TINUBU UNLEASHES OIL BOOM: TONGEJI ISLAND DRILLING, OLOKOLA PORT TO TAKE OFF
GREATRIBUNETVNEWS–President Bola Tinubu has approved commercial oil drilling at Tongeji Island and the Olokola deep seaport project in Ogun State.
Here are the key issues:
– Oil Drilling Approval : “Let me share with you that Mr President has approved the commencement of commercial oil drilling operations at Tongeji Island, and going forward, you will begin to see a lot of activities there” – Governor Dapo Abiodun
– Olokola Port Revival : “Our proposed Olokola Port, which has been on the drawing board for several years, is now back on the table… Mr President has clearly expressed his desire to see the port become a reality” – Governor Abiodun
– Blue Marine Economic Zone : The new seaport will be known as the Blue Marine Economic Zone, reflecting its strategic coastal location and economic potential.
– Security Boost : The Nigerian Navy will establish a Forward Operations Base at Tongeji Island to prevent infiltration and protect Nigeria’s territorial integrity.
– Economic Benefits: The projects will promote inclusion, economic empowerment, and decongest Lagos ports, with the coastal road providing an alternative logistics corridor.
– Timeline : Construction of the Olokola Port should be far advanced between now and next year, per President Tinubu’s directive .
Earlier, Rear Admiral Mustapha described Ogun State as critical and strategic to Nigeria’s national security, disclosing that the naval outpost at Tongeji Island would be upgraded to a Forward Operations Base due to the area’s significant oil potential.
He explained that the visit was aimed at strengthening synergy between the Nigerian Navy and the Ogun State Government, adding that part of his responsibility was to safeguard Nigeria’s border with the Republic of Benin and prevent criminal elements from gaining a foothold in the state.
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