Business Potentials
Mineral raw Materials Industrial minerals are geological materials which are mined for their commercial value. They are used in their natural state or after beneficiation either as raw materials or as additives in a wide range of applications. Some examples of applications for industrial minerals are construction, ceramics, paints, electronics, filtration, plastics, glass, detergents and paper. Mineral raw materials avaliable in the state include: Crude oil, Bitumen, Granite, Marble, Gold, Gemstone, Clay, Diorite, Lignite
Agro raw materials Areas of great potentialities in Ondo State include agriculture and forestry. Indeed, forestry offers a lot of investment opportunities in the state. Exotic species such as teak (Teckona grandis) and pulp wood (Gmelina arborea) are now cultivated in many places. Other forestry products like twines, canes are common along rivers and are being used for weaving hats, bags and rope making. Agro raw materials include: Cocoa, Maize, Cocoyam, Plaintain, Livestock, Kolanut, Coffee, Coconut, Vegetables, Yam, Timber, Banana, Rice, Cotton, Piggery, Cassava, Fish, Oil palm, Rubber.
Olokola Free Trade Zone (FTZ)
It is conceived as an integrated multi-purpose deep-seaport complex and Free Trade Zone, Serving also as Oil and Gas logistics base as well as Export Processing Zone. Based on the cost of comparable projects elsewhere, Olokola Port/FTZ Project, when completed, is estimated to cost between $350m and $400m.
