Ondo State Development & Investment Promotion Agency

Happy New Month.

As we step into June, we’re excited for new projects, bold strategies, and continued collaboration. Wishing you a month of innovation, impact, and wins.

Wishing you and your loved ones a joyous and blessed Eid al-Adha filled with peace and happiness.



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www.ondipa.org

Happy 100th Birthday, Baba!
A century of wisdom, honor, and impact. ONDIPA celebrates you today, legend.
Igba odun, odun kan ni

ONDIPA
Ondo State Development & Investment Promotion Agency

Happy Workers’ Day!

To everyone showing up with purpose — your work builds nations. Let’s keep creating value, dignity, and opportunity for all.

ONDO MOVES TO BOOST POWER GENERATION & DISTRIBUTION, GRANTS LICENSES FOR 100MW PLANT

Ore Power Limited & Valiant Energy Company Ltd Receive Landmark Licenses from Ondo State Electricity Regulatory Bureau to Operate and Expand the Ore IPP.
The Ondo State Government has taken a decisive step toward energy self-sufficiency with the formal grant of an operating license to Ore Power Limited — a jointly-owned power generation company, and another operating license to Valiant Electricity Limited – a power distribution company by the Ondo State Electricity Regulatory Bureau (OSERB). The licenses authorize the operation of the Ore 30MW Independent Power Plant (IPP), with a clear pathway for expansion to a total installed capacity of 100MW: 60MW dedicated to powering the Liquefied Natural Gas (LNG) Plant and 40MW injected directly into the Ondo State Electricity Grid. The LNG Production Plant is projected to operate at a capacity of 2,000 Tons Per Day (100 MMSCFD) at full development.

This landmark achievement is anchored in the Ondo State Electric Power Sector Law 2020, which empowers Ondo State to independently generate, distribute, and regulate electricity — a function previously controlled exclusively by the Federal Government through the Nigerian Electricity Regulatory Commission (NERC).

Speaking at the event, the Chief Executive Officer of the Ondo State Development and Investment Promotion Agency (ONDIPA), Emmanuel Omomowo Esq, who was ably represented by the Director of Business Development, Engr. Femi Akarakiri, emphasized the State’s proactive approach to attracting credible investors into critical sectors. He noted that Ondo State remains committed to creating an enabling environment for private sector participation, particularly in the energy space, which is pivotal to economic growth and industrialization.

Also speaking, the State Coordinator of the Ondo State Electricity Regulatory Bureau (OSERB), Engr. Stephen Olugbenga Bolawole, stated that the initiative aligns squarely with the policy direction of the State Government. He explained that the development is driven by the legal framework provided under the Ondo State Electric Power Sector Law, 2020, which governs electricity market operations within the State.

Speaking on behalf of the investor, the President of Valiant Group (the parent company of the various Valiant companies, including ASB Valiant Company Limited), Ayodele Ikumapayi, expressed confidence in Ondo State’s leadership in Nigeria’s power sector. He noted that the State possesses the human and natural resources required to achieve energy self-sufficiency.
He commended the State Government for creating a conducive investment climate and revealed that the company is partnering with Ondo State through Ore Power Limited to revitalize and expand power infrastructure.

The Work N Play Group, organizers of the 2026 Ondo Auto Rally, staged the 9th edition of Nigeria's premier motorsport event on Saturday, 4th April 2026, starting with the On-Road event at the front of Government House, Alagbaka, Akure to be followed by the Off-Road racing at the dedicated circuit located in Smokin Hills Golf Course, Ilara-Mokin, Ondo State. The event brings together motorsport enthusiasts, investors, and development stakeholders in a celebration of speed, innovation, and economic opportunities.

Speaking during the flag-off ceremony at the Government House Grounds, His Excellency, Dr. Lucky Orimisan Aiyedatiwa, Executive Governor of Ondo State and Chairman of ONDIPA, praised the promoter of the Ondo Auto Rally and the Managing Director of Work and Play Group for their vision, resilience, and sustained commitment to building a nationally recognized motorsport platform.

The Governor described the rally as “the first of its kind in Nigeria, proudly initiated and sustained in Ondo State,” noting that its continued success underscores the state’s growing capacity to host large-scale, high-impact events.

Mr. Governor also acknowledged the consistent role of ONDIPA in ensuring the sustainability of the auto rally since its inception, emphasizing the Agency’s alignment with the administration’s broader economic development agenda.

The State is actively transitioning from automobile consumption to automobile production—building an ecosystem that encompasses vehicle assembly, components manufacturing, and EV charging infrastructure. The rally serves as the flagship platform to communicate this vision to investors and industry partners at both national and international levels.

As part of the Investment Promotion drive of the state, Ondo State Development and Investment Promotion Agency (ONDIPA) is live at the WORK & PLAY ONDO AUTO RALLY 2026 happening live at Government house, Alagbaka Akure.

The Ondo auto rally is a direct product of the investment friendly policies champion by His Excellency, The Executive Governor of Ondo State , Gov Lucky Aiyedatiwa and the Chairman of ONDIPA whose administration has consistently priorize tourism and private sector development.

Invest in Ondo. Invest in Your Future. 🌟

A new month means a new chance to make moves that matter. Ondo State is brimming with opportunities waiting to be unlocked, and the time to act is now.

When you invest in Ondo, you're not just growing your personal wealth — you're fueling a thriving economy, empowering communities, and becoming part of a bigger, bolder story.

This April, don't sit on the sidelines. Be the change. Be the growth. Be the future. 💰🚀

Explore what ONDIPA has in store for you today.

Eid Mubarak 🌙! Wishing all our Muslim brothers and sisters peace, joy, and lots of love today.