Ogun State Governor, Dapo Abiodun, has announced that the planned $7 billion Gateway Deep Sea Port and the proposed $10 billion Ogun Liquefied Natural Gas (OgunLNG) project are drawing fresh waves of investors to the state. These strategic investments, along with the proposed Ogun Blue Marine and Special Economic Zone and the Lagos-Calabar Coastal Highway, are opening up new economic opportunities and generating interest among local and international investors.
The governor made this known during a town hall meeting on the 2027–2029 Medium-Term Expenditure Framework (MTEF) and the 2027 Budget in Ijebu-Ode. He described the planned Deep Sea Port as a defining legacy project of his administration, noting that agreements recently signed in Paris with DP World would attract approximately $7 billion in private-sector investment into Ogun State. The agreements cover the development of the Gateway Deep Sea Port and the Ogun Blue Marine and Special Economic Zone.
According to Abiodun, the agreements translate to a significant investment of private capital, with no government investment. The proposed $10 billion OgunLNG project, being developed with the involvement of the Nigerian National Petroleum Company Limited (NNPC), would further strengthen the state’s investment prospects. The Lagos-Calabar Coastal Highway would enhance connectivity and open up new economic corridors, increasing investors’ interest in Ogun.
The governor noted that his administration’s investment in infrastructure, human capital development, and the provision of an enabling business environment since 2019 had laid the foundation for the state’s growing economic profile. Over 1,700 kilometres of roads have been constructed or rehabilitated across the state, with substantial interventions also undertaken in healthcare, education, agriculture, electricity, and security.
Abiodun highlighted several major interventions undertaken by his administration, including the Gateway Medical Centre of Excellence, the rehabilitation of more than 1,600 public schools, and the recruitment of over 6,000 teachers. The administration has also provided support for thousands of farmers and installed power plants in Abeokuta, with similar facilities to be established in Ijebu-Ode and Remo to improve electricity supply.
The governor described the town hall meeting as particularly significant, being the last of such budget consultations to be held by his administration. He emphasized the importance of sustaining government policies and programmes beyond his administration, noting that development should be a continuous process rather than one tied to a particular government.
Abiodun assured participants that submissions made at the meeting would be carefully considered in the preparation of the 2027 budget. He expressed appreciation to the people of Ogun State for their cooperation and support over the past seven years, assuring them that his administration would remain focused on delivering its commitments until the end of its tenure.
Key points
- Ogun State is attracting fresh investment with the planned $7 billion Gateway Deep Sea Port and $10 billion OgunLNG project.
- The state’s growing economic profile is attributed to investments in infrastructure, human capital development, and an enabling business environment.
- The 2027 budget will focus on realistic spending, completing ongoing projects, and delivering essential services.
