Obi Blasts Nigerian Government’s $1bn Lagos Port Upgrade

Nigeria's infrastructure investment remains excessively concentrated in Lagos, often at the expense of other strategic ports such as Warri, Port Harcourt, Calabar, and Onne
October 24, 2025
Obi: ‘I Won’t Buy ₦150bn Jet While 80% of Health Centres Are Broken’
Peter Obi

Former Governor of Anambra State, Peter Obi, has reacted to the Federal Government’s approval of $1 billion for the modernization of the Apapa and TinCan Island Ports in Lagos, saying while the effort to improve efficiency and technology in the maritime sector is commendable, it exposes the longstanding concentration of port development in Lagos.

Obi who took to his verified X account on Friday morning shortly after the Bola Ahmed Tinubu-led All Progressives Congress (APC) federal goverent announced the approval, noted that Nigeria’s infrastructure investment remains excessively concentrated in Lagos, often at the expense of other strategic ports such as Warri, Port Harcourt, Calabar, and Onne. He believes that developing these ports could enhance productivity, drive trade, create jobs, and open new economic corridors that would lift millions out of poverty across the federation.

READ ALSO:Nigeria Unveils $1 Billion Plan to Transform Apapa, Tin Can Ports into World-Class Maritime Hubs

Join our WhatsApp Channel

Customs Comptroller Vows To Clear Cargoes Within 24 Hours As Tincan Port Generates N7.6bn One Day

According to Obi, decentralizing port development is a national imperative, citing examples of countries like Vietnam, Indonesia, South Africa, Egypt, Morocco, Algeria, and Ghana, which have decentralized their port development to reap immense economic benefits. He stated that concentrating all maritime activities in a single city is not a viable strategy for maximizing the blue economy.

Obi emphasized that revitalizing other ports would decongest Lagos, reduce shipping costs, attract investment, create employment, and stimulate regional economies. He also called for reforms to address corruption, reduce bureaucracy, and embrace technology to create a seamless, paperless port system that enhances turnaround time and global competitiveness.

Obi believes that if prudently managed, the Lagos modernization project could become a model for broader maritime transformation, radiating development across the nation. He stressed that Nigeria must rebuild with fairness, guided by equity, integrity, and a clear vision to transform the nation from one of consumption to one of production and shared prosperity.

+ posts

Leave a Reply

Your email address will not be published.

Previous Story

Police Vow to Prosecute Sowore After Abuja Protest Arrest

Next Story

Tinubu Announces Major Shake-Up in Military Top Brass, Sacks Chief of Defence Staff Christopher Musa

Featured Stories

Latest from Business

Guinea Insurance’s Profit Drops From N567.66m to N49m

Between January and September 2025, Guinea Insurance recorded N2.13 billion in revenue, compared to the N2.03 billion reported in the first nine months of 2024, representing a 4.93 percent growth. According to the company’s financial statement for the period ended September 30,
Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Dollar Rate Closes At N1,454/$ In Official Window

In the Nigerian foreign exchange market (NFEM), also known as the official window, on Monday, December 8, the United States dollar (USD) traded flat at N1,454 per $1, the same foreign exchange (FX) rate reported on Friday, December 5. Before the exchange
The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

NGX Market Cap Rises By N240bn, Morison Leads Top Gainers

On Monday, December 8, the stock market capitalisation of the Nigerian Exchange (NGX) Limited increased by N240 billion or 0.26 percent. The market capitalisation increased from N93.72 trillion on Friday, December 5, to N93.96 trillion.Join our WhatsApp Channel Also, the all-share index
Previous Story

Police Vow to Prosecute Sowore After Abuja Protest Arrest

Next Story

Tinubu Announces Major Shake-Up in Military Top Brass, Sacks Chief of Defence Staff Christopher Musa

Don't Miss

How Lawmakers Blow Billions On Exotic Cars As Nigerians Battle Hunger

How Lawmakers Spend Billions On Exotic Cars As Nigerians Battle Hunger

At a time when many Nigerians struggle to afford food,
The Political Economy Of Artificial Intelligence

Ideological Differences Influencing Powerful Nations’ Stance On AI Regulation – Dr Mbamalu

The disruptive tendencies of Artificial Intelligence (AI), one of the