PRESIDENT SUPERVISES AGREEMENT SIGNING IN PARIS

PRESIDENT SUPERVISES AGREEMENT SIGNING IN PARIS

President Bola Tinubu has assured domestic and foreign investors that Nigeria’s Government would continue to provide regulatory clarity, policy stability and a predictable business environment to support long-term investment in Nigeria.

The President spoke in Paris at the signing of an MoU between the Ogun State Government and DP World, one of the world’s leading ports and logistics operators, to develop the Ogun State Blue Marine Special Economic Zone and the Gateway Deep Seaport.

Governor Dapo Abiodun led the Ogun State Government delegation to the signing ceremony.

President Tinubu believes the agreements before bring together vision, expertise, capital and execution capacity.

He assured investors that the Federal Government would provide the necessary regulatory and institutional support to move the projects seamlessly from agreements to implementation.

The proposed port at Ogun Waterside, with a four-kilometre berth and an 18-metre draft, is expected to help decongest the Lagos port corridor, ease pressure on the Apapa and Tin Can Island ports, and reduce costs and delays for importers, exporters and consumers.

Ogun State Blue Marine Special Economic Zone is proposed to be accommodated on 10,000 hectares.

President Tinubu promised that the Federal Government would continue to work with Ogun State and other subnational governments to remove unnecessary bottlenecks and facilitate investments that create value for Nigerians, while respecting the country’s laws and regulatory requirements.