In a significant step towards economic transformation and industrial revitalization, Ondo State Governor, Dr. Lucky Orimisan Aiyedatiwa, on Friday received his Bauchi State counterpart, Senator Bala Mohammed, in Akure to consolidate a strategic partnership that has now attracted a landmark $2.6 billion investment into Ondo State.
The high-level meeting, which featured top government officials and key investors, culminated in a firm commitment by Residents Group Cement, led by Executive Director Dr. Abbas Waziri, to establish a fertilizer production and harmonial plant, alongside a petrochemical industry in the state — all slated for completion within 12 months.
Governor Aiyedatiwa described the development as a milestone achievement aligned with his administration’s vision to industrialize the state, enhance agricultural productivity, and generate employment for thousands of residents.
“I want to specially thank Governor Bala Mohammed for facilitating this major investment and for personally visiting us here in Akure. What you have done in Bauchi with local and international partners is remarkable, and we are pleased to collaborate similarly here in Ondo,” Governor Aiyedatiwa said.
A Game-Changer for Ondo’s Economy
The governor emphasized that the new investment fits seamlessly into the state’s broader economic blueprint, which includes the actualization of the long-awaited Ondo Deep Seaport Project — a critical infrastructure expected to unlock maritime trade opportunities.
“We have the longest coastline in Nigeria with the deepest draft. We are working to deliver Nigeria’s first modern deep seaport here, building on the foundation laid by the previous administration,” Aiyedatiwa stated.
He also cited ongoing infrastructure upgrades such as the dualization of the Igbokoda–Okitipupa Road, soon to extend to Ore, which will support logistics and industrial access in the designated free trade zone.
“The typography is ideal for petrochemical and refinery operations. Investors are welcome, and we are ready. Security, infrastructure, and a conducive environment are our top priorities,” he assured.
Peer Collaboration Driving Progress
Bauchi State Governor, Senator Bala Mohammed, commended his Ondo counterpart for proactive governance and economic foresight, describing the partnership as a model of inter-state collaboration for national development.
“In Bauchi, we have watched Governor Aiyedatiwa’s steps closely. His vision aligns with ours in diversifying revenue sources and empowering citizens. This partnership under a peer review mechanism is bound to benefit our people,” Mohammed said.
He noted that Residents Group Cement had previously invested $1.5 billion in Bauchi, establishing a cement plant, and expressed enthusiasm about replicating the success in Ondo.
Investor Confirms Commitment
Dr. Abbas Waziri of Residents Group Cement affirmed the group’s readiness to commit $2.6 billion to the projects, citing confidence in the state’s leadership and investment environment.
“We are investing in fertilizer and harmonial production, as well as petrochemical facilities. With the support we’ve seen here, everything will be operational within 12 months,” he said, commending the synergy between the two governors.
Government Officials Present
The meeting was attended by key members of the Ondo State Government including the Deputy Governor, Dr. Olayide Adelami; Secretary to the State Government, Dr. Taiwo Fasoranti; Chief of Staff, Prince Segun Omojuwa; and Barr. Emmanuel Omomowo, Administrative Secretary of the Ondo State Investment Promotion Agency (ONDIPA).
This landmark investment is poised to position Ondo State as a new industrial hub in Nigeria, opening up vast opportunities for economic growth, job creation, and regional collaboration.
