NewStats: 3,263,616 , 8,180,763 topics. Date: Friday, 06 June 2025 at 08:12 PM 525z42

Olokola Deep Seaport and Free Trade Zone .

Ogun State Governor, Otunba Gbenga Daniel, has said that the newly established Olokola Free Trade Zone in his territory, is a step to boost export business in Nigeria, with its peculiar rules and regulation.

The governor made the remark in Abuja at the formal g of Memorandum Of Understanding (MOU) on multibillion dollars Olokola Liquefied Natural Gas (OKLNG) project between Ogun and Ondo state governments, the t owners of the Olokola Free Trade Zone, and the Nigerian National Petroleum Corporation (NNPC), Chevron, Shell and British Gas, who are the promoters of the project.

He added that the project would also serve as a major boost to the country‘s economic development.

Before g the document, Daniel described the project as a major milestone in the determined efforts by government and other major industry players to ensure that Nigeria taps its God-given natural resources to the full benefit of its citizen and overall development.

He praised NNPC for leading a consortium of tested players in the oil and gas industry to bring to realization a project that is expected to develop the country’s total gas stock and bring development to the area.

He assured OKLNG management and other potential investors of the determination of the Ondo and Ogun State governments, to ensure that investors operate in a peaceful environment devoid of crisis.

To make this possible, he said the owner-states have continued to carry the people along and they are treated as t stakeholders of the project. He assured the people of the area that his government would step up the provision of needed infrastructures and other amenities that would guarantee a better standard of living for them.

The governor described Ogun State as "a veritable factory of skilled manpower that would be readily available for the different players in the FTZ. With ten higher institutions our state regularly turning out a considerable number of available manpower that are waiting to be further trained and engaged for productive activities."

The Managing Director of the Nigeria Export Processing Zone Authority, NEPZA, Mr. Shina Agboluaje, in his own remark, said the coming of the OKLNG to the zone would attract other major industries that would altogether boost economic development of the two owner States and Nigeria.

The Group Managing Director of NNPC, Chief Funso Kupolokun, said the g of the memorandum has given a new impetus to the development of the OK-LNG project as it "provides a fiscal and regulatory framework as well as facilities and services that will enable the project to be developed and implemented smoothly".

Kupolokun who is also the Chairman of the project’s steering Committee described the project as strategically important as it would enable Nigeria achieve its national policy of aggressively developing and monetizing its abundant gas reserves.

He commended governor Daniel whom he described as a trailblazer in all ramifications for working assiduously to see that the project became a reality. The NNPC boss predicted that the OKLNG project would bring a wide ranging, far-reaching, long term benefit and opportunities to the country. He said one of the key benefits is its potential to provide gas for the country new gas –fired power plants that would provide additional electricity generation capacity.

The OK-LNG initiative according to the project director, Dr. Funmi Coker would at the construction stage, scheduled to begin next year (2007)require a manpower of between 8000 and 10,000..



This is by no means the one of the biggest project in recent times in ogun/ondo state and has enormous potential for Employment during the project execution stage and the  when the  LNG Trains/ FTZ is actually up and running.

So people in the House anyone that has an update as regards Recuriments /employment/Hire/contracts ETC, please post such details on the Job and career sections. God Bless.