$2.6bn Badagry Deep Sea Project Will Boost Economy – Ambode

The 2.6 billion dollar Badagry Deep Sea Port project will bring about global growth to the Nigerian economy.

That is according to the Lagos State Governor, Akinwunmi Ambode.

He made this known in a statement issued by his Chief Press Secretary Habib Aruna, on the highlights of his meeting with the Executive Management of APM Terminals in London.

Ambode met with the group’s representatives, Morten Engelstoft, alongside the Chairman of APM Terminal, Apapa, Chief Ernest Shonekan.

To advance the project

The meeting discussed the advancement of the Badagry Deep Sea Port as the project would also complement the emergence of Lagos as the fifth largest economy in Africa.

“This meeting was the culmination of a process which began since 2012 and which has been taken on with renewed vigour by the incumbent administration.

“It has resulted in this significant foreign investment estimated at over 2.6 billion dollars into Lagos.

“The port and free zone, situate on over 1,000 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,’’ it said.

The statement said the project was expected to generate 500,000 direct and indirect jobs upon completion.