Ondo State is poised to becoming an emerging economic giant in the Southwest and Nigeria, the economic drive of the Governor Oluwarotimi Akeredolu SAN. led administration has in no small measure been tailored to transform the State from its traditional status of a civil servant outlook to a fast growing industrial cum economic state.
The soon to be commissioned Ore Industrial Park holds the potential to giving direct job opportunity to over 120,000 workforces in the next 12 years in Ondo state and the Southwest.
The Ore Industrial Park is a Public-Private Partnership[PPP] between Ondo State government and Hessmac Industry Limited, established on a massive 1000 hectares of eco-friendly, economic and industrially zoned land. The OIP is designed to provide a world class infrastructure and ultra-fast operational efficiency, proximity to raw materials and target markets, uninterrupted power supply, easy access to gas with EPL gas pipeline and adequate security. Furthermore, the industrial park is an integral industrial facility offering quality service and an enabling business service environment stimulated with ultra-modern facilities and infrastructure. It is strategically positioned to become one of the nation’s premier economic industrial zone.
At the heart of the industrial park is an already completed 30MW and expandable to 120MW trio-fuel independent Power Plant dedicated to providing power within the park.
Aside providing employment, the OIP is expected to empower people in the state through its production hub. According to Managing Director of OIP, Mr. Femi Akinkuebi he stated that, people would have no need to bring their equipment, as there will be enough space for production in order to encourage local people, helping small and medium scale to grow and thrive
Furthermore, he explained that through local industries stands to benefit immensely from the OIP as the facility will be in dire need of raw materials for its production and this will enable the farmers benefit directly from the supply of raw materials needed, and the multiplier effects have stimulated logistics, hospitality, construction, banking and other service sectors of the state’s economy and Nigeria in general.
Projecting into the near future, the park will house a high volume vehicle assembly and production plant, wine distillery, diary factory, clothing production company and metal production firm among many others. The facility is expected to commence full operation before the end of the year 2021.