Ogun State Governor Dapo Abiodun has announced that construction of the over $7 billion Gateway Deep Sea Port and Ogun State Blue Marine Special Economic Zone will begin in November. The governor made this disclosure while addressing All Progressives Congress stakeholders in Ijebu East and Ijebu North Local Government Areas of the state. Abiodun stated that the project would commence with a groundbreaking ceremony in November, followed immediately by construction.
The announcement came days after the Ogun State Government signed a $7 billion agreement with DP World MEA FZE in Paris, France, in the presence of President Bola Tinubu. Abiodun said the partnership with DP World, a global port operator, would help unlock Ogun State’s maritime potential and attract further investment. The governor noted that successive administrations had pursued the deep-sea port project for more than three decades without bringing it to fruition.
Abiodun stated that his government had revived the project as part of efforts to expand the state’s economy. The governor said the port would strengthen Ogun’s position in the maritime sector and described Ogun Waterside as having the potential to become a major maritime hub in West Africa. He added that the port could reach substantial completion within two and a half years.
The Ogun State Government has been working to improve access to Ogun East and support the port project through federal infrastructure projects. Abiodun identified the rehabilitation of the Sagamu-Ijebu-Ode-Ore Road and the Lagos-Calabar Coastal Highway as key projects that would enhance access to the area. He also highlighted the bitumen deposits stretching from Ijebu East towards Ondo State as another major economic resource in the area.
Abiodun said his administration would continue to explore investment opportunities around the state’s mineral and energy resources. The governor emphasized that the port project would not only boost the state’s economy but also create new opportunities for investors. He expressed optimism that the project would have a positive impact on the state’s economic growth.
The Gateway Deep Sea Port and Ogun State Blue Marine Special Economic Zone project is expected to have a significant impact on Nigeria’s maritime sector. The project is being developed in partnership with DP World MEA FZE, a global port operator with extensive experience in managing ports and terminals. Abiodun’s administration is confident that the project will be completed within the projected timeframe.
The construction of the $7 billion Gateway Deep Sea Port and Ogun State Blue Marine Special Economic Zone is a major milestone for Ogun State and Nigeria. The project is expected to create new economic opportunities, boost the state’s revenue, and enhance the country’s maritime sector. Key aspects of the project include a groundbreaking ceremony in November, a partnership with DP World MEA FZE, and a projected completion time of two and a half years.
Key points
- Construction of the $7 billion Gateway Deep Sea Port and Ogun State Blue Marine Special Economic Zone to begin in November.
- The project is a partnership between the Ogun State Government and DP World MEA FZE.
- The port is expected to reach substantial completion within two and a half years.
