Tinubu witnesses $7bn Ogun Deep Seaport deal in Paris, pledges support for investors

President Bola Tinubu witnessed the signing of memoranda of understanding between the Ogun State Government and DP World for the development of the Gateway Deep Seaport and the Blue Marine Special Economic Zone in Paris, France. The agreements, expected to attract an initial investment of over $7 billion and create more than 50,000 direct jobs, were signed on behalf of the state government by Ogun State Governor, Dapo Abiodun, and DP World Group Chief Executive Officer, Yuvraj Narayan, representing the international ports and logistics company.

President Tinubu assured investors that the Federal Government would provide regulatory clarity, policy stability, and institutional support to ensure the projects progressed from signed agreements to implementation, describing them as important components of Nigeria’s economic diversification strategy and efforts to become a major hub for maritime trade, logistics, manufacturing, and exports.

Brief written by urgent.news from Daily Post Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.