Badagry Deep Sea Port

Overview

Location

Badagry, Lagos State, Nigeria

Delivery Model

Build-Own-Operate-Transfer (BOOT)

Contract Term

45 years (publicly discussed concession term; not yet executed)

Scale / Scope

Greenfield deep-sea port. Federal Executive Council approved a BOOT concession structure. No project company/SPV has been publicly named yet. Lagos State government has publicly projected $53bn in revenue potential over the concession period — a government revenue projection, not a committed or contracted figure, and not treated as such here.

Project Developments

• Project · 7 September 2026FG, 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.

• Regulatory · 23 June 2026ICRC 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.

Participants & Roles