Abiodun said the projects, alongside the proposed Ogun Blue Marine and Special Economic Zone and the Federal Government’s Lagos-Calabar Coastal Highway, would create significant economic opportunities and strengthen Ogun State’s appeal to local and international investors.
The governor made this known on Tuesday in Ijebu-Ode at a town hall meeting on the 2027–2029 Medium-Term Expenditure Framework (MTEF) and the 2027 budget, organised by the state’s Ministry of Budget and Planning.
He described the Gateway Deep Sea Port as a major legacy project of his administration, disclosing that agreements recently signed in Paris with global port operator DP World would facilitate about $7 billion in private-sector investment.
According to him, the agreements cover the development of the deep sea port and the Ogun Blue Marine and Special Economic Zone, projects expected to transform the state’s maritime, logistics, manufacturing and industrial sectors.
“In September, I had the privilege of travelling to Paris to sign a landmark agreement that will be the biggest legacy of my administration, and that agreement is for the construction of the Ogun Deep Sea Port.
“That day, we signed two agreements: one for the Deep Sea Port and the other for the Ogun Blue Marine and Special Processing Zone. These combined agreements translate to an investment of about $7 billion of private capital, with no government investment,” he said.
Abiodun added that the proposed $10 billion OgunLNG project, being developed with the involvement of the Nigerian National Petroleum Company Limited (NNPC), would further boost the state’s investment prospects.
He said the Lagos-Calabar Coastal Highway would also improve connectivity and open up new economic corridors, adding that the combination of the projects had heightened interest among prospective investors seeking to establish businesses in Ogun.
The governor attributed the state’s growing economic profile to investments made by his administration in infrastructure, human capital development and an enabling business environment since assuming office in 2019.
Highlighting his administration’s achievements, Abiodun said more than 1,700 kilometres of roads had been constructed or rehabilitated across the state, alongside interventions in healthcare, education, agriculture, electricity and security.
He listed the Gateway Medical Centre of Excellence, the rehabilitation of more than 1,600 public schools, the recruitment of over 6,000 teachers and support for thousands of farmers among the administration’s key interventions.
On electricity, the governor disclosed that power plants had been installed in Abeokuta, while similar facilities were planned for Ijebu-Ode and Remo to improve electricity supply, stimulate commercial activities and support industrial development.
He also highlighted infrastructure projects in Ijebu Division, including the reconstruction and rehabilitation of roads in Oru, Awa, Ilaporu, Ago-Iwoye, Eruwon and Atan, among other communities.
In Ijebu-Ode, he said, the state government had constructed 26 roads to improve connectivity and expand economic opportunities for residents.
Describing the town hall meeting as particularly significant, Abiodun said it was the final budget consultation of his administration and provided an opportunity for residents to contribute to the priorities of the 2027 fiscal plan.
He explained that the proposed budget would be guided by the 2027–2029 MTEF, with emphasis on realistic spending, completing ongoing projects, providing essential services and making investments capable of delivering sustainable economic growth.
“My responsibility is to present a realistic and transparent budget that will complete all ongoing projects and provide essential services,” he said.
The governor thanked residents for their cooperation and support over the past seven years, assuring them that his administration would remain committed to fulfilling its promises until the end of its tenure.
He also called for continuity in government policies and programmes, stressing that development should be sustained beyond individual administrations.
Abiodun urged traditional rulers, community leaders, religious organisations, professional bodies and other stakeholders to participate actively in the budget preparation process by identifying their communities’ developmental needs and making practical recommendations.
He assured participants that their submissions would be considered in preparing the 2027 budget.
The governor, however, said proposals that could not be accommodated in the budget would be documented in an annexure and forwarded to the incoming administration to ensure that important community needs and development priorities were not lost during the transition.
He reaffirmed his administration’s commitment to inclusive governance, equitable development and expanding economic opportunities across the state.
Earlier, the Chief Economic Adviser and Commissioner for Finance, Mr Dapo Okubadejo, said the government’s development agenda focused on infrastructure provision, improved access to essential services and creating an enabling environment for businesses and individual prosperity.
Okubadejo described governance as a shared responsibility and urged residents to work with the government to ensure that public resources were channelled towards areas that would deliver the greatest benefits to the people.
