World & BusinessOgun State and DP World sign memorandums of understanding for deep seaport and economic zone
A post about the Paris signing says the projects are expected to attract over $7 billion in investment and create more than 50,000 direct jobs. It says President Bola Tinubu pledged policy stability and regulatory clarity for investors.
TLDR
According to the post, Ogun State and DP World signed memorandums of understanding in Paris to develop the Gateway Deep Seaport and Ogun State Blue Marine Special Economic Zone. The projects are expected to attract over $7 billion in investment, create more than 50,000 direct jobs and boost non-oil exports, the account says. It also says President Bola Tinubu promised federal regulatory and institutional support and highlighted the Lagos–Calabar Coastal Highway as critical to supporting the port and economic zone’s commercial viability.
