Badagry Deep-Seaport to boost maritime, commercial activities- BACCIMA
Lagos, Sept. 2026 (TBL Africa) The Badagry Chamber of Commerce, Industry, Mines and Agriculture (BACCIMA) says the proposed Badagry Deep-Seaport will strengthen the area’s position as a maritime, logistics, industrial and commercial gateway.
The President of BACCIMA, Alhaji Idris Yahaya, said this in an interview in Lagos on Tuesday.
Yahaya made the remarks following the recent signing of a Memorandum of Understanding (MoU) between APM Terminals and Badagry Port Development Ltd. for the proposed port development.
APM Terminals signed the MoU on Sept. 9 for the development of the 2.5 billion dollar Badagry Deep-Seaport.
The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, led a Federal Government delegation to Denmark to strengthen maritime cooperation and attract investment into Nigeria’s port infrastructure.
The minister’s Special Adviser, Dr Bolaji Akinola, disclosed this in a statement in Lagos.
Federal Executive Council, in 2022, approved the concession of the Badagry Deep-Seaport under a Build, Own, Operate and Transfer (BOOT) model as part of efforts to bridge the country’s infrastructure gap through Public-Private Partnerships (PPPs).
The project, under the regulatory guidance of the Infrastructure Concession Regulatory Commission (ICRC), is expected to generate more than 53 billion dollars over its 45-year concession period.
Yahaya said Badagry was strategically located along the Lagos-Abidjan international trade corridor and close to the Republic of Benin, giving it access to the wider West African market.
“This development will stimulate growth in logistics, warehousing, manufacturing, agro-processing, haulage, maritime services, real estate, hospitality and other supporting industries, creating new opportunities for businesses,” he said.
The BACCIMA president described the MoU signing as a welcome development, saying the chamber had been advocating for the project for some time.
“This is a thing of joy for us at the chamber. We have been talking to the government from different angles.
“We have been in contact with the Minister of Marine and Blue Economy and Mrs Folashade, the Lagos State Commissioner for Trade, Co-operative and Investment, on these matters.
“Even, the minister personally responded to my question that the Federal Government had approved the port.
“But the only thing that remains is for the promoters to work harder with their co-promoters to ensure that it becomes a reality,” he said.
Yahaya said he was particularly pleased that Oyetola witnessed the signing of the MoU with APM Terminals, adding that the Managing Director of Badagry Port Development Ltd., Chief Didi Ndiomu, was also present.
He said Nigerians would derive significant benefits from the project when it became operational.
“There are uncountable benefits from this project. First of all, it will generate employment. Artisans will work there, engineers and many of our jobless youths will work there.
“The population of Badagry will increase tremendously.
“On the issue of power outages, some private companies may come to Badagry to invest in electricity, like we have in Victoria Island.
“I think the Federal Government has liberalised electricity issues, such that individuals or companies can start building power plants,” he said.
Yahaya added that a power company could establish a plant in Badagry because reliable electricity would be needed to support the port and other businesses that would emerge around it.
He said the project was long overdue and appealed to the promoters and the Federal Government to resolve any outstanding issues delaying its implementation.
Yahaya expressed optimism that the project, when completed, would transform the economic landscape of Badagry and create new opportunities for businesses and residents
