FEC Approves Development Of $2.59bn Badagry Deep Seaport - Uju Ayalogu's Blog for News, Reviews, Articles and More

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Wednesday, 3 August 2022

FEC Approves Development Of $2.59bn Badagry Deep Seaport

 

FEC Approves Development Of $2.59bn Badagry Deep Seaport

FEC


Tolu Ogunlesi, special assistant to President Muhammadu Buhari on Digital & New Media said the approval came after the FEC met on Wednesday, August 3.


The development of Badagry deep-sea port has been approved by the federal executive council (FEC).


Tolu Ogunlesi, special assistant to President Muhammadu Buhari on Digital & New Media said the approval came after the FEC met on Wednesday, August 3.


He Tweeted;


''BREAKING: Federal Executive Council(FEC) today approved the Development of the Badagry Deep-Sea Port, on Build-Own-Operate-Transfer(BOOT) Public Private Partnership (PPP) Model Project Sum: USD$2.594 Billion, to be Fully-financed by Private Investors


Concession period: 45 years,''

FEC Approves Development Of $2.59bn Badagry Deep Seaport


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