Construction Completed on Nigeria’s $1.5 Billion Lekki Deep Sea Port


Tom Page, CNN

Updated 4:33 AM EST, Thu November 17, 2022


Lekki Deep Sea Port


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Lagos, Nigeria’s commercial center, has a storage problem. At the West African trade hub’s shipping terminals, projected demand for container space far outstrips capacity. To narrow the gap, the state has embarked on one of the region’s most ambitious infrastructure projects, Lekki Deep Sea Port.

Construction of the $1.5 billion port, located east of Lagos city, was recently completed, designed to handle the equivalent of 2.7 million 20-foot-long container units a year.

With a 1.2 kilometer quay, the 90-hectare site becomes the largest port in Nigeria, significantly expanding the country’s ability to process imports and exports.

The port arrives at an important time for Nigeria’s economic outlook. According to the African Development Bank Group, the country’s economy is projected to grow at a decelerated rate of 3.2% in 2022-2024, while the oil sector has contracted amid low production and inflation is close to 17%.

Lekki Port is expected to create nearly 170,000 jobs, according to its developers, and generate $360 billion over the next 45 years, per the Ministry of Transportation.

It is located close to the Dangote Petroleum Refinery, which is currently under construction, and when completed will be capable of processing 650,000 barrels of oil per day.

Both the port and refinery sit inside Lekki Free Zone, a 16,500-hectare free trade area, the masterplan for which also contains a proposed airport, a start-up community, and commercial and residential areas.

The port, the refinery and the trade zone are among the biggest infrastructure projects in the continent.

https://edition.cnn.com/2022/11/17/africa/lekki-deep-sea-port-construction-completion-spc-intl/index.html

CNN

Looking back at how horrible our infrastructures were prior to 1999 and now, sincerely, we have made significant progress so much that I get pleasantly shocked when I look back and compare to now when some places had developed massively and transformed phenomenally. A case in point is that same Lekki axis which as at 1999 had just a narrow road from VI all the way to Epe! The huge transformation of that axis is the vision of Asiwaju and today being celebrated globally.

I am grateful to God and all our democracy heroes like NADECO, Asiwaju Tinubu, Late Chief MKO Abiola, GCFR, for fighting for the return of democracy.

That is why Asiwaju Tinubu will be the best one to take over after a civil war veteran retired General like PMB. Asiwaju used his progressive and brilliant politics to win the war against anti-democratic forces and mediocrity in governance.

Asiwaju Lokan. He is the most brilliant, most experienced, most patriotic and the most competent among all the Presidential candiadates.
Asiwaju lokan!
God bless Asiwaju Tinubu.
God bless Nigeria for ever!

lol
.

You people turn everything to political campaign.

Na wa for una.

Politics aside, democracy is really a blessing to Nigeria. I was privileged to visit many states before I left Nigeria and can say while we are not there yet, infrastructure is growing in Nigeria.

We will do more with peter obi

Biafranodogwu55:
We will do more with peter obi

in afterlife abi?

Mr governor please do obaino type of roads, obi roads don wash ...

Biafranodogwu55:
We will do more with peter obi

It is a shame on Peter Obi the demented thief from Anambra state that he doesn't have a legacy worth showing on CNN except his black and black ogboni outfit.

The next president should spread development all over the country.
Failure to do so will only suffocate Lagos.

Tinubu is obedient