Kayode Akinmade: $10bn investment puts Ogun, NNPC partnership, project at centre of coastal economy - Daily Post Nigeria

Author: Daily Post StaffPublished on: October 1, 2026Country: Nigeria
Business & Economy
Kayode Akinmade: $10bn investment puts Ogun, NNPC partnership, project at centre of coastal economy - Daily Post Nigeria

After more than thirty years, the Olokola Liquefied Natural Gas (OGLNG) project is being revived through renewed discussions between Ogun State Government and the Nigerian National Petroleum Company Limited (NNPC). These talks are part of a broader plan to develop Ogun's coastline into an energy, maritime, and industrial hub, with an initial investment of $10 billion and over 50,000 direct jobs. The proposed port will feature a four-kilometer berth and an 18-meter draft, linked to a 10,000-hectare economic zone for manufacturing, processing, logistics, and export industries.

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