Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

LASG restates commitment to Badagry deep seaport scheme

Chevron
Advertisements
Ad 2
Advertisements
Ad 3
Advertisements

Lagos State Governor, Akinwunmi Ambode has met with representatives of APM Terminals to advance the development of the Badagry Deep Sea Port project.

At the meeting, he reassured his administration’s key strategic imperative to creating a friendly environment to encourage private sector participation in driving economic development in the State.

Ambode at the meeting which took place in London, United Kingdom, said the Badagry Deep Sea Port Project with an estimated investment of over $2.3billion would address the infrastructure enhancement and urban renewal agenda of the State.

While expressing appreciation on the resolve of the investors to stay the course with the project, he said the facility on completion would generate over 500,000 direct and indirect jobs.

According to him, the State Government would spare nothing to see the project to realization, while pledging that the interests of the host communities within the location of the project will be protected.

‎He said the Badagry Deep Sea Port, on completion, will be the biggest in the African continent as it is expected to sit on a land space of over 1000 hectares.

Speaking on behalf of APM Terminals, Head of Africa, Peter Volkjaer Jorgensen said the Group was strongly committed to partnering the State Government on the project.

A statement said the meeting had in attendance Country Manager, APM Terminal, David Skov; Chairman APM Terminal Apapa, Chief Ernest Shonekan; Lagos State Governor, Akinwunmi Ambode; Head of Africa, APM Terminal, Peter Volkjaer Jorgensen; Chairman, Supreme Offshore Limited, Chidi Ofong; Koye Edu; Lagos State Commissioner for Commerce, Rotimi Ogunleye; Permanent Secretary, Lagos Global, Olajide Bashorun and Country Senior Partner, PricewaterhouseCoopers, Uyi Akpata.

LEAVE A RESPONSE

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.