$10bn Investment Puts Ogun, NNPC Partnership and Long-Delayed OGLNG Project at Centre of Emerging Coastal Economy

THISDAYLIVE | 06-10-2026 04:48am |

Renewed discussions between the Ogun State Government and the Nigerian National Petroleum Company Limited (NNPC) are placing the long-stalled Olokola Liquefied Natural Gas (OGLNG) project at the centre of a plan to transform the state's coastline into an energy, maritime, and industrial hub. The talks come after the state signed Memoranda of Understanding with DP World for the Gateway Deep Sea Port and the 10,000-hectare Ogun State Blue Marine Special Economic Zone. Together, the projects are expected to attract an initial investment of $10 billion and create more than 50,000 direct jobs. The proposed port will have a four-kilometre berth and an 18-metre draft.

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