The port, for which plans were submitted in late June, according to outlet Bloomberg, is meant to facilitate exports, in particular of Dangote conglomerate products.
Breakdown
- Aliko Dangote has submitted paperwork to build a major new seaport in Ogun State, Nigeria. 7s
- The port aims to facilitate exports, including liquefied natural gas, and support Dangote conglomerate operations. 16s
- The proposed location is Olokola, about 100 kilometers from Dangote's fertilizer and petrochemical plants in Lagos. 42s
- Initial plans for the plants to be in Olokola changed due to stalled negotiations with previous state administration. 54s
- It is currently unclear if the port proposal has been accepted by authorities. 1m 6s