Dangote’s return to Olokola signals new investment opportunities, says ALGON chairman

By Dayo Johnson, Akure

The Chairman of Akure South Local Government and Chairman of the Association of Local Governments of Nigeria (ALGON) in Ondo State, Fasua Gbenga, has welcomed plans by Aliko Dangote to invest in the Olokola Free Trade Zone, describing the development as a positive step for economic growth and industrial development in Ondo State.

In a statement issued in Akure, Fasua commended Governor Lucky Orimisan Aiyedatiwa for efforts aimed at attracting investment to the state.

According to him, the renewed interest in the Olokola Free Trade Zone could contribute to job creation, industrial expansion and increased economic activities.

“For many years, the Olokola project remained a symbol of unrealised expectations. The renewed interest in the zone presents an opportunity for economic development and greater investor participation in Ondo State,” he said.

Fasua described Dangote’s planned return to the project as a sign of confidence in the state’s investment environment.

“The return of Alhaji Aliko Dangote to Olokola reflects growing investor interest in the opportunities available in Ondo State and the efforts being made to create a conducive environment for business and industrial development,” he stated.

He noted that Dangote had publicly acknowledged Governor Aiyedatiwa’s engagement with the private sector, adding that collaboration between government and investors remains important for sustainable development.

According to the ALGON chairman, the proposed investments are expected to span sectors such as power generation, cement production, gas infrastructure, industrial manufacturing and the development of an industrial city.

He said the projects, if implemented, could enhance Ondo State’s position as an emerging industrial and commercial centre in Nigeria and the West African sub-region.

“Investment is often driven by confidence in the business environment. Continued collaboration between government and the private sector can help unlock economic opportunities and support long-term development,” Fasua added.

Speaking on behalf of ALGON and the 18 local government areas in the state, he expressed support for initiatives aimed at promoting economic growth and improving livelihoods.

Fasua also expressed optimism that the revival of activities in the Olokola Free Trade Zone would contribute to industrialisation, employment generation and broader economic development in Ondo State.

“On behalf of ALGON and the local government family in Ondo State, we reaffirm our support for policies and initiatives that promote economic growth and sustainable development across the state,” he said.

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