Africa’s richest man, Aliko Dangote’s deep-seaport project ambition in Ogun State has already begun to take shape.
This comes after Dangote, a business mogul has submitted paperwork to commence construction of the deep-seaport in Ogun State.
Set to be located in Olokola, Ogun State, Dangote’s deep-seaport is set to become Nigeria’s largest and deepest seaport after completion.
According to a report by Bloomberg published on Monday, July 14, Dangote disclosed that the paperwork was submitted in late June 2025 during an interview in Lagos State.
“Africa’s richest person has applied to begin work on a seaport near his fertilizer and oil refinery plants to make it easier to export goods — including liquefied natural gas — and support the rapid growth of his industrial empire.
“Aliko Dangote’s plan “to build the biggest, deepest port in Nigeria took wings after he sent in the paperwork for permission in late June, he said in an interview in Lagos,” the Bloomberg report reads in part.
Before now, Dangote had announced his ambitions to embark on the deep-seaport project in Ogun State.
He said the project aims to revolutionize logistics, ease pressure on Lagos ports, and boost the export capabilities of the Dangote Group’s industrial empire, particularly in fertilizer, petrochemicals, and liquefied natural gas (LNG).
The proposed Dangote deep-seaport in Ogun State also marks a return to Olokola, where Dangote had previously abandoned plans for a refinery and fertilizer plant due to disputes with local authorities.
Recall that in March, Dangote, during a visit to Governor Dapo Abiodun of Ogun State, announced that the issue on the land has been resolved, paving the way for this mega project.
Alongside the seaport, the Dangote Group is advancing plans to construct pipelines from the Niger Delta to Lagos, to enable large-scale exports of liquefied natural gas (LNG).
According to the company’s Vice President, Devakumar Edwin, the project could surpass the output of Nigeria LNG Ltd., the country’s current leading LNG exporter.
The company is also preparing to launch nationwide fuel distribution in August 2025, deploying a fleet of 4,000 gas-powered trucks. While the expansion has drawn concerns over possible market dominance, Dangote has dismissed claims that the group seeks to monopolise the downstream sector.
With an estimated net worth of $27.8 billion, according to the Bloomberg Billionaires Index, Dangote continues to strengthen his position as one of the most influential figures in Africa’s industrial and energy landscape.
