FEC Endorses Development of $2.59 Billion Badagry Deep Seaport

The federal executive council (FEC), on Wednesday, approved the development of the Badagry deep-sea port.

Tolu Ogunlesi, special assistant to President Muhammadu Buhari on Digital & New Media, said this in a tweet on Wednesday.

According to Ogunlesi, the project is estimated to cost $2.594 billion and would be fully financed by private Investors.