President Bola Tinubu has given the green light for commercial oil drilling to begin at Tongeji Island in Ipokia LGA of Ogun State and has also approved the immediate take-off of the long-delayed Olokola Deep Seaport Project in Ogun Waterside, signaling a major push to unlock the state’s oil and maritime potential.
With the approval for commercial drilling on Tongeji Island, Ogun State is poised to formally join the ranks of Nigeria’s oil-producing states, a move expected to attract new investment, create jobs, and increase revenue for both the state and the federation. The project is anticipated to spur supporting infrastructure in the border-area communities, including roads, logistics, and security installations.
The President’s directive on the Olokola Deep Seaport revives a key coastal infrastructure project that has been on the drawing board for years, envisioned as a major Atlantic gateway for cargo, oil and gas services, and industrial activity in the Southwest. Once operational, the deep seaport is projected to ease pressure on existing ports, enhance regional trade, and position Ogun as a critical logistics and energy hub along Nigeria’s coastline.
