Ondo govt seals deep port, $4bn fertiliser plant deals at investment summit The Ondo state government has signed two major Memoranda of Understanding (MoU) aimed at accelerating industrialisation and repositioning the state as a leading investment destination, sealing deals for the proposed deep sea port and a $4 billion petrochemical fertiliser plant. Governor Lucky Aiyedatiwa signed the agreements on Monday during the Ondo State Investment Summit 2026 held at the International Centre for Culture and Events (The Dome), Akure, describing the projects as catalysts for business, industry, innovation and global partnerships. Aiyedatiwa said the state will hold a 12.5 per cent equity stake in the Deep Sea Port project, while private partners will control 87.5 per cent, under a Public-Privat...