Nigeria Approves $1 Billion Port Modernization Project Led by Gilbert Chagouri's ITB Nigeria

Nigeria's federal government has greenlit a $1 billion project to upgrade two key ports in Lagos, signaling a major step towards modernizing the country's maritime infrastructure. The project, led by Gilbert Chagouri's ITB Nigeria subsidiary under the Chagouri Group, aims to boost trade efficiency and alleviate congestion at the ports.

Adegboyega Oyetola announced the logistics overhaul, emphasizing a shift towards paperless and technology-driven operations for quicker vessel turnaround times and reduced delays. This initiative aligns with Nigeria's broader maritime revival efforts and positions Lagos as a pivotal trade hub in West Africa.