By Peter Dansu The long awaited Badagry Deep Sea Port project has taken another major step forward as global port operator APM Terminals si...
By Peter Dansu
The long awaited Badagry Deep Sea Port project has taken another major step forward as global port operator APM Terminals signed a Memorandum of Understanding with the project’s development partners to commence exclusive negotiations on its proposed development.
The agreement, signed in Copenhagen, Denmark, has renewed attention on the ambitious port project and raised fresh hopes that Badagry could soon emerge as a major maritime and logistics hub in West Africa.
The signing took place during a Federal Government delegation led by the Minister of Marine and Blue Economy, Dr Adegboyega Oyetola.
Vincent Clerc, Group Chief Executive Officer of A P Moller Maersk, signed on behalf of APM Terminals, while Didi Ndiomu represented Badagry Port Development Limited and Quinn McGrath Marine and Environmental Services Limited.
The Federal Government described the development as being in line with its broader plan to modernise Nigeria’s maritime infrastructure, expand cargo capacity and position the country to take greater advantage of regional and international trade.
APM Terminals Managing Director for Africa and Europe, Igor van den Essen, reaffirmed the company’s interest in Nigeria’s maritime sector, while Ndiomu described the MoU as a critical milestone in the journey towards delivering the long anticipated Badagry Port.
The proposed greenfield deep sea port is expected to handle larger vessels and significantly expand Nigeria’s maritime capacity. Beyond the port itself, its eventual development is expected to attract investment, generate employment and drive economic activities across Badagry and surrounding communities.
For Badagry, the development could mark a significant turning point, particularly if the project progresses from negotiations to actual construction and operations.
The latest agreement, according report, is not yet a final investment or construction deal. The parties must still conclude further negotiations and secure the necessary regulatory approvals before the project can move into full implementation.
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