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Ogun State and DP World maritime infrastructure deal

Updated 2 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-29 20:38 UTC → 2026-10-17 12:35 UTC · added removed

Ogun State and DP World signed Memoranda are moving forward with the development of Understanding in Paris to develop the Gateway Deep Seaport and the Blue Marine Special Economic Zone. The project involves an initial investment exceeding Zone, following a $7 billion and agreement signed in Paris. Construction is expected scheduled to create more than 50,000 direct jobs. The Gateway Deep Seaport at Ogun Waterside is designed begin in November, preceded by a groundbreaking ceremony, with an 18-metre draft and a four-kilometre berth to accommodate large vessels, aiming to reduce congestion at the Apapa and Tin Can Island ports in the Lagos corridor. The Blue Marine Special Economic Zone will cover approximately 10,000 hectares, creating an integrated ecosystem target for manufacturing, logistics, substantial completion within two and international trade. a half years. The Nigerian Federal Government intends to support the project through aims to transform Ogun Waterside into a West African maritime hub, supported by federal infrastructure connections, including road, rail, and power, as well such as links to the Lagos-Calabar Coastal Highway. Construction for the port and the special economic zone In a separate expansion of its Nigerian operations, DP World is scheduled also engaging in a partnership with TGI Group. Through this deal, a subsidiary of TGI, 22 Plus Invest Limited, is set to begin acquire a 43 percent stake in November. DP World Logistics Limited from UAC of Nigeria Plc, subject to regulatory approval. Ogun State Governor Dapo Abiodun announced that is currently pursuing a groundbreaking ceremony will precede the work, broader industrial expansion strategy with a potential investment pipeline exceeding $17 billion. This includes the $7 billion maritime project expected to reach substantial completion within two and a half years. separate $10 billion liquefied natural gas (LNG) project in collaboration with the Nigerian National Petroleum Company Limited (NNPC). State officials recently defended the legitimacy of these maritime investments following political criticism that labeled the seaport deal a “broken promise.” Officials asserted that the commitments are verifiable, noting that agreements were signed in the presence of high-ranking figures, including President Bola Ahmed Tinubu and the Managing Director of the Nigerian Ports Authority.

Versions

  1. 2026-10-17 12:35 UTC Ogun State and DP World maritime infrastructure deal
  2. 2026-09-29 20:38 UTC Ogun State and DP World maritime infrastructure deal
  3. 2026-09-28 07:01 UTC Ogun State and DP World maritime infrastructure deal

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