Ogun State, NNPC revive OKLNG project ahead of $7bn port and marine economy initiative

Ogun State government and NNPC are collaborating to revive the Olokola LNG (OKLNG) project, with discussions covering land acquisition, incentives, and guarantees. This precedes a planned $7bn port and marine economy project in the state. The revival signals renewed momentum for a long-stalled Nigerian LNG venture, though financial closure and final investment decision remain uncertain.