Executive Summary
This proposal presents a transformative development framework for Ondo State, integrating renewable energy infrastructure, agricultural industrialization, and sustainable ocean economy initiatives.
Key Objectives
- Achieve 80% renewable energy penetration
- Establish 5 agro-industrial processing zones
- Develop integrated blue economy corridor
- Create 50,000+ direct employment opportunities
Strategic Outcomes
- Food security & export capacity
- Energy independence & sustainability
- Youth empowerment & skill development
- Economic diversification & growth
Pillar 1: Renewable Energy
Solar PV Plants
200 MW
Hybrid Systems
50 MW
Mini-Grids
30 Sites
Energy Benefits
- • 24/7 power for industrial zones
- • 80% reduction in energy costs
- • Rural electrification (200+ communities)
- • CO2 Reduction: 150,000 tons/year
Economic Impact
- • 5,000+ construction & ops jobs
- • ₦25B annual diesel/petrol savings
- • Enabling infrastructure for factories
- • Significant IGR increase
Pillar 2: Agro-Industrial Program (AIP)
Integrated Value Chain Approach
Reducing post-harvest losses and maximizing value addition
Processing Facilities
Support & Cold Chain
15
Cold Storage
25
Aggregation
10k
Youth Trained
60%
Loss Reduction
Financial Framework
Total Investment
₦280B
~$350M USD
ROI Period
7-10
YEARS ESTIMATE
Annual Revenue
₦115B
PROJECTED YEAR 5+
Financing Mechanism
Projects are developed through Special Purpose Vehicles (SPVs) with third-party financing facilitated by ACW-SEDCI. Project Manager provides required SBLCs or financial instruments. Equity participation is open to the Ondo State Government.
Let's Build Ondo's Future Together
Strategic partnership for sustainable development, infrastructure excellence, and generational prosperity.
ACW-SEDCI Consortium
M Mbane
Coordinator | Africa Agriculture Knowledge Base Ltd/ACW-SEDCI CONSORTIUM
+27 83 670 8817
International Reliance Energy
MD/CEO
Project Manager & Technical Operator
Ikorodu, Lagos State, Nigeria