Tinubu Approves Commercial Oil Drilling, Olokola Deep Seaport Take-Off in Ogun State
Tinubu Approves Commercial Oil Drilling, Olokola Deep Seaport Take-Off in Ogun State
Tinubu Approves Commercial Oil Drilling, Olokola Deep Seaport Take-Off in Ogun State
Ogun State is set to enter a new phase of economic transformation following the approval by President Bola Ahmed Tinubu, GCFR, for the commencement of commercial oil drilling at Tongeji Island, a move that places the state firmly on the path to becoming an oil-producing state.
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The landmark approval is expected to open up fresh economic opportunities for coastal communities, drive inclusive growth, and usher in sustainable development across the state. It also marks a significant breakthrough in harnessing Ogun State’s offshore resources for national and local prosperity.
In a related development, President Tinubu has also granted approval for the immediate take-off of the long-awaited Olokola Deep Seaport project in Ogun Waterside Local Government Area. The multibillion-dollar initiative, which has been in the pipeline for years, has now been officially activated.
The new seaport, to be known as the Blue Marine Economic Zone, is projected to play a key role in decongesting the Lagos ports while unlocking vast commercial, industrial, and logistics opportunities. Its strategic location, complemented by the coastal highway, is expected to provide an alternative trade corridor and significantly boost maritime and industrial activities in the region.
The Ogun State Government also commended the Nigerian Navy for establishing a Forward Operations Base at Tongeji Island, a development aimed at strengthening border security, protecting emerging oil operations, and safeguarding Nigeria’s territorial integrity.
The state reaffirmed its commitment to providing essential amenities for island communities and sustaining close collaboration with security agencies to ensure continued peace, safety, and stability across Ogun State.
The twin approvals are widely seen as game changers that will reposition Ogun State as a major player in Nigeria’s oil, maritime, and blue economy sectors.
Tinubu Approves Commercial Oil Drilling, Olokola Deep Seaport Take-Off in Ogun State
