The Ogun State Government and DP World MEA FZE have finalized significant agreements to develop the Gateway Deep Sea Port in Ogun Waterside and the 10,000-hectare Ogun State Blue Marine Special Economic Zone. These projects are anticipated to draw in more than $7 billion in initial investments and create over 50,000 direct jobs, along with thousands of additional indirect employment opportunities.
President Bola Ahmed Tinubu witnessed the signing in Paris, France, alongside the Minister of Marine and Blue Economy, Adegboyega Oyetola; the Director-General of the Nigerian Ports Authority, Dr. Abubakar Dantsoho; financial advisers and other private-sector partners.
The proposed Deep Sea Port will feature a four-kilometre berth and an 18-metre draft, enabling it to accommodate larger vessels, ease pressure on the Lagos port corridor and reduce logistics costs. Integrated with the Blue Marine Special Economic Zone, it will support manufacturing, processing, maritime services and exports while strengthening Nigeria’s non-oil economy.
The development will link to the 28-kilometer Ogun segment of the Lagos-Calabar Coastal Highway, the planned Nigerian Navy Operating Base and Dockyard, the OK LNG Project, Gateway International Airport, and dry ports, forming an integrated multimodal economic and logistics corridor.
“We deeply appreciate our President, Asiwaju Bola Ahmed Tinubu, for his leadership and commitment towards bringing this vision, which had remained largely unrealised for more than three decades, closer to reality. We equally appreciate the Federal Ministry of Marine and Blue Economy, the NPA, DP World and all our partners.
“For us, this is much more than building a port. We are creating a gateway that will connect Ogun and Nigeria’s productive capacity to Africa and the global economy, attract investments, strengthen SMEs and supply chains, expand exports and create sustainable employment,” the state government said.
Under our Building Our Future Together agenda, we remain committed to ensuring that these agreements translate into real projects, jobs, investments and prosperity for our people.
