President Bola Tinubu announced memoranda of understanding with DP World and others for a Gateway Deep Seaport and a 10,000-hectare Blue Marine Special Economic Zone in Ogun State, projecting over $7 billion in investment and major job creation tied to improved transport links.
MoUs signed in Paris set the stage for a Gateway Deep Seaport with a 4 km berth and 18 m draft and a 10,000-hectare Blue Marine Special Economic Zone.
President Tinubu said the projects are expected to attract more than $7 billion and create over 50,000 direct jobs once fully developed.
President Bola Tinubu unveiled a package of memoranda of understanding that aim to bring more than $7 billion of investment into Ogun State for two linked projects: the Gateway Deep Seaport at Ogun Waterside and the Ogun State Blue Marine Special Economic Zone (SEZ). The announcements were made at a signing event in Paris where the Ogun State government and DP World, among others, signed the MoUs.
The proposed Gateway Deep Seaport is planned to feature a four-kilometre berth and an 18-metre draft, designed to accommodate larger vessels and ease congestion on the Lagos port corridor—specifically to relieve pressure on Apapa and Tin Can Island. The Blue Marine SEZ is envisioned to cover about 10,000 hectares and be integrated with the deep seaport to support manufacturing, processing, exports and logistics.
The presidency projects an initial investment of more than $7 billion and estimates over 50,000 direct jobs when the projects are fully developed, with additional indirect employment expected. The administration frames the developments as contributions to non-oil export earnings and broader economic diversification.
Tinubu linked the port and SEZ to the wider Lagos–Calabar Coastal Highway corridor, noting the Ogun section of the 700-kilometre highway as a critical transport connection. He said the 28-kilometre Ogun stretch was scheduled for completion before the end of the year, positioning it as a key link for the emerging industrial and maritime corridor.
The projects aim to address known constraints in Nigeria's maritime trade: port congestion, limited draft capacity that restricts larger vessels, and logistics bottlenecks that raise business costs. The integration of a deep seaport with a large SEZ is presented as a combined solution intended to create industrial capacity linked directly to efficient maritime access.
James Sowole in Abeokuta Ogun State Governor, Prince Dapo Abiodun, has disclosed that construction work on the over $7 billion Gateway Deep Sea Port and Ogun State Blue Marine Special
President Bola Ahmed Tinubu has assured domestic and foreign investors that the Federal Government would continue to provide regulatory clarity, policy stability and a predictable business environment to support long-term investment in Nigeria. The President spoke in Paris, France, at the signing of Memoranda of Unders
The president spoke in Paris, France, at the signing of Memoranda of Understanding between the Ogun State Government and DP World. The post Tinubu pledges support as Ogun signs port agreement in Paris appeared first on Premium Times Nigeria .
The President said the project complements the administration’s wider investments in digital skills, entrepreneurship, enterprise development and support for MSMEs.
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James Sowole in Abeokuta The governorship candidate of the All Progressives Congress (APC) in Ogun State, Senator Solomon Adeola, popularly known as Yayi, has unveiled a nine-point development agenda for
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