The Minister of Marine and Blue Economy, Adegboyega Oyetola, has affirmed the ministry’s commitment to facilitating the realization of the Badagry Deep Sea Port project. This statement was made during a meeting with Didi Ndiomu, the Chief Executive Officer of Badagry Port Development Limited, in Abuja.
Oyetola emphasized that the Badagry Deep Sea Port aligns with the objectives of President Bola Tinubu’s administration, highlighting the project’s potential benefits for the Federal Government. He assured that the ministry’s policies are in sync with the President’s agenda, and the ministry will actively support the project’s success.
The Minister also mentioned that he has engaged with both local and international investors who have shown interest in the project. He commended the efforts of Badagry Port Development Limited for overcoming numerous challenges and reaching the current stage of the project.
Didi Ndiomu, in his presentation, shared that the project is currently in its second phase, focusing on implementation and securing strategic financial partners. He highlighted that the Badagry Deep Sea Port, along with the Agge port in Bayelsa, are the only natural ports in Nigeria, which means they do not require additional costs for maintaining depth—a significant advantage for attracting investors.
Ndiomu called on the Federal Government to take a leading role in boosting investor confidence in the project, particularly given the current economic uncertainties in Nigeria. He stressed the importance of government support in assuring the international community of Nigeria’s commitment to infrastructure development.
The Badagry Deep Sea Port project received the Full Business Case Compliance Certificate from the Infrastructure Concession Regulatory Commission (ICRC) in 2022, and the Federal Executive Council approved its development under a Public-Private Partnership (PPP) in the same year.
