Deep Sea Port and OgunLNG Draw New Investors to Ogun, Abiodun Says

Author: dailypost.ngPublished on: November 4, 2026Country: Nigeria
Business & Economy
Deep Sea Port and OgunLNG Draw New Investors to Ogun, Abiodun Says

Ogun State Governor Dapo Abiodun says the $7 billion Gateway Deep Sea Port and the proposed $10 billion OgunLNG project are drawing renewed investor interest. Agreements signed in Paris with DP World cover the port and the Ogun Blue Marine and Special Economic Zone, with about $7 billion expected from private capital. Speaking at a town hall in Ijebu-Ode on the 2027–2029 expenditure framework and 2027 budget, Abiodun also pointed to the Lagos-Calabar Coastal Highway as a project that will improve connectivity. He said his administration has built or rehabilitated more than 1,700 kilometres of roads since 2019 and invested in public services and infrastructure.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Kenya: World Bank warns of the cost of corruption
Business & EconomyPoliticsKenya
AfricaNews•

Kenya: World Bank warns of the cost of corruption

Corruption costs Kenya billions of dollars each year in lost tax revenue, higher business costs and reduced worker incomes, harming investment and growth, according to a World Bank report. It ranges from routine bribes paid to police officers to public procurement scandals reaching the highest levels of government, and has contributed to mass protests over the past two years. The report ranks Kenya among the most corrupt lower-middle-income countries and estimates that governance weaknesses add about 370 billion shillings, or $2.8 billion, to the annual budget deficit—equivalent to 2% of GDP. The conservative estimate reflects lost tax revenue, inefficient public spending and higher borrowing costs.

Read More

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox