Ogun, NNPC partner to revive OKLNG as $7bn port, marine economy project takes shape

Ogun State and NNPC are collaborating to revive the long-delayed OKLNG project in Ogun Waterside. This addition to the $7 billion maritime and industrial development along the state's coastline will bolster the region as a major industrial and energy hub. The project, initially planned three decades ago, could provide a vital energy base for industries and meet energy demands across the South-West.

Discussions with NNPC focus on land acquisition, incentives, and other requirements for the project's launch, with the state committing to provide necessary cooperation and guarantees. The revived OKLNG project, along with the DP World-backed Gateway Deep Sea Port and Blue Marine Special Economic Zone, will create an integrated ecosystem for energy, manufacturing, maritime trade, and logistics.