Ondo State Governor Lucky Orimisan Aiyedatiwa has held a high-level corporate meeting with the President of the Dangote Group, Alhaji Aliko Dangote, in Lagos to conclude technical modalities for the revival of the Olokola Free Trade Zone (OKFTZ). Driven under the administration’s \"OUR EASE\" development blueprint, the inter-state working session targeted accelerating the transformation of the coastal corridor into a plug-and-play multi-sector industrial hub.
The structural abandonment of large-scale free trade zones over the past decade has cost the state billions in potential internally generated revenue (IGR) and worsened youth unemployment across coastal communities. Establishing a dedicated private sector partnership with the Dangote Group guarantees the independent generation of power and rapid infrastructure delivery within the zone, removing utility bottlenecks for upcoming factories and leveraging the state's deep seaport license to handle massive maritime logistics.
The reactivation of this strategic maritime asset highlights a proactive policy shift toward industrialization and macro-economic resource tracking. By constituting a specialized technical committee to untangle old administrative bottlenecks and offering targeted policy incentives to heavy manufacturing investors, the government successfully expands its non-oil revenue collections and accelerates long-term regional development.
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