Bakassi Deep Seaport gains federal approval to boost maritime sector
The Federal Government has given the green light to the Bakassi Deep Seaport project, marking a significant step in Nigeria’s blue economy agenda. Adegboyega Oyetola, Minister of Marine and Blue Economy, presented the compliance certificate to Cross River State Governor Bassey Otu on June 5, 2025. The initiative is expected to create jobs, enhance trade, and position Nigeria as a major maritime hub. The project aligns with President Bola Tinubu’s vision to diversify the economy and strengthen the nation’s logistics infrastructure.
What we know
- Adegboyega Oyetola emphasized that the Bakassi Deep Seaport is a strategic national asset supporting Bola Tinubu’s Renewed Hope Agenda.
- The Federal Executive Council recently approved the seaport, with the certificate presented to Governor Bassey Otu on June 5, 2025.
- The project aims to boost economic opportunities, create jobs, and decongest existing ports in Lagos.
- Cross River State’s coastal location will help the seaport serve as a logistics hub for Nigeria’s eastern and northern regions.
- The initiative seeks to attract private investment and unlock value from shipping, fisheries, and other marine resources.
