Governor Akinwumi Ambode of Lagos State has said that the Badagry Deep Sea Port project, when completed would be a major turning point in the economy of the state which was lately recognized as the fifth biggest economy in Africa.
Chief Press Secretary to the governor, Habib Aruna, quoted him as saying this after a meeting with the executive management of APM Terminals (Maersk Group) in London.
Ambode said that the meeting was sequel to a process which begun as far back as 2012, but which has been taken on with renewed vigour by his administration, resulting in a significant foreign investment estimated at over US $2.6billion into Lagos.
“This port and free zone, situated on over 1000 hectares is expected to be the largest deep sea port in Africa upon its completion. The project will include a container terminal, oil and gas services and a liquid bulk terminal, with general cargo and Ro-Ro facilities,” the Governor said.
He added that the project is expected to generate 500,000 direct and indirect jobs upon completion, and pledged his government’s commitment to ensuring the interests of the host communities alongside a sustainable regeneration and urban renewal of the area.
Governor Ambode noted that deep sea port project would be a major infrastructural development to the Badagry axis of Lagos state.
He also confirmed that talks are on to reach financial close on Lot 3 of the Mile 2-Seme 10-lane highway expansion, adding that it would complement the ongoing Badagry Deep Sea Port Project.
The representative of Maersk Group reassured the governor that the Group was committed to the Badagry Deep Sea Port, saying that that all business streams of the Group would be involved in ensuring the success of the Project.
It would be recalled that Governor Ambode about three weeks ago in London, met with representatives of APM Terminals led by the Head of Africa, Peter Volkjaer Jorgensen.
Read also:
- Minister Denies ‘Change Begins With Me” Costs N3.4 Billion
- Lagos To Advance Badagry Deep Sea Port
- More Nominees Reject Buhari’s Appointment
- Lagos Is Africa’s Fifth Largest Economy
- EFCC Arrests Reuben Abati
- Former IGP, Arase, Denies Corruption Allegations
- Police Arrest Robbery Suspects In Kaduna, Enugu
- Kaduna Declares Shiite Group Unlawful, Warns Against Mob Action
- How Dasuki Paid Dokpesi N2.1 Billion
- Kano Police Arrests 11 From ‘Kidnappers Forest’
- Mohammed Asks Women Ministers To Quit Over Buhari’s Comments On Wife
- Red Cross President Paints Grim Picture Of Niger Delta
- Kaduna Tremor: Relief Material Reach Victims One Month After
- Raids On Judicial Officers Expose Them To Criminals, Says NJC
- First Lady Reveals She May Not Support Her Husband’s Re-Election
- How Police Pension Boss Embezzled N24 Billion
- Police Parade Abductors Of CBN Governor’s Wife
- Mornach Blames Weak Regulations For Environmental Degradation
- How To Save Millions From Dying In The Lake Chad Basin