Tinubu assures investors of regulatory clarity, as Ogun signs MoU for $7bn deep sea port
…To create 50,000 jobs, help decongest Lagos and Apapa ports President Bola Tinubu on Thursday in Paris, France, assured investors read more Tinubu assures investors of regulatory clarity, as Ogun signs MoU for $7bn…
The $7bn deep sea port deal, signed between Ogun State and DP World, is being positioned as one of Nigeria's largest single infrastructure investments, with backers projecting 50,000 jobs and a reduction in congestion at Lagos and Apapa ports, which have long struggled with capacity constraints that slow trade and raise shipping costs.
Tinubu's remarks in Paris, pairing the deal announcement with assurances on regulatory clarity and policy stability, reflect a broader push to reassure foreign investors who have previously cited unpredictable rules and shifting policy as risks to committing capital to Nigerian infrastructure projects.