Tinubu's Ally to Lead N1.4 Trillion Lagos Ports Project
Gilbert Chagouri, co-founder of Chagouri Group, has been selected to manage a significant N1.4 trillion project aimed at modernizing the Apapa and Tin Can Island ports in Lagos. This decision follows a £746 million export finance agreement with the UK, finalized during President Bola Ahmed Tinubu's two-day state visit to the UK.
The Federal Executive Council approved a budget of $1 billion for the project, which is expected to enhance the logistics and transport sectors in Nigeria. Gboyega Oyetola, the Minister of Marine and Blue Economy, confirmed the approval on October 22, 2025.
The project is part of a broader initiative to improve Nigeria's maritime infrastructure, which has faced criticism for neglecting ports in the eastern Niger Delta. Chagouri Group is also involved in other major infrastructure projects, including the Lagos-Calabar coastal road and the Eko Atlantic City development.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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