Ogun Seaport Project Signals New Direction For Nigeria’s Maritime Economy, Says Monarch
Kuni Tyessi in Abuja A traditional leader and stakeholder, Otunba Adejare Rewane Adegbenro, has described the proposed $7 billion Gateway Deep Sea Port and Blue Marine Special Economic Zone in
Otunba Adejare Rewane Adegbenro, a traditional leader in Ogun State, has hailed the proposed $7 billion Gateway Deep Sea Port and Blue Marine Special Economic Zone as a significant boost to Nigeria's maritime and industrial sectors. Speaking at the signing of agreements in Paris on September 24, 2026, Adegbenro emphasized that the projects, which feature a 4-kilometre berth and 18-metre draft for larger vessels, are expected to attract investments of over $7 billion and generate more than 50,000 direct jobs.
The port, situated in Ogun Waterside, will be connected to a 10,000-hectare Blue Marine Special Economic Zone, fostering manufacturing, processing, logistics, warehousing, and export-oriented businesses. President Bola Ahmed Tinubu assured investors of regulatory clarity, policy stability, federal support, and infrastructure development, including road, rail, and power connectivity.
The Lagos-Calabar Coastal Highway, with a 28-kilometre stretch crucial to the port's viability, will link the port and economic zone to Lagos and the hinterland. Construction is set to commence in November 2026, with completion projected within two and a half years. The Ogun State government has expressed confidence in the project's potential to support employment, manufacturing, logistics, exports, government revenue, and overall economic activity.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
