• Tuesday, February 04, 2025
businessday logo

BusinessDay

New $3 billion Deep Sea Port project takes shape in Bayelsa State

Badagry

A major new deep sea port project is moving forward in Bayelsa State, as federal officials arrived this week to advance plans for the $3 billion facility. The port will be built in Agge, a community in Ekeremor Local Government Area.

The project brings together the Bayelsa State government, federal authorities, and private investors in a public-private partnership. It aims to reduce overcrowding at Nigeria’s existing ports while bringing jobs and economic growth to the region.

“This port will make Bayelsa State a key transport hub for both northeastern and southeastern Nigeria,” said Adegboyega Oyetola, Minister of Marine and Blue Economy. A team from his ministry is now in Bayelsa to work with state officials on getting the project started.

Read Also: Oyetola seeks senate support, advocates increased funding for Marine, Blue Economy in 2025 budget

The Agge port is part of a larger push to improve Nigeria’s shipping infrastructure. Similar deep sea ports are being developed in Badagry, Ondo, Ibom, and Bonny. Just last October, the government launched a new inland dry port in Ogun State.

The project gained momentum after Bayelsa’s governor met with Minister Oyetola in Abuja last October to discuss the state’s maritime potential. Bayelsa has also become the first coastal state to create its own Ministry of Marine and Blue Economy.

While the exact timeline for completion hasn’t been announced, the arrival of the federal steering committee suggests the project is moving into its next phase.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp