Latest Developments

FG, APM Terminals sign MoU for Badagry Deep Sea Port

The Federal Government and APM Terminals signed a Memorandum of Understanding for exclusive negotiations on the Badagry Deep Sea Port concession. This is a negotiation milestone, not a binding concession or financial-close event — everything beyond the MoU (RFQ/RFP, preferred bidder, award, financial close) remains forecast.

LAMATA confirms Lagos Blue Line has carried 9m+ passengers in 70,000+ trips over three years

LAMATA published an official update confirming the Lagos Rail Mass Transit Blue Line has carried more than 9 million passengers across over 70,000 trips in its three years of operation since opening 4 September 2023 — a genuinely current, primary-sourced operating statistic.

AKK Gas Pipeline reaches 95% completion; OB3 pipeline reported ready for first gas

NNPC-attributed reporting placed the AKK Gas Pipeline at 95% physical completion, with the related OB3 (Obiafu-Obrikom-Oben) pipeline separately described as ready for first gas. This reporting does not explicitly confirm AKK's own first-gas delivery event, which remains unconfirmed as achieved as of the research cutoff.

FG completes handover of Enugu Airport to Aero Alliance under PPP agreement

The Federal Government completed handover of Enugu International Airport to concessionaire Aero Alliance under a PPP agreement, with the process publicly credited in part to Enugu State government facilitation. This is the only one of the four original 2022-round airport concession processes that converted to an executed, operating concession.

ICRC unveils Nigeria Model PPP Agreement Version 1.0

The Infrastructure Concession Regulatory Commission unveiled the Nigeria Model PPP Agreement Version 1.0, alongside the 2025 PPP Process Guidelines — a new, current supporting legal/procedural instrument materially affecting how future federal PPP concessions, including Badagry Deep Sea Port, will be structured.

Federal Ministry of Finance and Rand Merchant Bank secure $1.8bn financing for Kano–Maradi Railway

The Federal Ministry of Finance and Rand Merchant Bank confirmed a $1.8bn financing package for the Kaduna–Kano and Kano–Daura–Katsina rail sections. Full drawdown of the financing is not yet achieved — reporting explicitly notes funds from other financial partners have yet to be released.

NLNG Train 7 reaches 92% completion, enters pre-commissioning

Nigeria LNG Train 7 reached 92% physical completion and entered systems completion and pre-commissioning, on a credible glide path toward a 2027 commissioning target.