FG Approves $1bn Modernization Project for Lagos Seaports

The Federal Government has approved a $1 billion modernization project for Lagos ports and begun the procurement process for upgrading other seaports across the country.

Minister of Marine and Blue Economy, Adegboyega Oyetola, announced this during the 2025 Chartered Institute of Logistics and Transport (CILT) Nigeria Conference, themed “Enhancing Logistics and Transport for a Sustainable Blue Economy in Nigeria,” held in Lagos.

Represented by the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, Oyetola said the modernization initiative aims to upgrade infrastructure, enhance cargo handling efficiency, and expand port capacity to meet global standards.

“We are collaborating with stakeholders to establish a paperless, technology-driven port system that enhances efficiency, reduces vessel turnaround time, and minimizes corruption,” he stated.

The Minister added that the Federal Government’s $1 billion Lagos port modernization project is a landmark initiative that underscores Nigeria’s commitment to strengthening its maritime infrastructure.

He also revealed that the procurement process has begun for similar modernization efforts at ports outside Lagos to ensure even development across the country’s maritime gateways.

Oyetola emphasized that these initiatives reflect the government’s resolve to enhance logistics performance, strengthen competitiveness, and position Nigeria as a leading hub for maritime trade and investment in Africa.

He further highlighted the success of the Deep Blue Project, noting that Nigeria has recorded zero piracy incidents in the last three years — a milestone that underscores the nation’s progress in maritime security and safety.