Ogun begins talks with NNPC on revival of $7bn OKLNG project
The Ogun State Government and the Nigerian National Petroleum Company Limited (NNPC) have begun talks on the revival of the long-delayed Olokola Liquefied Natural Gas (OKLNG) project along the state’s coastline in Ogun Waterside.
The talks follow the state government’s agreements with DP World for the development of the Gateway Deep Sea Port and the 10,000-hectare Ogun State Blue Marine Special Economic Zone, with an initial investment exceeding $7 billion and the potential to create more than 50,000 direct jobs.
According to the state government, the proposed revival of OKLNG would add a major energy component to the emerging economic corridor, with NNPC indicating that about 1,728 hectares of land and 2.5 kilometres of Atlantic frontage would be required for the LNG plants, utilities, storage facilities and associated marine infrastructure.
The government said it had assured NNPC of its full cooperation, including the necessary support on land, incentives and guarantees required to revive the project.
It said the vision was to create an integrated coastal economic ecosystem where the Gateway Deep Sea Port would provide maritime access, the Blue Marine Special Economic Zone would drive manufacturing and logistics, while the LNG project would supply energy to industries within Ogun State and across the South-West.
The state government said the investments, alongside other strategic infrastructure, were positioning Ogun Waterside as a major hub for energy, maritime commerce, manufacturing, logistics and international trade.
It added that the emerging developments would create jobs, attract investments and strengthen Ogun State’s position as a major industrial and economic destination.
The government reaffirmed its commitment to unlocking opportunities that would support economic growth and further develop Ogun’s coastal corridor.
