Lagos, Nigeria – President Bola Tinubu has announced a $1 billion initiative to revamp five of Nigeria’s key ports: Apapa, Tincan, Warri, Calabar, and Port Harcourt. The ambitious project aims to modernize port infrastructure, boost efficiency, and strengthen Nigeria’s position as a regional trade hub.
The overhaul will focus on upgrading facilities, improving cargo handling, and enhancing security measures to curb inefficiencies and delays. “This investment is a bold step toward transforming our maritime sector, driving economic growth, and creating jobs,” Tinubu said during the launch event in Lagos.
The project is expected to streamline operations, reduce congestion, and attract foreign investment, positioning Nigeria’s ports to compete with global standards. Stakeholders in the maritime industry have welcomed the move, though some emphasize the need for transparency and timely execution to ensure the funds deliver tangible results.
The initiative is part of Tinubu’s broader economic reform agenda, which seeks to diversify Nigeria’s economy and improve critical infrastructure. Further details on the project timeline and funding allocation are expected in the coming weeks.
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