olokola in Ilaje Local Government Area.
According to reports, the proposed zone will cover power generation, cement production, gas infrastructure and industrial manufacturing. Dangote said the idea is to create an environment where investors can plug into basic infrastructure without facing the usual power, water and logistics bottlenecks.
He was quoted as saying the group wants to create a large free trade zone where investors can come in and operate with ready infrastructure. Contractors are expected to move to site within three to four months, with full construction targeted for the last quarter of 2026.
The project is also expected to connect with gas infrastructure through an east-west corridor, which could support energy-intensive industries and reduce the cost of production for manufacturers.
Governor Aiyedatiwa said the plan fits into Ondo State’s industrialisation agenda. He pointed to the Lagos-Calabar Coastal Highway corridor, the state’s deep seaport licence and limestone deposits as assets that could support large-scale investment.
Reports said a technical committee has been set up to work with Dangote Group on land, legal, community and operational issues before construction begins.
If delivered as proposed, the Ondo hub would deepen private-sector investment outside Lagos and create a new base for factories that need steady energy, port access and reliable industrial services.
Sources: The Guardian Nigeria, Punch, BusinessDay, Arise News
Written by
Amina Garba
Financial reporter covering CBN policy, oil and gas, government budgets, and macroeconomic trends. Business Writer at NaijaTrend.
You May Also Like
Business
FG rules out immediate solar import ban until local production can meet demand
The Federal Government says it will not ban solar panel imports before Nigeria can produce enough equipment locally, kee…
Business
Auditor-General flags alleged N345.5m duplicate payment on Abuja ICT Park
The Auditor-General of the Federation has questioned an alleged N345.5 million duplicate payment by the Federal Ministry…
Business
NNPC says N66 petrol discount will run until October 31
NNPC Limited says its N66-per-litre petrol discount will continue until October 31 at its retail stations nationwide. Th…
Business
World Bank says state revenues rose 93% while education’s spending share fell
Nigeria’s 36 states received substantially more revenue between 2023 and 2025, but education took a smaller share of the…