‎The Ondo State Government has signed a series of Memoranda of Understanding (MOUs) for the development of a Deep Sea Port and a $4 billion petrochemical fertiliser plant, marking a major step toward transforming the state into a key industrial and maritime hub in Nigeria.

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‎The state governor, Lucky Aiyedatiwa, also threw open Ondo State to investors from across the world, declaring unequivocally that the state is open for business, industry, innovation and global partnerships.

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‎Speaking at the Ondo State Investment Summit 2026 held at the International Centre for Culture and Events (The Dome), Akure, the governor used the occasion of his administration’s first anniversary to unveil what he described as a decisive economic shift from consumption to production.

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‎According to him, Ondo will no longer rely predominantly on civil service structures but will reposition itself as a private sector-led industrial powerhouse driven by structured policy, regulatory clarity and political will.

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‎“Investors do not go where there is potential alone. They go where there is structure, certainty, and political will and Ondo State offers all three,” he said.

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‎Governor Aiyedatiwa stressed that the summit was not a ceremonial gathering but a commitment to measurable outcomes.

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‎He assured participants that every engagement, investment discussion and decision reached at the forum would be tracked, adding that by the 2027 edition, the state would present implemented projects and demonstrable economic impact arising from commitments made this year.

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‎In his goodwill message, the Senate President, Senator Godswill Akpabio, congratulated the governor on the occasion of his first anniversary as elected governor of Ondo State.

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‎Akpabio, who was represented by Senator Jimoh Ibrahim of Ondo South Senatorial District, called on the state government to adopt strategic thinking and position itself for success on the global stage.

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‎He enjoined the governor to ignore criticism, noting that his achievements will speak for him. He also urged the governor to have a strategy that can serve as his legacy even after his tenure in office.

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