Industrial Potentials

Industrialization is rapidly taking place in the state. At present, the major industrial ventures include the Okitipupa Oil Palm Mill Plc at Okitipupa, NIROWI at Ondo, Cocoa Products Company Ltd. at Ile-Oluji and Oluwa Glass Company Plc at Igbokoda. Others include the Nigerian-Italian Ceramics Factory at Ifon, Alpha Paper Industries at Arigidi-Akoko, Ondo State Asphalt Company at Aponmu, Araromi-Ayesan Oil Palm Plc at Araromi-Obu and Foam Industry at Akure, to mention but a few.

A survey has shown that the number of private establishments employing more than five people and above is on the increase. While in 1980, the number of the latter was about 960 by 1992, the number was more than 2,830, with Akure having over 950. By September 1999, it is estimated to have grown to over 3,500 with Akure having over 2,000.

List of some Industries in Ondo State