$10bn investment puts Ogun, NNPC and OGLNG project at centre of emerging coastal economy, By Kayode Akinmade
The talks on the development of the OGLNG project in Ogun Waterside come barely a week after the state government signed Memoranda of Understanding with global ports and logistics operator DP World for the development of the Gateway Deep Sea Port and the 10,000-hectare Ogun State Blue Marine Special Economic Zone.
Combined with the $7 billion Gateway Deep Sea Port and Blue Marine Special Economic Zone, it gives concrete expression to a new vision for Ogun Waterside—one in which the coastline becomes a strategic gateway for energy, industry, maritime trade and investment.
The combination creates the prospect of a powerful development chain: gas and energy to support industry, a special economic zone to attract investment and production, a deep sea port to facilitate the movement of goods, and road infrastructure to connect the emerging corridor to domestic and regional markets.
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