00:00It could be the biggest and deepest port in Nigeria.
00:07Aliko Dangute, Africa's richest man, has reportedly submitted paperwork to construct a new seaport in Ogun State in southwestern Nigeria.
00:16The port is expected to facilitate exports, including liquefied natural gas, or LNG.
00:23And the project could also accelerate the expansion of the Dangute conglomerate.
00:30The group is active in a range of industries, including oil refinery, fertilizer production and cement manufacturing.
00:38According to the proposal, the port would be constructed in Olokola.
00:42It is around 100 kilometers away from key Dangute fertilizer and petrochemical plants in Lagos.
00:49Initially, these plants were supposed to also be located in Olokola,
00:53but stalled negotiations between the conglomerate and the state's previous administration led to the plants being built near Lagos.
01:01It is for now unclear whether the proposal for the new port has been accepted.
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