Apart from petroleum found in the area, other mineral raw materials available in Ilajeland include glass sand, salt, Tar sand/Bitumen, quartz and clay. Agricultural products include: Fish, piggery, Maize, Palm oil, Vegetables, Timber, Rafia, Poultry, Copra, cocoyam, Bananas and Cassava. The natural environment of Ilajeland is particularly suitable for the development of large scale rice plantations and the salt industry. The occupational activities of the Ilajes include fishing, canoe making, lumbering, net making, mat making, launch building, farming and trading. Fishing however remains the major agricultural preoccupation of the Ilaje. This is underscored by the fact that the Ilaje’s geographical sphere has one of the longest coastlines in Nigeria. Ilaje’s fishing dexterity is underlined by a popular saying among the Ilaje that:

Ubo ẹri ipa tọ, ilaje gwa to rin
meaning:

Where the path of river currents flow through, there you will find the Ilaje.
Thousands of migrant Ilaje fishermen can be found in many other coastal communities all over Nigeria in places like Epe, Escravos, Warri, Badagry, Brass and Nembe.

Igbokoda, the Ilaje local government headquarters is fast becoming an international trade center as its popular market attracts traders not only from other part of Nigeria, but, also from other African countries especially Togo, Benin, Ghana, Cameroon and Gabon. Ilajeland is only about 75 kilometers from Lagos and its aquatic environment present the area as a suitable environment for tourism. It is hoped that the Ondo State government and the government of Nigeria will help develop it into a world class tourist attraction. In the past the entire area suffered serious neglect and marginalization in the hands of the government. However, it appears that the Ondo State government has come to realize the importance of Ilajeland not only because it is her only outlet to the sea but also because it is her economic power house. The state is now constructing a network of roads linking the area with the hinterland and has promised to provide basic social amenities including electricity and drinking water systems.

The highlight of the Ondo State’s recent development efforts is the acquisition of about 200 hectares of land to be developed and built as a satellite town for the people displayed from their homes in towns and villages on the Atlantic coastline as a result of petroleum drilling and exploratory activities. No doubt, there is a big future for the area especially with the Olokola Development project by Ondo and Ogun State Governments.