FEC Approves Development Of $2.59bn Badagry Deep Seaport

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The federal executive council (FEC), on Wednesday, approved the development of the Badagry deep-sea port.

Tolu Ogunlesi, special assistant to President Muhammadu Buhari on Digital & New Media, said this in a tweet on Wednesday.

FEC Approves Development Of $2.59bn Badagry Deep Seaport

According to Ogunlesi, the project is estimated to cost $2.594 billion and would be fully financed by private Investors.

The project would be concessioned for 45 years.