Ondo State’s offers a wide array of investment opportunities in the Energy and Mining sectors. Its potential for renewable and non renewable power generation has been left relatively untapped. In the Mining sector, the State’s status of holding the largest deposits of Bitumen in Africa gives it the potential of meeting Nigeria and even Africa’s road asphalt demand.
Natural gas constitutes the most promising power generating source in the region. Investors will find the State’s proximity to large gas reserves and high demand industrial clusters (Shagamu and Lagos Island) enticing for investments in the power sector.
The potential for renewable energy generation in Ondo State presents investors with lucrative opportunities in the area of solar, wind and hydropower.