FG revalidates Ondo Deep Sea Port

The Federal Government of Nigeria has approved the revalidation of the Ondo State’s deep sea port licence.

Governor Lucky Aiyedatiwa, who disclosed this development while addressing party leaders in Akure, the state capital, last week, described approval as a milestone pivotal for industrialisation and investments in the state.

He explained that the licence, initially secured from the Federal Government during his tenure as deputy governor, faced delays due to a naming error in the original business case.

“There was an error in terms of the name of the potential investor. It created setbacks because the licence was not in the name of Deep Sea Port Limited. We had to start new processes and prepare a brand-new full business case,” he said.

The Governor revealed the port will be located in Erunona, Ilaje local government area, which boasts the state’s longest coastline and serves as a gateway to global trade.

The corridor, he added, will host chemical plants producing fertilisers, the Sunshine Petroleum Zone, and a modular refinery with a 500,000-barrel capacity, all at different planning and development stages.

“A lot is happening. The MOU has been signed, land allocated and preliminary work done. Construction on the modular refinery has already begun,” he said, underlining the state’s readiness for large-scale investments.

He emphasised infrastructure development as central to the administration’s strategy, noting that roads to industrial zones are being dualised and modernisation projects are ongoing. Preparations for residential, educational, and hospitality facilities to support an anticipated population increase are also underway.