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Ondo Governor Approves $42m Agricultural City Project

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Ondo Agricultural City project approved by Governor Aiyedatiwa, creating jobs and boosting agriculture with KONIG Agriculture’s $42m investment.

Ondo State Governor Lucky Aiyedatiwa has approved the establishment of Ondo Agricultural City in Iju-Agbonrin/Ori-Ohin, Ose Local Government, through KONIG Agriculture Ltd, a $42 million initiative aimed at boosting agriculture and local economic development.

Also read: Governor Aiyedatiwa Celebrates Ma’ami Ajulo at Amazon Colloquium, Describes her as a Model of Exemplary Motherhood

The project, implemented under the Federal Government’s Framework for Responsible and Inclusive Land-intensive Agriculture initiative, was formalised after the signing of a land-lease contract between community landowners and KONIG Agriculture Ltd, with the state government acting as guarantor.

State Commissioner for Agriculture and Forestry, Leye Akinola, said the initiative would stimulate agricultural growth, create employment opportunities, and reduce insecurity in the host communities.

“Governor Aiyedatiwa will continue to welcome and partner with reliable investors in the agricultural sector,” he stated, noting that the Ministry of Agriculture and Forestry would support both investors and landowners to ensure the project’s success.

Akinola further explained that the Northern Senatorial District would experience an agricultural revolution, with the revival of the moribund Akunnu cattle ranch, previously constructed by the old Western Region, as part of the broader investment strategy.

Permanent Secretary of the Ministry, Foluke Tunde-Daramola, appealed to community leaders to prepare youths and women for employment opportunities, emphasising that the project would help eliminate local joblessness.

KONIG Agriculture Ltd project lead, Oluwasegun Saliu, praised the state government for attracting the investment.

He revealed that over 60 per cent of the workforce would come from the host community, and the company would implement corporate social responsibility initiatives including boreholes, solar power, and a health facility accessible to the public.

Representing the FRILIA initiative, Justina Arogundade highlighted that the project adheres to principles of sustainable, responsible large-scale agriculture.

She said the framework ensures a “win-win” outcome through community consultation, environmental and social sustainability, and fair compensation, benefiting both investors and local communities.

Also read: Ondo Government Honour Aregbesola With Cultural Award

The Ondo Agricultural City project signals a major push by the state government to position agriculture as a catalyst for economic growth, employment generation, and food security.

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Jubril Adewale Tinubu: The Global Ascent of An Energy Titan

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Wale TinubuUnarguably, Jubril Adewale Tinubu, Group Chief Executive Officer, GCEO, Oando Plc, is one of the few who command a great deal of reverence in Nigeria’s vast and ever-evolving energy landscape.

To keen watchers of developments in the nation’s energy sector, Tinubu’s pedigree transcends more than being the  head honcho of Oando; he is the rare alchemy of audacity and foresight.

Today, his name has become synonymous with resilience and brilliance; he is also a figure whose influence transcends sectors, borders, and generations.

Interestingly, his reputation built on entrepreneurial flair and ingenuity has always earned him  worthy mention among an elite class of business leaders whose legacies are not just written, but engraved.

However, unlike some others who view Africa’s economic horizon through a haze of uncertainty, Tinubu sees opportunity beckoning to him always.

With this perspective, one easily understands Oando’s rise from a modest downstream operator to one of Africa’s most formidable integrated energy companies.

Oando, under the exemplary leadership and management style of Tinubu, has expanded across exploration, production, power, and renewables.

At every given opportunity, Tinubu hammers on the need for Africa to harness its own vast resources to define its destiny.

Given his trademark philosophy to act, tarry or strike with precision, he has been able to navigate Oando through global market shifts, regulatory waves, and economic downturns without so much noise.

Perhaps,this is the secret to his dazzling recognition and honour since the break of the outgoing year 2025. In January, he bagged the Investor / Transaction of the Year 2024 at the New Telegraph Awards in  Lagos.

The recognition followed Oando’s landmark $783 million acquisition of Agip Oil Company, a transaction completed in August 2024 and hailed as one of the year’s most significant moves in Nigeria’s economy.

But that was only a precursor to several other accolades for Tinubu, as he was again honoured with the prestigious Lifetime Awards at the Africa Energy Week, AEW, 2025.

Like the compass with which Oando navigates the nation’s unpredictable energy terrain, Tinubu is perpetually in quest of the opportunity to position the company as both a continental powerhouse and a symbol of African ingenuity.

Again, evidence that Tinubu’s influence has become global came to the fore when Oando emerged as the preferred bidder for the Trinidad refinery.

Despite a dip in revenue, Oando posted a $145 million profit in the first nine months of its 2025 fiscal year—a testament to disciplined strategy and Tinubu’s steady hand at the helm.

Meanwhile, the most significant signal of Oando’s next chapter came recently with an announcement that underscores Tinubu’s instinct for the future: Oando is diversifying into mining, with a sharp focus on lithium and other minerals critical to the clean-energy transition.

The company has already assembled a strong team of seasoned geologists and launched exploration activities across Nigeria, including a major program in Kebbi State. By the end of 2025, Oando aims to complete its field evaluations and identify a prime location for pilot lithium production.

With the global demand for rechargeable batteries—driven by tech and electric vehicles—skyrocketing, Tinubu is positioning Oando at the heart of the next energy revolution.

It is not for fun that his admirers fondly describe him as the man who sees tomorrow. He is a strategist sculpted by foresight, a leader driven by conviction, and a relentless believer in Africa’s potential.

In an age craving visionaries, Tinubu stands out- he is clear -eyed, bold, and prepared for the future he already sees taking shape.

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Energia launches graduate trainee programme to develop young professionals

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 Energia Limited launches a graduate trainee programme to accelerate career growth of young Nigerian professionals in the energy sector.

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Nigeria launches $10bn petroleum licensing round to boost production

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Nigeria launches 2025 petroleum licensing round to attract $10bn investment and unlock up to two billion barrels of oil.

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