FEC Approves Development Of Badagry Deep-sea Port

The development of the 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.”