The $2.59 billion Badagry Deep Seaport project is now in its second phase, focusing on implementation and finding strategic financial partners, according to the CEO of Badagry Port Development Limited, Didi Ndiomu.
The project, which will be one of the largest in Africa, is divided into four phases.
Ndiomu highlighted the natural depth of the proposed seaport as a significant advantage, eliminating the need for costly maintenance.
He urged the Nigerian government to take a leading role in boosting investor confidence, especially given the current economic challenges and currency fluctuations.
The Minister of Marine and Blue Economy, Adegboyega Oyetola, expressed the ministry’s commitment to facilitating the project’s progress, emphasizing its alignment with President Bola Tinubu’s economic agenda.