(DDM) – Nigerian businessman and political ally of President Bola Tinubu, Gilbert Chagoury, has been appointed to oversee a ₦1.4 trillion development project at Lagos ports.
DDM notes that the project aims to expand port capacity, modernise infrastructure, and improve logistics efficiency at one of Africa’s busiest maritime hubs.
Sources indicate that the Lagos State government, in collaboration with federal agencies, selected Chagoury due to his experience in large-scale infrastructure and his long-standing relationship with political and business stakeholders.
The project, which spans multiple terminals and shipping facilities, is expected to significantly boost trade, reduce port congestion, and attract foreign investment into Nigeria’s maritime sector.
Officials disclosed that the development will include modern cargo handling systems, automated logistics management, and upgraded transportation links connecting the ports to inland distribution centres.
Critics, however, have raised concerns about the involvement of politically connected individuals in major contracts, citing potential conflicts of interest and transparency challenges.
Supporters argue that Chagoury’s appointment brings technical expertise and international business networks crucial for the timely execution of a project of this magnitude.
Industry analysts note that Lagos ports handle a majority of Nigeria’s import and export traffic, making the success of this project critical to the nation’s economic growth and trade competitiveness.
The Lagos State Ministry of Transportation and Ports Management outlined that strict oversight mechanisms and regulatory frameworks will be implemented to ensure accountability and minimise risks associated with large infrastructure contracts.
Chagoury, in a statement, expressed optimism about the project, pledging to leverage his experience to modernise the ports and enhance Nigeria’s position as a regional trade hub.
Observers predict that completion of the project could transform port operations in Lagos, reduce bottlenecks, and create thousands of direct and indirect employment opportunities.
The ₦1.4 trillion investment is part of broader efforts by the federal and state governments to improve national infrastructure, promote trade efficiency, and strengthen economic development.
Public reaction has been mixed, with some stakeholders welcoming private sector participation while others continue to scrutinise the award process for transparency and merit.
Experts emphasise that with proper governance, the project could serve as a benchmark for future public-private partnerships in Nigeria’s infrastructure sector.
The project is expected to commence in phases, with completion timelines and specific operational targets announced by Lagos State authorities in the coming months.
