👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

Business NewsNews

Sanwo-Olu gets FG’s approval for $2.5bn Badagry seaport

The August decision of the Federal Executive Council to authorise the construction of the Badagry Deep Seaport has been communicated to the governor of Lagos State, Mr. Babajide Sanwo-Olu.Infomation Guide Nigeria

The approval, which was granted at the recently concluded Lagos State Economic Summit (Ehingbeti 2022), authorizes 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.

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

Approximately 496 hectares would be used to construct the $2.5 billion project, which would be funded through a Public Private Partnership. It would have 2,470m of container terminal quay length, 560m of break bulk terminal quay length, 360m of OSB terminal quay length, and a minimum depth of 18m.

Other Top Stories:

It was anticipated to generate 250,000 direct employment, increase government revenue, and function on a build, operate, and transfer concession deal.

Speaking on the development, Sanwo-Olu said the Seaport would boost Lagos State’s logistics and commerce capability.

He said, “We are excited that Lagos is on the way to having another deep seaport on the Western side of the city. Before the end of this year, we will be commissioning the Lekki Deep Seaport on the Eastern side. What it means is that, what we have been suffering as a logistics and commerce hub of West Africa will be addressed when we increase maritime infrastructure that improves turnaround time in this sector.

This ensures that Lagos will continue to serve as the economic and commercial hub of sub-Saharan Africa.

Sanwo-Olu also inked an MOU with Siemens Energy Limited and Deutsche Gesellschaft für Internationale Zusammenarbeit to establish an Energy Training Centre of Excellence at the Government Technical College in Ikorodu.Jamb Result

The programme, which would be undertaken in partnership with the Lagos State Technical and Vocational Education Board, would equip over 16,000 young people aged 15 to 35 with a needs-based technical and vocational education.

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

Check Jamb Result 
Check and Confirm: How much is Dollar to Naira

📢 We are hiring writers!

Article Writing Jobs - We are hiring good freelance writers - Click here to apply

Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment. . Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,. . All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA). . . The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.
. We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us  for immediate removal.

Emediong Silver

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing. Whatapp: 08088735884

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker