₦airaland Forum

The federal government has awarded a contract for the renovation of two major Lagos ports — Tin Can and Apapa — to Chagoury Group, TheCable understands.

Chagoury Group is a multinational conglomerate led by Gilbert Chagoury, a Lebanese-Nigerian billionaire.

Sources close to the conversation said the federal executive council (FEC) approved the contract in February.

“Yes, the award was given to Chagoury Group after it followed due process,” a source said, responding to TheCable’s enquiry.

“FEC gave the approval sometime in February and the agency in charge, that is the Nigerian Ports Authority (NPA), will give the announcement soon.”

The NPA, in November 2023, announced plans to commence the rehabilitation of ports across the country, valuing the project at $1.1 billion.

On April 18, 2024, the Nigerian Ports Authority (NPA) said it secured a $700 million facility agreement for the rehabilitation of the Apapa and Tin-Can Island ports in Lagos.

Mohammed Bello-Koko, the ex-managing director of the NPA, had said the loan, negotiated with Citi Bank Nigeria, would be funded by the UK Export Finance (UKEF), an export credit agency, for the project.

Although no official announcement has been made yet, Ikechukwu Onyemekara, spokesperson of the NPA, confirmed that the project was awarded to Hitech Construction and ITB Nigeria, stressing that “Chagoury was not stated in the contract”.

TheCable’s checks found that Chagoury Group operates several subsidiaries — including two construction firms, Hitech and ITB Nigeria.

The conglomerate is reportedly responsible for the construction of major projects across Lagos state.

In September 2023, David Umahi, the minister of works, disclosed that Hitech will handle the Lagos-Calabar coastal highway project under a public-private partnership (PPP) model.

Hitech is also said to be the firm that oversaw the construction of the Lekki-Epe expressway and the Ajah flyover in Lagos.

Former Vice-President Atiku Abubakar, in May 2024, criticised the federal government for awarding the construction of the coastal highway to Hitech, saying there was a conflict of interest.

Abubakar had said Seyi, President Bola Tinubu’s son, is a director on the board of CDK Integrated Industries, another subsidiary of the Group.

In response to Atiku, the presidency said Tinubu’s son is entitled to pursue his business interests in Nigeria and around the world within the bounds of the law.

On March 16, Umahi said Tinubu did not recommend any company for the Lagos-Calabar road project.

https://www.thecable.ng/sources-fg-awards-lagos-ports-renovation-contract-to-chagoury-group/

Nlfpmod

Hmmn, Chagoury Chagoury !!

Although never a fan, still I never saw this level of corruption coming.
Pls ask to what end at this age and stage.

Due process followed indeed


At the end of this four-year tenure, Tinubu will have become the most corrupt president the world has ever seen.

Enough to build another ultramodern seaport in the south to help decongest apapa and tincan and ease transportation of imported products to other southern and northern states, thereby reducing prices of goods in the market, but the Nigerian government is never interested in whatever will make the lives of the common man easy.

This is a good development.

The government should keep the momentum going.

Chargory = Chicagory = Emilokan = Lagos -Calabr Highway of FRAUD.

Abacha's loot will be child's play compared to Tinubu's thievery. This all EMILOKAN meant!

Smh. This man doesn't even give a damn anymore with his brazen corruption. State capture in full effect. Nigeria has never had it this bad.

All those that supported TINUBU .must enjoy TINUBU.

Islie:
https://www.thecable.ng/sources-fg-awards-lagos-ports-renovation-contract-to-chagoury-group/

Nlfpmod

Eko Atlantic must be completed! by fire or force! I wonder if enriching one Lebanese guy is the best Ndiyoruba can do with 4 year first tenure..........not one single constitutional amendment or revolutionary policy has been carried out by Tinubu..........even feckless Jonathan was able to conduct a national conference!

Due process has been followed.

Chagoury Group? The allegedly fraudulent group from the time of Abacha?

Due process is key.

This administration has shown commitment to transparency and accountability.

Tinubus friend and business partner

It will for sure always pass due processes..... who knows who government

One company handling different projects at a time when there are other capable coys out there...the pace will definitely be slow...and I learnt Mr president has an interest in this chagoury group

Nigeria is nothing but a Crime Scene.


Chagoury group again?

Lebanese-Nigerian!

Why all the accusations?

Pay back time

Only this guy handling all mega money projects.
Nice one Tubv

Chagoury group again ? Well the headline should be federal government awards Lagos port renovation contract to federal government.

If you know, you know

I remember Atiku saying NNPC will be sold and APC wanted to bring the heavens down

What is Tinubu doing now?

Enriching his croonies

To support APC, you need to have a brain evacuation procedure

This is a sad development.

Validated:
Chargory = Chicagory = Emilokan = Lagos -Calabr Highway of FRAUD.

Abacha's loot will be child's play compared to Tinubu's thievery. This all EMILOKAN meant!

Lagos calabar coastal road is almost 60k already done, the road you rodents from biadrug republic claimed it was a white elephant project. Una never start to cry sef.

AfahaAbia:
This is a sad development.

Not surprised, clowns from your region are allergic to good tidings. A republic of biadrug, where every rodents sit at home on Mondays following the orders of a fat frog living in Finland.

Chai

2aces:
Enough to build another ultramodern seaport in the south to help decongest apapa and tincan and ease transportation of imported products to other southern and northern states, thereby reducing prices of goods in the market, but the Nigerian government is never interested in whatever will make the lives of the common man easy.

