How Nigeria’s economy can be transformed - Ambode

 The governor of Lagos state, Mr Akinwunmi Ambode, has said the completion of the $2.6bn Badagry deep sea port project will help revive the nation’s economy

– He said that the port was expected to generate 500,000 jobs directly and indirectly when completed

– He also promised that the state government would ensure the protection of the interests of the host communities

The governor of Lagos state, Mr Akinwunmi Ambode, has said the completion of the $2.6bn Badagry deep sea port project would help develop the growth of the nation’s economy, Punch reports.

According to a statement by the chief press secretary, Mr Habib Aruna, the governor said this after a meeting with Mr Morten Engelstoft, the chief executive officer designate, APM Terminals (Maersk Group) in Copenhagen, Denmark.

The meeting centered on the advancement of the deep sea port, a statement by his According to the governor, the project will also complement the emergence of Lagos as the fifth largest economy in Africa.

“This port and free zone, situated on over 1000 hectares is expected to be the largest deep sea port in Africa upon its completion.

“The project will include a container terminal, oil & gas services and a liquid bulk terminal, with general cargo and Ro-Ro facilities,” Ambode said.
He said that the port was expected to generate 500,000 jobs directly and indirectly when completed.

He also promised that the state government would ensure the protection of the interests of the host communities.

Ambode also said decisions over the funding of Lot 3 of the Mile 2 to Seme 10-lane highway expansion, are almost concluded as it would complement the ongoing Badagry Deep Sea Port Project.

The Governor, who said the Lot 3 would run from Okokomaiko-Badagry-Seme, affirmed the commitment of his administration to providing an enabling environment for businesses to thrive in the State.

It is no longer news that the recession in the country keeps biting harder by the day.

Earlier, the All Progressives Congress (APC) has finally admitted to being responsible for the economic challenges that Nigeria is going through.

The party has always pointed accusing finger at the Peoples Democratic Party (PDP) as the cause of Nigeria’s recession which it said could have been avoided if the party had saved for the rainy day.