The Federal Government will soon withdraw its equity holding in the Lekki Deep Sea port development, also known as Lekki Free Trade Zone.
The Federal Government holds 20 percent equity in the project, representing, $118 million; the Lagos State Government, holds 18.5 percent, while the Tolaram Group of Singapore has 61.5 percent.
The Minister of Transport, Mr Rotimi Amaechi said this, yesterday, after a two day conference of the African Ports Evolution (APE) held in Accra, Ghana.

Amaechi noted that investors out of fear, had always wanted government’s involvement in project developments as a guarantee for sustainability.
He added that while the other deep sea ports were being developed independent of the Federal Government via hundred percent private sector participation, it will be wrong for the government to take up equity interest in the Lekki Free Trade Zone.
He cited the Badagry Deep Sea Port development, where the promoters have earmarked $2.2 Billion for its development without the involvement of the Federal Government, reiterating that the government lacks money for such project at the moment.
http://dailypost.ng/2016/09/09/fg-withdraw-20-per-cent-equity-lekki-free-trade-zone-amaechi/?utm_source=dlvr.it_dp1&utm_medium=facebook

Now this won't sound funny to afonjas

Good. I hate the idea of FG in any SW initiative.

This is even a good thing...let the leechy FG get away...
The lagos state government can find other partners to ensure that the lekki deep sea port comes into existence..maybe nearby states could become shareholders...

But wait ooo....what about the seaports in rivers state,warri etc??....can't they just work??...those seaports had better work before the conclusion of that for lekki and badagry....cheiii...

Ok

oduastates:
Good. I hate the idea of FG in any SW initiative.

SW dey give u nightmare?

Deal with it with or without FG SW has been the pacesetter