STATEHOUSE PRESS RELEASE IN PARIS, AS OGUN STATE, DP WORLD SIGN MOU ON DEEP SEA PORT, PRESIDENT TINUBU ASSURES INVESTORS OF REGULATORY CLARITY President Bola Ahmed Tinubu has assured domestic and foreign investors that the Federal 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, France, at the signing of Memoranda of Understanding 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. The delegation included the Secretary to the State Government, Tokunbo Talabi, and the Commissioners of Finance, Works, Industry, Trade and Investment, Transport, and a representative of the host community. Also at the event were the Minister of Marine and Blue Economy, Adegboyega Oyetola, Nigeria’s Ambassador to France, Emmanuel Ayodele Oke, Managing Director and Chief Executive Officer of the Nigerian Ports Authority, Dr Abubakar Dantsoho, Group Chief Executive Officer, DP World, Yuvraj Narayan, Managing Director, SkyKapital, Karim Noujaim, and the Senior Vice President, Business Development, Sub-Saharan Africa Regional Office, DP World, Mohammed Rashid Ismail. "The agreements before us bring together vision, expertise, capital and execution capacity. I particularly welcome DP World, one of the world’s leading port and logistics operators. I also acknowledge our financial advisers, Sky Capital, and all the investors and partners whose commitment has brought us to this important stage,” the President said. President Tinubu assured investors that the Federal Government would provide the necessary regulatory and institutional support to move the projects seamlessly from agreements to implementation. He also stressed that the government would hold all parties accountable for their commitments, describing the agreements as a significant milestone in Nigeria’s efforts to attract foreign direct investment, expand productive capacity and position the country as a major hub for maritime trade, logistics, manufacturing and exports. The proposed port at Ogun Waterside, with a four-kilometre berth and an 18-metre draft, would 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. It will accommodate the larger, deeper-draft vessels that support modern global commerce and provide a competitive trade and logistics gateway for the African Continental Free Trade Area, positioning Nigeria to serve a continental market of approximately 1.4 billion people. Ogun State Blue Marine Special Economic Zone is proposed to be accommodated on 10,000 hectares. “These agreements envisage an initial investment of more than $7 billion in the Nigerian economy. At full development, the projects are projected to create more than 50,000 direct jobs and many additional indirect opportunities, while generating substantial non-oil export earnings from Nigerians’ creativity and productivity across the value chain. “This is economic diversification made tangible. This is industrialisation made visible. This is Renewed Hope in action. I commend Governor Dapo Abiodun, and the Government and people of Ogun State, for securing the land, structuring the investment framework and reducing project risks for global investors. “This is cooperative federalism as envisaged by our Constitution: subnational vision supported by federal facilitation. “We will facilitate road, rail and power connectivity; strengthen investment security and our maritime domain; and remove unnecessary bureaucratic obstacles,” the President said.show more

This format don cast. Until construction starts, don't believe this people.

Someone said that Nigeria is gradually becoming Cameroon that it's president runs the country and give press statement from France. Vote Tinubu out and protect your vote by any means possible. #TinubuMustGo

Just watch how everything is normal. Ogun state governor or Umahi will not ask the Yorubas to worship Tinubu for this. But once they pave a 2KM road in SE, they expect Ndigbo to worship Tinubu.

And those ass licking southeast governors should close their faces in shame, especially umahi and soludo two stupids animals in southeast including all Apc governors in southeast.

Decongesting Lagos you said. What's the difference between Lagos and Ogun state. What happened to Port Harcourt Sea port, Warri Sea port, Calabar seaport, Aba seaport (Azummili) the one Abia State governor is building. Can't look into those ones if you really want to decongest.

This is not the kind of leader Nigeria wants. You failed to attend more important events just to boycott your drug case

He is investing 7 billion usd in his friend Gilbert Chougory that alone should tell you what is going on here . Again so suddenly Tinubu wants to invest Nigeria’s money in ogun state to develop a new sea port meanwhile Warri , Ph, Calabar should wait? The deep port in these places ( deeper than ogun waters by the way) has been abandoned for ages and has choked the economy completely. How does the ogun port open the economy to other states ? Is he not supposed to make those ports work optimally before awarding contracts for a new one ?

@ruffydfire, can you see the strategic doings of PBAT, the judicious use of his time and taxpayers money? Instead of attending UNGA 81, and listen to Trump's invectitudes, he prioritised this transformative deal making meeting, in spite of him being on holidays. PBAT till 2031!!

Where is southeast politicians the likes of David umahi, Soludo and co should come so ala igbo is not good for seaport another syphoning channel, they've not finished coastal road you wan give Ogun state sea port 😆 🤣 😂 😆 south east and south south politicians are all fools.

Nigeria thinks is a joke let them sleep until this criminal get second tenure, they will eat their eye. This criminal is up to something.

