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DP World invests 25.7 billion dirhams in a port and economic zone project in Nigeria * Azad Aisho, Dubai Date: September 29, 2026 DP World signed memorandums of understanding to develop the Gateway deep-sea port and the special economic zone in Nigeria's Ogun State, with initial investments of 25.7 billion dirhams ($7 billion). The project includes the development of a port with a 4-kilometer quay and a draft reaching 18 meters, alongside a special economic zone of about 10,000 hectares, dedicated to factories, warehouses, processing facilities, and export-oriented companies. The project is expected to provide about 50,000 jobs and support manufacturing, exports, and logistics services in the state, within a system linking the port to the economic zone and multimodal infrastructure. The project comes as part of DP World's expansion in developing integrated systems combining ports, economic zones, and logistics services, with the aim of supporting trade, manufacturing, and export activity in the markets in which it operates.

Tinubu returns to Lagos after France vacation. 2 hours ago September 29, 2026 President Bola Tinubu has concluded his working vacation in France and departed Paris for Lagos, where he is expected to meet with political leaders and associates ahead of the 2027 general elections. Tinubu left Abuja on August 30 and spent a week in London before proceeding to Paris, according to a statement issued on Tuesday by his Special Adviser on Information and Strategy, Bayo Onanuga. The President's aircraft was expected to arrive at the Murtala Muhammed International Airport, Lagos, later on Tuesday. The Presidency said Tinubu decided to travel to Lagos first to honour the memory of the late Chief MKO Abiola, who won the June 12, 1993 presidential election and played a prominent role in Nigeria's democratic struggle. As part of activities marking the Independence Day celebrations on October 1, Tinubu is expected to attend the premiere of a film celebrating Abiola at the Wole Soyinka National Theatre, Iganmu, Lagos. According to the statement, the President will also use his stay in Lagos to hold strategic meetings with political leaders and associates as preparations for the 2027 elections gather momentum. "While in Lagos, President Tinubu will also hold strategic meetings with political leaders and associates over several days in preparation for the 2027 elections," Onanuga said. During his working vacation, Tinubu held a private dinner with French President Emmanuel Macron in Paris and met several business leaders. Among those he met was Vincent Bolloré of the Bolloré Group, whose interests include Canal+, MultiChoice and Universal Music Group. The President also met the Chairman of First Holdings, Femi Otedola, on Monday. Last week, Tinubu witnessed the signing of a Memorandum of Understanding between the Ogun State Government and DP World for the development of a Gateway deep seaport in Ogun Waterside and a Blue Marine Economic Zone. The Presidency said DP World, a major global ports and logistics operator, plans to invest $7 billion in the proposed seaport and economic zone. Tinubu is expected to return to Abuja after completing his engagements in Lagos.

DP World signs agreement to develop new deep-sea port in Nigeria. September 28, 2026 DP World and the Ogun State Government have signed agreements to develop a new deep-sea port and special economic zone in Nigeria. The Memoranda of Understanding (MoUs) cover the proposed Gateway Deep Seaport and the Ogun State Blue Marine Special Economic Zone. The agreements were signed in Paris on 24 September in the presence of Nigerian President Bola Ahmed Tinubu. Gateway Deep Seaport planned at Ogun Waterside. The proposed Gateway Deep Seaport will be developed at Ogun Waterside. According to the Nigerian Presidency, the port is planned with a four-kilometre berth and an 18-metre draft. This would allow the facility to accommodate larger, deeper-draft vessels and provide additional port capacity for Nigerian trade. The government said the project could also help reduce congestion along the Lagos port corridor and ease pressure on the Apapa and Tin Can Island ports. The Gateway Deep Seaport is planned as part of a wider logistics and industrial development. The accompanying Blue Marine Special Economic Zone is proposed across approximately 10,000 hectares. More than US$7 billion investment planned. The agreements envisage an initial investment of more than US$7 billion across the Gateway Deep Seaport and Blue Marine Special Economic Zone projects. The Nigerian government said the developments could create more than 50,000 direct jobs once fully developed. The Federal Government also plans to support road, rail and power connections serving the development. The nearby Lagos-Calabar Coastal Highway is expected to provide an important transport link between the proposed port, Lagos and Nigeria's wider hinterland. "The Gateway Deep Seaport is the critical infrastructure that will support the zone's viability," said Tinubu. The government expects the combination of the port and economic zone to support manufacturing, exports and logistics activity.