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Ondo State B2B Conference

Oluwarotimi Odunayo Akeredolu, SAN, was born on 21st July 1956 he is a Nigerian politician and lawyer who is the Governor of Ondo State, Nigeria and also a Senior Advocate of Nigeria (SAN) who became president of the Nigerian Bar Association in 2008. Akeredolu is also a Managing Partner at the Law Firm of Olujinmi & Akeredolu, a Law Firm he co-founded with Chief Akin Olujinmi, a former Attorney General and Minister for Justice in Nigeria.

About Ondo State

Ondo, state, western Nigeria, was created out of former Ondo province of former Western state in 1976. It is bounded by the states of Kwara and Kogi on the north, Edo on the east, Delta on the southeast, and Osun and Ogun on the west and by the Bight of Benin of the Atlantic Ocean on the south. Ondo state includes mangrove-swamp forest near the Bight of Benin, tropical rainforest in the center part, and wooded savanna on the gentle slopes of the Yoruba Hills in the north. Agriculture is the mainstay of the economy, and the chief products are cotton and tobacco from the north, cacao from the capital part, and rubber and timber (teak and hardwoods) from the south and east; palm oil and kernels are cultivated for export throughout the state. Ondo is Nigeria's chief cocoa-producing state. Other crops include rice, yams, corn (maize), coffee, taro, cassava (manioc), vegetables, and fruits. Traditional industries include pottery making, cloth weaving, tailoring, carpentry, and blacksmithing. Mineral deposits include kaolin, pyrites, iron ore, petroleum, and coal. There is a textile mill located at Ado-Ekiti and a palm-oil processing plant at Okitipupa. The state, primarily inhabited by the Yoruba, a people with a tradition of living in towns, has a high proportion of urban dwellers. Akure, the state capital, is rapidly developing into a commercial and industrial center and is the site of a federal university of technology. The Ikogosi hot spring and the historic Idanre Hills are places of interest. The main highway from Benin City to Lagos crosses the southern part of the state. Area 5,639 square miles (14,606 square km). Pop. (2006) 3,441,024.  


It is ranked 20th in population out of the 36 states in Nigeria, including the Federal Capital Territory, and the population is mostly agrarian. Ondo has a youthful population that provides affordable labor for industrial activities. Ondo State puts education as a high priority, which is evident from the fact that the State has the largest number of public schools in Nigeria. Ondo’s considerable crop of educated elites has led to its classification as one of the most educationally advanced states in Nigeria.

Its economy, which is thirteenth largest in Nigeria, is dominated by oil & gas and agriculture which together generate 90% of the State’s Gross Domestic Product.


Ondo State has an extensive deposit of crude oil and is arguably the most peaceful state in the oil-rich Niger-Delta region, boasting a stable political atmosphere and a relatively peaceful coexistence among its various ethnic and religious groups. This fact makes her a most viable investment destination.

The State’s economy is basically agrarian with 65% percent of the State’s labor force in the agriculture sub-sector. There is a large-scale production of Cocoa, Oil-palm produce, and rubber. Other crops like maize, cashew, kola nut, yam, and cassava are also produced in large quantities. The state is richly blessed with varied and favorable ecological and climatic conditions with vegetation ranging from mangrove swamps to southern coastal riverine areas through the rainforest of the Midlands to derived savannah in the northern part of the state suitable for cattle grazing. The southern zone is home to some of the most exotic timber in Nigeria and forest resources like Teak, Gmelina, and indigenous tree species.


Ondo has the largest coastline of 180km, which supports fishing activities. The wide variety of fish deposits account for the core of economic activity in the riverine area of the State. The presence of a large deposit of stockfish offers remarkable opportunities for potential investors.

Renewed Federal Government focus on the promotion of non-oil exports aids the budding industries in Ondo state. Large amounts of mineral deposits of bitumen, glass sand, kaolin, granites, and limestone also exist in the State. Granite, which is mostly found in the northern Senatorial District, is a key export commodity. Other minerals available include tar sand, clay, iron ore, quartz sand, coal, and marble. Many of these minerals are at different stages of prospecting, extracting and development. Therefore, the State has great potential for rapid industrial growth in view of its raw materials base. The construction of a seaport and free trade zone will further stimulate economic activity.

Reasons to Invest in Ondo State

  • Proximity to all 6 geopolitical zones and commercial nerves in the Country
  • Proximity to low-cost labor, as Ondo State has a low cost of living
  • Proximity to high-level intellectual research and skilled labor, as Ondo State is home to 6 globally recognized universities
  • Availability of low-cost industrial cities and parks that provide amenities for manufacturing and processing
  • Availability of professional pre-investments services and support for potential investors
  • Presence of One-Stop Shop that provides investor after-care services
  • Availability of fiscal and monetary incentives such as tax holidays etc.
  • Availability of abundant minerals such as kaolin, silica sand, limestone, iron ore etc.
  • It is the largest producer of cocoa in Nigeria which can be processed to produce chocolates, beverages etc.
  • Accounts for 12% of national crude oil reserves, with potential for extraction, refining, and marketing
  • Boasts Africa’s largest deposit of Bitumen
  • Has 80% arable soil which facilitates large-scale production of cash and food crops
  • Has tree species used to produce the most exotic timber in Nigeria for construction and furniture making
  • It is home to the nation’s best technology university and other schools of science and technology that provide manpower for technology companies
  • Presence of a Free Trade Zone that serves as an oil and gas logistics base and an export processing zone for heavy and lightweight companies
  • Presence of a vibrant and fast-growing community of technology start-ups
  • Availability of a functional local airport, road network and internet connectivity across the State
  • Its 180km coastline is the longest in Nigeria and can facilitate sea trade, construction of seaports and fishing