See the way his hands were shaking when flipping the book. Honestly, Tinubu should be with his grandkids but nah, the psychopaths that surrounded him will not allow that to happen because of crumbs they are getting. Plus his thirst for power is out of this world.

So he left a gathering of World leaders to stay back for a gathering of 15 people in a hall in France 🇫🇷? Bayo, una no go die well. All of you packaging this fraud.

Chai Nigeria in one chance vehicle. Broadcasting from France 🇫🇷

You see. Nigeria is progressing day by day, shame On you Mr unofficial spokesman of Obidiot and Obidiot.

keep complaining and insulting while south west is focused on development. Sanwo-olu is also in U.S sealing deals while your region is focused on bitter politics, soludo and umahi is telling you this your method of politics won't do you all good but you won't listen, you will rather insults and doubts until other regions development becomes a reality. make una continue ,I hope it's not too late for you people.

It sounds HaHa ! how far with the greement they hard with the UK or should i say with the government of England last year inregards to tin can and Apapa ports in Lagos state. What's the level of progress and development ? and remember they are leaving office by may 2027.

Thanks to Mr President for d support. SW should hv grown more than this if not that it was being subdued by previous Nigerian Leaders. If u re a Yoruba person, know dat no one will develop ur region 4u. Give Tinubu support 4 more meaningful development in SW and across Nigeria

There’s more exciting deep seaport is East abandoned and they are going to sign MOU for open new seaport in Ogun state. Why not make the old ones functioning first

Distractive charade. At this point, every sane Nigerian should make it a matter of national emergency to kick out these shamelessly deceitful lots from our National.politics.

So, how about Gelegele Seaport in Edo State Sepele seaport and Warri Seaport in Delta State, Portharcourt Seaport in Rivers State, Calaba Seaport in Cross Rivers State?

Why are you the one giving us press release statement, Bayo won't be happy with this your new adventure. Meanwhile, why would Ogun Decongest Lagos, Ships go through Calabar, Abia, Port Harcourt, Warri before Lagos and Ogun. Nigeria is going one sided and exactly what they're protecting. Someone should decentralize Nigeria to help create jobs and reduce poverty. God bless us to get selfless Leader to activate Nigeria to it's maximum capacity. A New Nigeria is Possible.

Nice... that's a welcome DEVELOPMENT until it's a SCAM, nothing good has ever happen to Ogun state after Otunba Gbenga Daniel, others are just political toys (eléyí) till this generation Ogun state still has the worst road infrastructure 🤔you have catarrh once you travel by road

Umahi resurfaced just 1.4 kilometers of the Onitsha - Niger Bridge road and started insulting the entire SE claiming they will vote for Tinubu. Just imagine billions of dollars worth of projects being signed for Ogun state while the seaports across the SS remain unattended by FG.

See the way he is reading like a kindergarten, his brains are not even catching up what he is reading,he is just clued to the chairman in France, what is he still doing in France Nigerians are asking.

This man is in reality practicing how to be the Paul Biya of Cameroon but everyone seems not to understand the handwriting on the wall. If Nigerians don't stand up to reclaim their country now, Tinubu will later rule Nigeria from overseas even on a sick bed. Save this tweet!!!

Is it only SW that's in this country, must yaribas carry their treacherous greedy selves to all fronts with niger delta money? Where are d leaders of d old eastern region? These rubbish can't continue cos d idea is for other nigerians to move in mass to d sw to develop d region

You see the white man on the right hand side with the look.. it should tell you everything

These are the kind of investments Wike and Akpabio should be bringing to the South- south but they just don't care about their people, even though South - south is naturally endowed for such. Instead Wike is boasting how to rig the next elections.

An MOU is about as useful as toilet paper 🧻 especially if one of the parties is the Association of Political Criminals APC

Deep seaport for Ogun state but all south east and south south ports on pause. Golden goose lays eggs for the kings lunch.

Let them arguing about ijaw, Opobo, ikwere, itsekiri origin in the Niger Delta. Our ancestors came from Bini, no they came from Igbo, no they came from guinea Conakry, folly going on rampage, while the South West is taking advantage of its coastline. Ibom seaport is a mirage.

Refinery — West. Seaport — West. International Airport — West. New Deep Sea Port — West. Headquarters of most major oil companies — West. Yet the region where much of Nigeria’s oil and other natural resources come from continues to struggle with poor infrastructure and do you have the resources, the industries and the economic activity, yet the people of the region still feel left behind? 💔

Lamba!! Not even worth a comment . People way never build Coastal road up to 40km in 4 years . Let’s rest Biko from tall tales !

This man, your mates are standing for meetings in UNGA and giving their opinion on global affairs and inputting their presence, yet this fraud constantly dodging and still can't make a complete sentence without looking at the useless piece of paper prepared for him... Shame

Just look at this, and every time SS and SE will be voting for this people, this is a big slap on your faces SS and SE people. This guy thinks about his region only. But you will see this morning SS and David Umahi defending this regional game. It’s a pity!