FG approves $1bn modernization project for Lagos ports

By Godwin Oritse

The Federal Government has approved a 1 cardinal US dollar modernisation task for the Lagos ports, conscionable arsenic it commenced procurement process for the modernisation of different seaports extracurricular Lagos.

Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed    this yesterday, during the 2025 Chartered Institute of Logistics and Transport (CILT) Nigeria Conference, themed “Enhancing Logistics and Transport for a Sustainable Blue Economy successful Nigeria,” held successful Lagos.

Represented by the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, the Minister said the ongoing larboard modernisation thrust is aimed astatine upgrading infrastructure, improving cargo handling efficiency, and expanding capableness to conscionable planetary standards.

“We are moving intimately with each stakeholders to execute a paperless, technology-driven larboard situation that enhances efficiency, reduces turnaround time, and curbs corruption,” Oyetola said.

He stated further: “As portion of this commitment, the Federal Government has approved a 1 cardinal US dollar modernisation task for the Lagos ports, a landmark inaugural designed to upgrade infrastructure, amended cargo handling, and grow capableness to conscionable planetary standards.

“In addition, the procurement process has commenced for akin modernisation projects astatine ports extracurricular Lagos, to guarantee balanced improvement crossed our maritime gateways” helium added.

Oyetola explained that the initiatives bespeak the administration’s determination to boost logistics show and competitiveness wrong the marine and transport sectors, positioning Nigeria arsenic a preferred hub for maritime commercialized and investment.

He noted that done strategical interventions specified arsenic the Deep Blue Project, Nigeria has sustained a grounds of zero piracy incidents successful the past 3 years.

“Since the inception of the Ministry, we person focused connected strategical betterment and organization strengthening. With the Deep Blue Project and different interventions, we are safeguarding our maritime domain to promote concern and trim the outgo of doing business”.

The station FG approves $1bn modernization task for Lagos ports appeared archetypal connected Vanguard News.