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FEC Approves $2.59bn Development Of Badagry Deep Seaport

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

BUHARITolu 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,”

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Photo Credit: Getty

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