The Ondo State Government has declared that Aliko Dangote's commitment to developing the Olokola Free Trade Zone (OKFTZ) will significantly reshape the state's economic landscape. Commissioner for Information and Orientation, Idowu Ajanaku, described the development as historic, noting that the Dangote Group's plan will provide essential infrastructure to attract both local and foreign investors.
Industrial Zone to Become Nigeria's Largest Free Trade Area
The proposed industrial zone is expected to become Nigeria's largest free trade area, delivering infrastructure including independent power generation, water supply systems, gas facilities, and comprehensive logistics services. According to Ajanaku, Governor Lucky Aiyedatiwa is focused on diversifying the state's economy beyond its current civil service-dominated structure.
“This landmark investment will transform Ondo State into a major industrial and business hub in the South-West region,” he stated. He maintained that the project's scope extends beyond manufacturing, with potential to stimulate businesses, increase internally generated revenue, and create thousands of direct and indirect employment opportunities for residents.
“The strategic location of the OKFTZ along the Lagos-Calabar Coastal Highway corridor, combined with integrated gas infrastructure, would further strengthen Ondo State's position as an emerging industrial destination.”
APC Chieftain Commends Aiyedatiwa's Leadership
Meanwhile, a stakeholder within the All Progressives Congress (APC), Valentine Olaleye, commended Aiyedatiwa for his leadership and economic foresight regarding the development. He stressed that the move indicates the state is reclaiming its rightful place as a major center of industrial potential in the country, noting that the renewed interest from the Dangote Group represents more than just investment interest.
“This development is not just another business announcement. It is a clear vote of confidence in Ondo State, its people, its resources, and the future being deliberately shaped under the present administration.
“Aiyedatiwa deserves commendation for understanding that the progress of a state is measured not only by words but by the quality of opportunities created for the people.
“By strengthening the confidence of investors and promoting a climate where serious businesses can thrive, his administration is laying a foundation for sustainable development, wider employment, and long-term prosperity.”
Olaleye added that the proposed industrial and free trade zone has the capacity to become a major economic engine for Ondo State, opening doors for manufacturing, logistics, construction, energy, trade, agriculture, transportation, and hospitality, thereby creating direct and indirect jobs, expanding opportunities for young people, and improving revenue prospects.
