The Ogun State Government said it is intensifying the search for oil at the Tongeji Island and Ogun Waterside, so as to join the comity of oil producing states.
The Ogun State Commissioner for Finance, Dapo Okubadejo disclosed this while giving a breakdown of the state’s 2023 budget.
He said: “We will make efforts to discover oil both in Tongeji Island and Ogun Waterside so that we can be part of oil-producing states.”
Okubadejo said the government would soon conclude discussions with investors to assist it in unlocking the opportunities in the Olokola Free Trade Zone.
“All these are efforts intended to improve the socio-economic development of the state,” he said.
He added that the Ogun government would depend mostly on public-private partnerships to achieve the projects.