Nigerian multi-billionaire business man and Chief Executive Officer of Dangote Group, Aliko Dangote, has stated that once the proposed Atlantic seaport in Olokola, Ogun State being put in place by the state government under the leadership of Prince Dapo Abiodun will be the largest deep seaport in Nigeria on completion, reports Business Today NG.
Once completed, the port will link the conglomerate’s logistics and export operations and rival facilities in Lagos, Nigeria’s commercial capital, including the Chinese-funded Lekki Deep Sea Port opened in 2023.
Olokola deep seaport lies about 100 kilometers (62 miles) by road from the billionaire’s fertilizer plant and petrochemicals refinery in Lagos.
Dangote currently exports urea and fertilizer through an on-site jetty he built, that also receives heavy equipment for the refinery.
Dangote , Africa’s richest person has applied to begin work on a seaport near his fertilizer and oil refinery plants to make it easier to export goods — including liquefied natural gas — and support the rapid growth of his industrial empire.
Recall that Aliko Dangote’s plan “to build the biggest, deepest port in Olokola, in the state” took wings after he sent in the paperwork for permission in late June, he said in an interview in Lagos.
“It’s not that we want to do everything by ourselves, but I think doing this will encourage other entrepreneurs to come into it,” he said.
The port marks the billionaire’s return to the same site where he had previously abandoned plans to build his giant refinery and fertilizer complex after problems with people of the community.