Ondo State Governor, Lucky Aiyedatiwa and Aliko Dangote
President of the Dangote Group, Aliko Dangote, has revealed plans to establish what is expected to become Nigeria’s largest industrial and free trade zone in Olokola, Ondo State, with construction scheduled to commence in the final quarter of 2026.
The ambitious project is designed to create a world-class industrial ecosystem by providing critical infrastructure, including dedicated electricity, water supply, gas facilities, and efficient logistics networks.
The initiative aims to address longstanding challenges faced by manufacturers and investors while creating a conducive environment for large-scale industrial activities.
As part of the development, the Dangote Group will also invest in key sectors such as power generation, cement manufacturing, and gas infrastructure to support sustainable industrial growth within the zone.
Speaking on the proposed investment, Ondo State Governor, Lucky Orimisan Aiyedatiwa, described the project as a landmark development that could significantly accelerate the state’s industrialisation agenda.
He noted that the initiative would attract investments, stimulate economic activities, and generate thousands of direct and indirect employment opportunities for residents.
To ensure the smooth implementation of the project, the state government has constituted a technical committee to collaborate closely with the Dangote Group. Governor Aiyedatiwa also reaffirmed the administration’s commitment to providing the necessary support and enabling environment required for the project’s success.
When completed, the industrial and free trade zone is expected to strengthen Ondo State’s position as a major investment destination and contribute significantly to Nigeria’s economic expansion.
