Welcome to the web-portal of THE PEOPLE of ONDO STATE

BUSINESS OPPORTUNITIES

 

State

RESOURCES

Ondo State Business Opportunities (Investors' Guide)

SECTION

NORTH

Ikare

AKNE

AKNW

AKSE

AKSW

Owo

 

 

CENTRAL

Akure N.

Akure S.

Ondo W.

Ondo E.

Idanre

Ifedore

 

 

SOUTH

Eseodo

Ilaje

Irele

Odigbo

Ile-Oluji/Okeigbo

NEW: READ ABOUT OK LNG HERE (THE FUTURE OF INVESTMENT IN NIGERIA)

DOWNLOAD "MOVING ONDO STATE FORWARD" (newly updated)

| Intro | Social | Physical | Production | Where are we? | Seeds Doc |

THE ATTRACTIONS:

  • Ondo State has an Airport

  • Ondo State has obtained license to build a modern SEAPORT in OLOKOLA

  • Ondo State has huge mineral deposits (notably CRUDE OIL & BITUMEN)

  • Ondo State Offshore CRUDE OIL Field Has Capacity of  over 20, 000bpd

  • Ondo State has secured over $6 billion for the development of OKLNG - Chevron-Texaco and British Gas have agreed to a joint venture with NNPC on OKLNG. Work to start in year 2006 and end in year 2008.

  • Over 52, 000 jobs to be generated at OKFTZ.

  • Ondo State is the Nigeria's investment haven of the 21st century.

CRUDE OIL
Nigerian National Petroleum Corporation and Agip have explored the possibility of commencement of crude oil production from Nigeria's first deep water offshore oil field holding over 700 million barrels reserve. The news is that this deep water is in Ondo State.
Located offshore off Ondo State, the field is being operated under a production sharing contract between the NNPC and Nigerian Agip Oil Company. The Abo field will produce over 1,500 barrels per day when it comes on stream with peak output of about 20,000 bpd, when fully operational.

The revenue yield of the field to the state would be determined by the cost of crude in the international market, the state will nonetheless benefit from the output of the field when it becomes operational.

Visit to
NNPC
AGIP
NEFTEGAZ
 

ONDO STATE MINERAL RAW MATERIALS:
Crude-oil, Bitumen, Granite, Marble, Gold, Gemstone, Clay, Diorite, Lignite
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ONDO STATE AGRO RAW MATERIALS:
Cocoa, Maize, Cocoyam, Plantain, Livestock, Kolanut, Coffee, Coconut, 
Vegetables, Yam, Timber, Banana, Groundnut, Rice, Cotton, Fruits, 
Banana,  piggery, Poultry, Cassava, Fish, 
Oil  palm, Rubber.
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CLICK TO VIEW RESOURCES DISTRIBUTION OVER EIGHTEEN (18) LOCAL GOVERNMENTS