Development Limited (BPDL) concession approval for Badagry Deep Sea Port. The USD 2.5 billion Port project is expected to generate over USD 53 billion within the 45-year concession period and creates about 250,000 jobs.
MTBS, in collaboration with C.A. Borha, as Technical Advisor and Transaction Advisor respectively, has prepared the Badagry Port Full Business Case (FBC). The approval by FEC followed the issuance of the Full Business Case Certificate by the Infrastructure Concession Regulatory Commission (ICRC) in April, 2022 to the Federal Ministry of Transportation, through the Nigerian Ports Authority (NPA).
The Badagry Port Project is to be implemented under a Build-Own-Operate-Transfer (BOOT) concession structure, whereby the port will be operated by the private sector for 45 years after which it will be reverted to the government. The private sector will inject the investment for the development of the Badagry Port.
Thereby, the project is in line with the government’s goal of making Nigeria the maritime hub for the West and Central African sub-region. The Port aims to address the expected infrastructure challenges, provide shipping lines and supply chain managers with the best productivity, location, flexibility and cost effectiveness to power the global supply chains of Nigeria’s leading brands.