The two memorandums of understanding commit DP World, the Ogun State Government and Ogun Deep Sea Port Company Ltd to explore a greenfield deep-sea port and a special economic zone on a 10,000-hectare site along the Lagos–Calabar Coastal Highway. DP World describes a development that brings industry and manufacturing together with port infrastructure and logistics in one location.
Governor Dapo Abiodun said the agreements formalise the beginning of two projects, the Ogun Deep Sea Port and the Ogun State Blue Marine and Special Economic Zone, providing over 50,000 direct employment opportunities. DP World employs more than 7,000 people in Nigeria, with operations in market access for the healthcare and consumer industries and a logistics business.
- DP World, the Ogun State Government and Ogun Deep Sea Port Company Ltd have signed two memorandums of understanding to explore a greenfield deep-sea port and special economic zone in Ogun State, Nigeria.
- The proposed development would combine a deep-sea port and a special economic zone on a 10,000-hectare site along the Lagos–Calabar Coastal Highway.
- The MoUs were signed on 1 October 2026 by Prince Dapo Abiodun, Governor of Ogun State, and Yuvraj Narayan, Group Chief Executive Officer of DP World, with President Bola Ahmed Tinubu attending the ceremony.
- Governor Abiodun named the Ogun Deep Sea Port and the Ogun State Blue Marine and Special Economic Zone as the two projects covered by the agreements.
- Governor Abiodun said the two projects would provide over 50,000 direct employment opportunities.
- DP World employs more than 7,000 people in Nigeria, with operations in market access for the healthcare and consumer industries and a logistics business.
DP World, the Ogun State Government and Ogun Deep Sea Port Company Ltd, have signed two memorandums of understanding (MoUs) to explore the development of a greenfield deep-sea port and special economic zone in Ogun State, Nigeria. DP World says the proposed 10,000-hectare development would bring the port and the zone together along the Lagos–Calabar Coastal Highway, connecting industry and manufacturing with port infrastructure, logistics and global markets in one location.
The MoUs were signed on 1 October 2026 by Prince Dapo Abiodun, Governor of Ogun State, and Yuvraj Narayan, Group Chief Executive Officer of DP World, at a ceremony attended by President Bola Ahmed Tinubu.
Governor Abiodun said: "The agreements we have executed today for the Ogun Deep Sea Port and the Ogun State Blue Marine and Special Economic Zone formalise the beginning of two strategic projects that will reshape Nigeria's economic landscape whilst providing over 50 000 direct employment opportunities."
Narayan said: "Nigeria is a strategically important market for DP World and one where we have operated, invested and grown for more than a decade. The MOUs reflect our long-term commitment to Nigeria and our ambition to support its future trade and connectivity with infrastructure and logistics capabilities that help Nigerian businesses connect to global markets and grow."
Mohammed Akoojee, Chief Executive Officer and Managing Director, Africa, DP World, said: "This project creates a strategic new gateway for Nigerian trade, connecting businesses and industries more efficiently to markets across Africa and the world. By bringing together port infrastructure, logistics and an economic zone, we can create an environment that supports industry, attracts investment and helps Nigerian businesses compete globally."
DP World employs more than 7,000 people in Nigeria, with operations in market access for the healthcare and consumer industries and a logistics business.