Industries Eligible

  • Mining and processing of coal
  • Manufacture of starches and starch products
  • Processing of cocoa
  • Manufacture of animal feeds
  • Manufacture of paints, varnishes and printing ink
  • Manufacture of plastic products (builders’ plastic ware) and molds
  • Manufacture of steam generators
  • Manufacture of railway locomotives, wagons, and rolling stock
  • Manufacture of metal-forming machinery and machine tools
  • Manufacture of machinery for metallurgy
  • Manufacture of machinery for food and beverage processing
  • Manufacture of machinery for textile, apparel and leather production
  • Manufacture of machinery for paper and paperboard production
  • Manufacture of plastics and rubber machinery
  • Waste treatment, disposal, and material recovery
  • E-commerce services
  • Software development and publishing
  • Real estate investment vehicles under the Investments and Securities Act
  • Business process outsourcing
  • Cultivation, Processing, and Preservation of food crops and fruits
  • Deep-sea trawling and processing b) Coastal fishing and shrimping
  • Smelting and refining of non-ferrous base metal and the manufacture of their alloys
  • Manufacture of glass and glassware 24. Manufacture of lime from local limestone
  • Quarrying and processing of marbles
  • Manufacture of ceramic products
  • Manufacturing of machinery involving the local manufacture of the substantial proportion of components thereof
  • Manufacture of products made wholly or mainly or metal
  • Manufacture of nets from local raw materials
  • Manufacturer of gas cylinder
  • The processing of local wheat flour materials
  • Rubber plantation and processing
  • Manufacture of fertilizer
  • Oil palm plantation and processing
  • Book Printing
  • Large-scale mechanized farming
  • Cattle ranching and piggery of not less than 500 herds
  • Refining or recycling of waste oil
  • Shipbuilding, repairs, and maintenance of oceans going vessels
  • Manufacture of computer and computer chips
  • Manufacture of cameras, photographic equipment, and other materials
  • Diving and underwater engineering
  • Local fabrication and machinery equipment
  • Manufacture of tools
  • Installation of facilities for aircraft manufacture and the maintenance and manufacture of aircraft
  • Manufacture of gas and gas distribution
  • Manufacture of scientific instruments and communication equipment
  • Manufacture of yeast, alcohol and related products
  • Manufacture of paper pulp
  • Manufacture of Basic and Intermediate industrial chemicals from predominantly Nigerian Ray materials


Ondo State is seeking investors interested in setting up industries in the Free Trade Zones. The State is also open to partnering with investors who desire to establish their own private FTZs to take advantage of the State’s geographic position and access.

Specialized Crop Processing Zones


In order to capitalize on the rapid agricultural growth in Nigeria, Ondo State has set out to create three specialized Staple Crop Processing Zones spread across in close proximity to the staple crop clusters. The focus crops for the zones are; Cassava, Cocoa and Oil Palm located in Owo, Ijare and Okitipupa/Irele LGAs respectively. Each of these industrial parks is at least 400 hectares with room for expansion.

Priority Sectors

Although the investment opportunities in the state are broad, Ondo State Government through her agency, Ondo State Development Investment and Promotion Agency (ONDIPA) has 7 priority sectors of the economy it focuses on:

  • Agriculture & Agribusiness
  • Information and communications Technology
  • Oil and gas
  • Energy and Mining
  • Tourism
  • Manufacturing and agro allied industries
  • Logistics and transportation

Our Investors

In Conjunction with:

Event Information


25th to 26th OCTOBER 2018


Embassy Grand Convention Center
8800 The Gore Rd,
Brampton, ON L6P
0B1, Canada
Promoting Investment & Knowledge Exchange In Agriculture Between

Head of State

Ministry of Agriculture

Ministry of Education

Ministry of International Trade & Investment

Ministry of Finance

International Trade Banker

International Trade Lawyer

Custom Department

Cocoa Butter Producers

Shea Butter Producers

Security Agent

Farmer Equipment Suppliers

Farmer Equipment Part Suppliers

Keynote Speakers

His Excellency Oluwarotimi Odunayo Akeredolu, SAN is a Nigerian politician and lawyer who is the Governor of Ondo State and also a Senior Advocate of Nigeria (SAN). He became president of the Nigerian Bar Association in 2008, Akeredolu is also a Managing Partner at the Law Firm of Olujinmi & Akeredolu, a Law Firm he co-founded with Chief Akin Olujinmi, a former Attorney General and Minister for Justice in Nigeria.

His Excellency Oluyemi Osinbajo is a Nigerian politician and lawyer who is the current Vice President of Nigeria, in office since 29 May 2015. He is also a Senior Advocate of Nigeria, Professor of Law and until his inauguration as Vice President, a Senior Partner with SimmonsCooper Partners, a commercial law practice.

His Highness Muhammadu Sanusi II (CON) is the 14th Emir of Kano, Emir Sanusi was a banker and former governor of the Central Bank of Nigeria.

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