Tinubu Secures $7 Billion Investment for Ogun Port Project

On September 25, 2026, President Bola Ahmed Tinubu addressed investors in Paris, France, emphasizing the Federal Government's dedication to regulatory clarity and policy stability. This statement coincided with the signing of Memoranda of Understanding between the Ogun State Government and DP World for the development of the Ogun State Blue Marine Special Economic Zone and Gateway Deep Seaport, involving an initial investment exceeding $7 billion.

The projects are anticipated to generate over 50,000 direct jobs and additional indirect employment opportunities. Tinubu praised DP World as a leading port operator and acknowledged Sky Capital's role as a financial adviser.

He assured investors of the Federal Government's support in transitioning the agreements to implementation, highlighting the port's potential to alleviate congestion at Lagos ports and enhance Nigeria's access to the African Continental Free Trade Area. The proposed deep seaport will feature a four-kilometre berth and an 18-metre draft, while the economic zone will span approximately 10,000 hectares.