Lagos State Governor, Mr Babajide Sanwo-Olu, has received approval to build the Badagry Deep Seaport which was approved by the Federal Executive Council in August.
A statement signed by Sanwo-Oluβs Chief Press Secretary, Gboyega Akosile, said the approval, which was given at the just concluded Lagos State Economic Summit (Ehingbeti 2022), authorises and provides the legal basis for the concession of the Badagry Deep Seaport following the issuance of the Full Business Case Certificate by the Infrastructure Concession Regulatory Commission last April.
According to the statement, the $2.5bn project, which would be funded through Public Private Partnership, would be built on approximately 496 hectares.
It would have 2,470m quay length container terminal, 560m quay length break bulk terminal, 360m quay length OSB terminal and minimum of 18m depth.
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