Lagos State Governor, Mr Babajide Sanwo-Olu, has received approval to build the Badagry Deep Seaport which was approved by the Federal Executive Council in August.
A statement signed by Sanwo-Olu’s Chief Press Secretary,
Gboyega Akosile, said the approval, which was given at the just concluded Lagos
State Economic Summit (Ehingbeti 2022), authorises and provides the legal basis
for the concession of the Badagry Deep Seaport following the issuance of the
Full Business Case Certificate by the Infrastructure Concession Regulatory
Commission last April.
According to the statement, the $2.5bn project, which would
be funded through Public Private Partnership, would be built on approximately
496 hectares. It would have 2,470m quay length container terminal, 560m quay
length break bulk terminal, 360m quay length OSB terminal and minimum of 18m
depth.
It was expected to generate 250,000 direct jobs, enhance
government revenue and operate under a build, operate and transfer concession
agreement.
Speaking on the development, Sanwo-Olu said the Seaport
would boost Lagos State’s logistics and commerce capability.
He said, “We are excited that Lagos is on the way to having
another deep seaport on the Western side of the city. Before the end of this
year, we will be commissioning the Lekki Deep Seaport on the Eastern side. What
it means is that, what we have been suffering as a logistics and commerce hub
of West Africa will be addressed when we increase maritime infrastructure that
improves turnaround time in this sector.”
With this, Lagos is assured to remain the economic and
commercial nerve centre of the entire sub-Saharan Africa.
Sanwo-Olu also signed also a Memorandum of Understanding
with Siemens Energy Limited and German-owned Deutsche Gesellschaft für
Internationale Zusammenarbeit to set up an Energy Training Centre of Excellence
at the Government Technical College in Ikorodu.
The training, which would be conducted in collaboration with
the Lagos State Technical and Vocational Education Board, would provide a
needs-based technical and vocational education to over 16,000 young people
between ages 15 and 35.
The programme was expected to produce highly skilled
industry technicians with modern practice-oriented. Sanwo-Olu said a 30 per
cent slot would be allocated to female candidates to enhance women
participation in engineering education.
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