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Ogun State and DP World sign $7bn deep seaport and economic zone deals
The Ogun State Government and DP World have signed Memoranda of Understanding in Paris to develop the Gateway Deep Seaport and the Blue Marine Special Economic Zone. These projects are expected to attract an initial investment exceeding $7 billion and are projected to create over 50,000 direct jobs upon full operation.
The Gateway Deep Seaport, located at Ogun Waterside, will feature a four-kilometre berth and an 18-metre draft, allowing it to accommodate larger vessels. This development aims to decongest the Lagos port corridor and reduce pressure on the Apapa and Tin Can Island ports. The seaport will be integrated with the 10,000-hectare Blue Marine Special Economic Zone, which is designed to support manufacturing, processing, and export-oriented industries.
President Bola Tinubu, who witnessed the signing, assured investors of regulatory clarity, policy stability, and institutional support from the Federal Government. He noted that the projects are vital to Nigeria’s economic diversification and will provide a competitive gateway to the African Continental Free Trade Area market.
Entities
Blue Marine Special Economic Zone · Bola Ahmed Tinubu · Bola Tinubu · DP World · Dapo Abiodun · Gateway Deep Sea Port · Gateway Deep Seaport · Gateway Deep Seaport · Ogun State Government
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 18 SOURCES] The development is projected to create over 50,000 direct jobs. sahelstandard.com · shippingposition.com.ng · www.worldstagenews.com · newscentraltv.com · economicconfidential.com · +7 more
- [● 10 SOURCES] The Blue Marine Special Economic Zone is planned to cover 10,000 hectares. shippingposition.com.ng · www.worldstagenews.com · newscentraltv.com · thewhistler.ng · businessday.ng · +2 more
- [● 12 SOURCES] The Gateway Deep Seaport will feature a four-kilometre berth and an 18-metre draft. sahelstandard.com · shippingposition.com.ng · www.worldstagenews.com · newscentraltv.com · thewhistler.ng · +4 more
- [● 18 SOURCES] The projects are expected to attract more than $7 billion in initial investment. sahelstandard.com · shippingposition.com.ng · www.worldstagenews.com · newscentraltv.com · economicconfidential.com · +7 more
- [● 12 SOURCES] The projects aim to decongest the Lagos port corridor and reduce pressure on Apapa and Tin Can Island ports. sahelstandard.com · shippingposition.com.ng · newscentraltv.com · thewhistler.ng · businessday.ng · +4 more
- [● 8 SOURCES] Ogun State and DP World signed MoUs in Paris. sahelstandard.com · shippingposition.com.ng · www.worldstagenews.com · bizwatchnigeria.ng · www.arise.tv · +2 more