Dangote is building in Ogun State. God bless southwest for ever. Investors are running away from the potopoto jungle

Chagoury just dey cash out

For instance
Tilumbu dey pack our money dey go France
Our allawee ye

Where will opposition get money to contest against Tinubu in 2027. The man and his friend are heavily loaded with cash. No more Okowa and Emefiele to help Atiku.

Islie:
https://www.thecable.ng/sources-fg-awards-lagos-ports-renovation-contract-to-chagoury-group/

The ultra modern Lekki seaport cost only $1.5 billion to complete.

What is Tinubu doing with our money through Chagoury while dashing out palliative food because he is clueless about creating jobs promised

SexyBabe001:
I read somewhere on Nairaland that some Lagos APC folks are claiming Lekki Sea Port is a Lagos State project, very funny...When people refused to read, they feed them with junks.

I was searching online and I came across this piece by AutoReportNG, he used to be one of the popular blogger on Nairaland then...

On October 31, 2022, the engineering, procurement, and construction (EPC) contractor for Lekki Port, China Harbour Engineering LFTZ Enterprise (CHELE), a subsidiary of China Harbour Engineering Company, announced the completion of the construction works on the first phase of the $1.5 billion port.

The development of Lekki Port, Nigeria’s first deep seaport, was undertaken by Lekki Port LFTZ Enterprise Limited, a special-purpose vehicle promoted by the Tolaram Group and China Harbour Engineering Company Ltd.

The port was completed by CHELE and handed over to the Lekki Port LFTZ Enterprise Limited, to take over a fully completed port after about 16 years the project was announced with fanfare in Lagos.

These are some major facts about the Lekki Port

1. Lekki Deep Sea Port, operational, but still partly under construction, is a multi-purpose, deep sea port in the Lagos Free Zone.

2. It is the largest seaport of Nigeria and one of the biggest in West Africa. Lekki port is to be expanded to have a capacity of handling around 6 million TEUs of containers and a significant volume of liquid and dry bulk uncontainerized cargoes.

3. The port is to be equipped with ships able to transport over 14,500 containers.

4. The port is being developed in phases. Its phase one, be operational in 2018, chiefly comprises three container berths equipped to handle more than 1.8 million TEUs — one berth for dry bulk goods and two berths for liquid cargo.

5. The port is financed by private investors and a consortium of banks who have funded the project with $1.5 billion as of March 2021.

6. The seaport is to occupy up to 90 hectares of land. It is expected to be completed in 2023 and operations to commence in the first half.

7. On October, 31st, 2022, the port has been handed over to the owners. Lagos State governor, Mr. Babajide Sanwo-Olu promised on this occasion to expand the roads to the port to 6-lane highways.

8. The port has three terminals: the container terminal, the liquid terminal, and the dry bulk terminal.

9. The container terminal has an initial draft of 14 meters, with the potential for further dredging to 16.5 meters. The terminal is able to handle 2.5 million twenty-foot standard containers per year.

10. The deep-sea port of Lekki is the first port in Nigeria with ship-to-shore cranes. It has three of these container gantry cranes; they belong to the “Super-post-Panamax” group – this means that they can reach and unload the rearmost row of containers even if the container ship is wider than the Panama Canal (49 m or 160 ft maximum boat beam).

11. The port’s computerized system will allow container identification and clearance from the office, and human interaction will be minimal in the physical operations. Nevertheless, the port will create 169,972 jobs, according to the executive director, Du Ruogang.

12. The additional revenue for the Nigerian state through taxes, levies, and royalties are estimated at $201 billion. A directive from President Buhari (who will, however, leave the office at the beginning of 2023) provides for the deep-sea port to be connected to the Nigerian rail network.

13. When phase 2 will be finished, the deep sea port will have 3 liquid berths. The liquid cargo terminal will handle vessels up to 45,000 DWT (dead weight tonnage) and can expand to reach a capacity of 160,000 DWT. Liquids (like petrol or diesel) will be handled at a tank farm near the port. The docking area is equipped with loading arms. It is also connected by pipelines along the breakwater.

14. The bulk terminal will be finished with phase 2 and will be situated on the west side of the container terminal. The available quay length of 300m can accommodate a Panamax class vessel (75,000 DWT). Bulk products are brought to storage areas, such as silos and warehouses, via covered conveyor systems. The bulk terminal capacity is around 4 million tonnes of dry bulk annually.

15. On December 29, 2022, Lekki Port Enterprises announced, that it will fund a 800 million USD railway line from the harbour to Ijebu-Ode, where it will connect to the proposed railway line Lagos – Benin-City- Calabar (Eastern railway line).

16. The layout of the port, including the layout of approach channel, turning circle, and harbor basins have been derived from optimizations based on port operations, construction costs, and possible future extensions.

17. Two different breakwater concepts were applied for the main breakwater: A rubble mound with a geo-bag core for the near-shore sections and a composite breakwater for the more exposed sections. The main breakwater is 1.5 km long

18. The secondary breakwater was replaced by a barrier. The barrier consists of a core from sand, internally fortified by a protective geo-bag layer, a revetment on the harbor side, and an artificial beach on the seaward side.

19. The turning circle is 600 meters, enough for a vessel up to 16,000 standard containers (teu). The approach channel is 11 km long.

Source:
https://autoreportng.com/2023/01/facts-about-the-1-5bn-lekki-sea-port-in-lagos-photos.html

Credit: AutoReportNG.com