Federal Government ЁЯЗ│ЁЯЗм Clears Five Proposed Deep Seaports for Investment and Implementation
The Federal Government of Nigeria has completed the approval, certification, and compliance processes through the Infrastructure Concession Regulatory Commission (ICRC) for five proposed deep seaports across the country, paving the way for investment and implementation under Public-Private Partnership (PPP) arrangements.
The Approved Deep Seaports Projects Include:
1. Badagry Deep Sea Port тАУ Lagos State
2. Olokola Deep Sea Port тАУ spanning Ogun State and Ondo State
3. Ibom Deep Sea Port тАУ Akwa Ibom State
4. Bakassi Deep Sea Port тАУ Cross River State
5. Bonny Deep Sea Port тАУ Rivers State, which has also advanced beyond the PPP and funding constraint stages.
The development marks a major step in NigeriaтАЩs maritime expansion drive, with the proposed ports expected to strengthen regional trade, boost industrial growth, improve logistics capacity, and position Nigeria as a leading maritime hub in West Africa.
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The $5 billion Nigeria ЁЯЗ│ЁЯЗм LNG Limited Train 7 project on Bonny Island has now reached 92% completion, with work progressing into the systems completion and pre-commissioning phase.
The milestone marks a major step forward in NigeriaтАЩs gas expansion ambitions, while also strengthening local content development and industrial growth across the country.