The Ogun State Government and the Nigerian National Petroleum Company Limited have begun discussions on reviving the long-delayed Olokola Liquefied Natural Gas project as plans for a proposed $7 billion deep-sea port and broader maritime development in Ogun Waterside gather momentum.
Governor Dapo Abiodun disclosed this while speaking on infrastructure and investment plans for Ogun Waterside, saying the proposed projects were expected to strengthen industrialisation, maritime activities and economic development in the coastal axis.
According to Abiodun, discussions with NNPC have advanced efforts to revive the OKLNG project, while the company has also intensified oil exploration activities in the area in a bid to establish commercial reserves.
The OKLNG project, which has remained stalled for years, is being positioned alongside the proposed Ogun Deep Sea Port, the Lagos-Calabar Coastal Highway and other infrastructure projects planned for the Ogun Waterside corridor.
Abiodun said the 28-kilometre Ogun section of the Lagos-Calabar Coastal Highway is expected to improve access to the coastline and address one of the major challenges that had hindered development of the proposed deep-sea port.
He said the coastal road would run between three and five kilometres from the coastline, significantly improving connectivity to the proposed port and creating conditions for increased investment in the area.
The governor also disclosed plans for a naval base and dockyard within the proposed port complex, saying the facilities would support maritime security and commercial shipping activities.
The convergence of the coastal highway, deep-sea port, oil exploration and the proposed revival of OKLNG is expected by the state government to transform Ogun Waterside into a major industrial and maritime corridor.
The state government has also embarked on road rehabilitation and other infrastructure projects in the area as part of efforts to prepare Ogun Waterside for increased economic activity.
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