The Ogun State Government and DP World signed two memoranda of understanding to develop the Gateway Deep Sea Port and establish the 10,000-hectare Blue Marine Special Economic Zone. The two initiatives are expected to attract initial investments exceeding $7 billion and create more than 50,000 direct jobs. Nigerian President Bola Ahmed Tinubu witnessed the signing ceremony in Paris, noting that integrating the port with the economic zone would help ease trade and logistics challenges, support manufacturing and the local processing of raw materials, strengthen non-oil exports, and deepen Nigeria’s links with African and global markets.
For more details: Read article