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FG Approves £1 Billion Modernisation Initiative for Lagos Ports

Nathaniel Irobi by Nathaniel Irobi
October 23, 2025
in National
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FG Approves £1 Billion Modernisation Initiative for Lagos Ports

FG Approves £1 Billion Modernisation Initiative for Lagos Ports

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The Federal Government has sanctioned a modernisation initiative for the ports in Lagos, amounting to one billion US dollars, while also initiating the procurement process for the enhancement of other seaports beyond Lagos.

Minister of Marine and Blue Economy, Adegboyega Oyetola, made this announcement yesterday during the 2025 Chartered Institute of Logistics and Transport (CILT) Nigeria Conference, which focused on “Enhancing Logistics and Transport for a Sustainable Blue Economy in Nigeria,” held in Lagos.

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Represented by the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, the Minister stated that the current port modernisation efforts aim to upgrade infrastructure, enhance cargo handling efficiency, and expand capacity to align with global standards.

“We are collaborating closely with all stakeholders to establish a paperless, technology-driven port environment that promotes efficiency, reduces turnaround times, and mitigates corruption,” Oyetola remarked.

He further elaborated: “In line with this commitment, the Federal Government has approved a one billion US dollar modernisation project for the Lagos ports, a significant initiative aimed at upgrading infrastructure, enhancing cargo handling, and expanding capacity to meet international standards.

“Additionally, the procurement process has begun for similar modernisation projects at ports outside Lagos, ensuring balanced development across our maritime gateways,” he added.

Oyetola explained that these initiatives demonstrate the administration’s resolve to enhance logistics performance and competitiveness within the marine and transport sectors, positioning Nigeria as a preferred hub for maritime trade and investment.

ALSO READ:  PPDC Launches $7,500 Grant For Grassroots Procurement Monitors

He noted that through strategic interventions such as the Deep Blue Project, Nigeria has maintained a record of zero piracy incidents over the past three years.

“Since the establishment of the Ministry, we have prioritised strategic reforms and institutional strengthening. With the Deep Blue Project and other initiatives, we are securing our maritime domain to foster investment and reduce the cost of doing business.”

Tags: Modernisation
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