Ogun State Set to Join Oil-Producing States, Eyes Deep Seaport Development

ABEOKUTA – Ogun State Governor Dapo Abiodun has announced a major economic transformation for the state, following federal approval to commence commercial oil drilling and renewed momentum for the Olokola Deep Seaport project.

Oil Discovery and Deriation Benefits

Governor Abiodun confirmed that oil exploration at the Eba field has progressed to the stage of commercial drilling. This development, he stated, will officially classify Ogun as an oil-producing state, making it eligible to receive a 13% derivation fund from the federal government, as mandated by the Nigerian Constitution for states that produce natural resources.

The governor described President Bola Tinubu's approval as a "major breakthrough" and a turning point in the state's economic history. He highlighted that the project is expected to generate employment, stimulate growth in coastal communities, and provide new revenue for infrastructure and social development. Abiodun also noted potential for bitumen extraction in the area.

Revival of the Olokola Deep Seaport

In a related development, Governor Abiodun announced that the long-planned Olokola Deep Seaport project is now "back on the table." He revealed that his administration has held several meetings on the project in recent weeks and has received clear presidential support for its realization.

The seaport, designated as a Blue Marine Economic Zone, is slated to launch next year. It aims to decongest ports in Lagos, boost regional logistics, and establish Ogun as a key maritime hub in West Africa. The governor cited businessman Aliko Dangote’s recent expressed interest in building the "biggest, deepest seaport in Nigeria" at Olokola as a significant vote of confidence.

Security and Economic Integration

Governor Abiodun linked the two projects to enhanced national security. He announced that Ogun State has provided land for a Nigerian Navy base to strengthen coastal security and curb cross-border infiltration. The Navy's forward operations base at Tongeji Island will oversee the coastline.

The integrated development plan, combining hydrocarbon resources and port infrastructure, is projected to bring substantial revenue to the state through trade, logistics, and job creation, positioning Ogun for a new era of industrial and economic prominence.