Governor Lucky Aiyedatiwa has declared that Ondo State is open for business, industry, innovation and global partnerships as he signed two major Memoranda of Understanding at the Ondo State Investment Summit 2026 in Akure.
The agreements include a Deep Sea Port project structured under a Public Private Partnership framework, with the state government holding a 12.5 percent stake while partner companies retain 87.5 percent equity. The second agreement is a 4 billion dollar petrochemical fertiliser plant project between the state government and Resident Fertilizer, to be located in the southern senatorial district.
Marking his first anniversary in office, Aiyedatiwa described the summit as a turning point, signalling a shift from a consumption driven economy to a production based industrial hub. He stressed that investors seek structure, certainty and political will, assuring participants that Ondo offers all three.
Central to the plan is the proposed Ondo Deep Sea Port with a natural draft of 16.5 to 18 metres and direct Atlantic access. Bordering it is the planned Sunshine Industrial City, a Free Trade Zone spanning 2771 hectares. Together, both projects are designed as an integrated ecosystem for manufacturing, maritime services, petrochemical processing, agro industry and logistics with direct export access.
The governor highlighted the state’s 75 kilometres coastline, vast bitumen deposits, agricultural strengths in cocoa and oil palm, limestone and granite reserves, oil producing communities in Ilaje and Ese Odo, and proximity to the Niger Delta energy belt.
In his goodwill message, Senate President Godswill Akpabio, represented by Jimoh Ibrahim, urged strategic positioning for global competitiveness.
Also speaking, Abike Dabiri Erewa of the Nigerians in Diaspora Commission called on Nigerians abroad to invest at home, describing it as both patriotic and economically imperative.
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