Headlines
Exclusive! Hope rises on take-off of proposed $3bn Badagry Deep Seaport as NPA, APMT resume discussion
The approval was finalised following a presentation by the Federal Ministry of Transportation at the Federal Executive Council (FEC) during the last administration of President Mohammed Buhari.
According to officials, the port is expected to generate $53.6 billion in revenue over the 45 years concession period.
The proposed site of the project is located 55km west of Apapa and the port of Lagos, along the 55km long Lagos-Badagry Expressway, which is being upgraded from a four-lane to a ten-lane expressway.
The port is expected to have an annual throughput capacity of 1.8 million Twenty-foot Equivalent Units (TEUs).
The proposal for the project was announced in 2012. Feasibility studies have been completed and construction works are yet to start.
The project will be implemented in four phases, with the overall project cost estimated to range between $2 billion and $3 billion.
Also, it is expected that the new port will primarily ease pressure on the existing ports of Lagos, Apapa and Tin-Can Ports, which handle approximately 85 percent of the country’s non-oil throughput.
It will further alleviate the burden on the country’s existing ports, which are on the verge of exceeding their cargo handling capacities, and address the country’s annual container traffic, which is expected to grow to 10 million Twenty-foot Equivalent Units by 2030.
Plans for the adjoining Badagry Free Trade Zone will include a power plant, oil refinery, industrial park and warehousing and Inland Container Deport functions.
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Tantita intercepts stolen crude on escort of Delta Marine Police, arrests four suspects
Headlines
Mobereola, NIMASA DG, reflects on year 2025 with satisfaction, says 2026 holds promising opportunities for maritime industry
” You can therefore be sure of an increased momentum in our resolve to sustain maritime safety, security, environmental protection and adherence to relevant conventions and protocols with renewed vigour.”
The DG concluded by acknowledging the support of President Bola Ahmed Tinubu, Adegboyega Oyetola, Minister of Marine and Blue Economy, industry stakeholders, management and staff of NIMASA as well as all Nigerians and wished everyone a Merry Christmas and a prosperous New Year.
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