Ogun State has taken a step toward becoming a major economic hub following fresh approvals from President Bola Ahmed Tinubu.
Commercial oil drilling has now been approved at Eba in Ogun Waterside.
This decision places the state firmly on the map of oil-producing regions in Nigeria.
In a related move, the President also approved the immediate take-off of the long-awaited Olokola Deep Seaport.
The project will operate as the Blue Marine Economic Zone in Ogun Waterside Local Government Area.
Together, both approvals are being described as game changers for the state’s coastal economy.
According to the government, the developments are expected to open new doors for inclusion, jobs, and long-term growth.
The announcement stated, “We are pleased to inform the people of Ogun State that President Bola Ahmed Tinubu has approved the commencement of commercial oil drilling at Eba, Ogun Waterside.”
Moreover, the oil drilling approval is expected to boost local participation and attract investors.
It is also believed that supporting industries will naturally grow around the oil sector.
Therefore, economic activity across Ogun Waterside could rise steadily in the coming years.
Meanwhile, attention has also shifted to the Olokola Deep Seaport project.
The government confirmed that Mr President approved its immediate take-off.
The statement added that the seaport, now named the Blue Marine Economic Zone, will help reduce pressure on Lagos ports.
Furthermore, it will unlock major commercial opportunities for Ogun State.
The coastal road was also highlighted as a strategic advantage. With an alternative logistics route now available, trade movement is expected to improve significantly.
In addition, Ogun’s coastal position is expected to be fully utilised through the new seaport.
Security has also been addressed alongside economic expansion. The Nigerian Navy has upgraded its presence at Tongeji Island into a Forward Operations Base.
The government praised this move, noting it would strengthen border security and protect new investments. It was stated that this presence would help secure emerging economic activities.
According to the government, “As a government, we remain committed to providing basic amenities for our coastal communities.”
The statement further stressed continued collaboration with security agencies.
This Ogun oil drilling approval is expected to redefine the state’s economic future. It also signals growing federal confidence in Ogun’s potential.
