Nigeria and partners invest $27 billion in expanding port

Nigeria and a consortium of international partners—including the International Finance Corporation, the African Development Bank, and private investors—have pledged about $27 billion to expand and modernize the country’s port infrastructure. The funding will finance new terminals, dredging, and logistics facilities at major ports such as Lagos, Port Harcourt, and Calabar, aiming to boost trade capacity, reduce congestion, and support Nigeria’s growing economy. Views Nigeria