Ogun State is on the brink of a major economic transformation as President Bola Ahmed Tinubu has approved the commencement of commercial oil drilling at Eba in Ogun Waterside Local Government Area, alongside renewed momentum for the Olokola Deep Seaport project.
Governor Dapo Abiodun disclosed this while receiving the Flag Officer Commanding, Western Naval Command of the Nigerian Navy, Rear Admiral Abubakar Abdullahi Mustapha, at Oke-Mosan, Abeokuta. He described the approvals as a major breakthrough and a turning point in Ogun State’s economic history.
The Olokola Deep Seaport, to be developed as the Blue Marine Economic Zone, is expected to become operational next year. The deep-water port will decongest Lagos ports, boost trade and logistics, attract investment, and position Ogun as a major maritime and industrial hub in West Africa.
The commencement of oil drilling at Eba is set to place Ogun among Nigeria’s oil-producing states, opening doors to derivation revenue, job creation, coastal development, and infrastructure growth. The projects will also strengthen coastal security and complement the state’s growing assets, including the Gateway International Airport and Aerotropolis.
This is another strong step in our integrated development drive under the ISEYA agenda, focused on sustainable growth, industrial expansion, and long-term prosperity for our people.
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