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Ogun State's goal to become an oil-producing state is advancing following President Bola Ahmed Tinubu's approval for commercial oil drilling at Tongeji Island in Ipokia Local Government Area. Governor Dapo Abiodun announced this alongside the approval for the long-awaited Olokola Deep Seaport project in Ogun Waterside Local Government Area.

Both projects aim to enhance economic opportunities for coastal communities and decongest Lagos ports. The Olokola Deep Seaport, designated as the Blue Marine Economic Zone, is expected to significantly impact Nigeria's maritime sector. Governor Abiodun emphasized the importance of these developments for local empowerment and the state's economic future, while also acknowledging the Nigerian Navy's establishment of a Forward Operations Base at Tongeji Island to bolster security and protect oil operations.