Tinubu Upbeat as Ogun, DP World Sign $7bn Deal for Port, Blue Marine Zone
*50,000 jobs expected, project to ease pressure on Lagos ports *Gov Abiodun: Deep seaport will open new gateway for Ogun *10,000-hectare zone to drive manufacturing, processing, non-oil exports Emmanuel Addeh
President Bola Tinubu expressed optimism about the proposed Gateway Deep Seaport and Ogun State Blue Marine Special Economic Zone, which he believes will transform Ogun State's economic landscape and bolster Nigeria's maritime trade, manufacturing and exports. The projects, signed in Paris, are expected to attract over $7 billion in initial investment and create more than 50,000 jobs upon completion.
The deep seaport, with a 4-kilometre berth and 18-metre draft, will ease congestion in Lagos ports and benefit Apapa and Tin Can Island ports. The 10,000-hectare Blue Marine Special Economic Zone will drive manufacturing, processing, and non-oil exports. The Lagos-Calabar Coastal Highway, crucial to the corridor's viability, is set for completion before year-end.
Tinubu emphasized that the projects represent an integrated economic corridor and stressed the importance of implementation following the signing of the MoUs.
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