Ondo State Secures $50 Billion Refinery & Free Trade Zone Deal: A New Era for Industrial Growth

Ondo State has taken a transformational leap forward with the signing of a historic $50 billion refinery and free trade zone development agreement. This project, involving international partners and supported by forward-thinking state leadership, marks one of the largest industrial investments ever secured in Nigeria.

The development will feature:

• A full-scale refinery complex

• A dedicated Free Trade Zone (FTZ)

• Logistics infrastructure

• Job-creating manufacturing corridors

• Expanded import-export capacity

According to official announcements, the project is expected to create tens of thousands of direct and indirect jobs, increase state revenue, and position Ondo as a key economic engine in West Africa. With global investors showing heightened interest, this deal signals a new wave of confidence in Nigeria’s investment climate—particularly within resource-rich regions ready for industrial expansion.

For Ondo Investment Limited, this milestone strengthens our mission to attract capital, support infrastructure development, and connect investors to high-yield, government-backed opportunities.

The future of Ondo’s economic landscape is changing rapidly—and this project is only the beginning.

Explore investment opportunities connected to the refinery and FTZ →