Ondo State offers natural geographic advantages for logistics and transportation.
Ondo State is a nodal state. Strategically located as a gateway to agricultural areas in the north and the transport hub for resources to the west, the state offers natural geographic advantages for logistics and transportation. Goods from the south and east travelling west and north pass through the state, making it an ideal location for these businesses.
AIRPORT INFRACTRUCTURE
Akure, home to a fully operational commercial airport, with 30 minutes travel time to Lagos and 50 minutes to Abuja, is one of Nigeria’s 12 designated cargo airports capable of handling perishable goods. It’s also, Covering an expansive 32.8 square kilometers, Akure airport is also one of the largest local airports in Nigeria.
This cargo airport can serve eight neighboring states when fully developed reducing goods travel time to Lagos by an average of 4 hours.
Key Areas for Air Transportation investment include:
- Completing the Passenger Terminal and installing necessary equipment
- Rehabilitating and expanding the runway
- Developing airport facilities
- Constructing a cargo terminal
- Establishing bonded warehousing and refrigerated spaces for perishable goods
- Creating maintenance hangers for planes
Road and Rail Network
Oshogbo – Ado Ekiti – Akure – Ondo – Ore – Ijebu Ode – Sagamu with a spur from Ore southward to Port Ondo/Sunshine Free Trade Zone location
Ondo State is keen on linking its cities and communities with adequate road and rail network to facilitate the movement of goods and people for increased economic activities. Investors are welcome to build and operate greenfield roads recouping the cost from tolling. Also with the liberalisation of the rail system in Nigeria, investors can now partner with Ondo State in its quest to develop intra state rail network as part of the bigger Southwest Nigeria rail system.
INVESTMENT OPPORTUNITIES IN RAIL
Oshogbo – Ado Ekiti – Akure – Ondo – Ore – Ijebu Ode – Sagamu with a spur from Ore southward to Port Ondo/Sunshine Free Trade Zone location
- 100-kilometre Coastal Road Lekki-Lagos to Araromi/Omotosho in Ondo State. From the heart of Lekki Free trade zone/Deep sea Port to Araromi beach area in Ondo State in under 30 minutes.
- 80 kilometres Omotosho to Akure
- 110 kilometres Akure to Ayere in Kogi State
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