Home News How Ogun lost $16 Dangote refinery to Lagos — Dapo Abiodun

How Ogun lost $16 Dangote refinery to Lagos — Dapo Abiodun

Dapo Abiodun, the governor of Ogun State, expressed disappointment on Monday over the loss of the $16 billion Dangote refinery to Lagos State after talks between the immediate past administration led by Ibikunle Amosun and the chairman of Dangote Group, Aliko Dangote, broke down.

Abiodun made this known at the convocation lecture titled, “Quest for Excellence: The Nexus of Faith, Knowledge and Resilience”, which he delivered during the Mountain Top University’s 2nd and 3rd convocation ceremony.

The Governor said at the time, he was the chairman of the Olokola Free Trade Zone where the refinery was proposed to be sited.

He claimed the project was not conceived just to refine petroleum products, but also to make use of mining leases that had been granted around the area but yet to be utilised.

He said, “I worked as chairman of Olokola Free Trade Zone that was meant to have the Dangote refinery cited in Ogun Waterside, however, discussion broke down between Dangote and the then administration which led to the loss of that project to Lagos State; a $16 billion refinery was lost to another state.

“That project was conceived with the aim of not just refining petroleum in Ogun, but also take advantage of the mining lease that had been awarded around that corridor that has even not begun to be exploited.”

Despite this, Abiodun stated that his administration is working to ensure that the state takes advantage of its oil deposits and becomes a producer of petroleum products.

“We are working assiduously on that, so, I accept this challenge, we will further strengthen our resolve to ensure that we bring Ogun State to oil producing status in the very near future.”

He however, reaffirmed that the state has very rich oil reserves in Tongeji Island, adding that “Ogun state is situated in the Dahomey Basin, which stands for the Niger Delta that goes all the way to Ghana. Everyone of the states in that corridor are oil-producing today, even Ondo and Lagos states.”

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