Ogun Signs $7bn Deal to Expand Gateway Deep Sea Port
The Ogun State Government has signed agreements with DP World for the development of the Gateway Deep Sea Port and the Ogun State Blue Marine Special Economic Zone.
The projects are expected to attract more than $7 billion in initial investment and create more than 50,000 direct jobs, according to the state government.
President Bola Tinubu witnessed the signing in France.
The proposed investment is expected to strengthen Ogun’s position in manufacturing, logistics, trade and maritime business.
MONAFRIKA TAKE:
If implemented as planned, the project could have major implications for Ogun’s industrial economy. The key issue now is moving from agreements to actual construction, investment and job creation.
Leave a Reply