Lekki Port, the 1st Deep Seaport and the port of all record in Nigeria to be launched in 2023
“Commercial operations at The Lekki Deep Seaport in Lekki FT Zone will begin by the first quarter of 2023” this announcement was made by the Executive Governor of Lagos State, Mr Babajide Sanwo-Olu, last Friday 19th March during a two-day working visit of Lagos Free Trade Zones.
“We are really excited about the level of work done as we have seen here. What we have seen is actually encouraging. This project is going to transform the way we do commerce. With the completion of the project, turnaround time will be faster; the movement of goods will be cheaper, we can see businesses booming and ease of doing business will be improved,” he said.
Currently at 47 per cent of construction despite the impact of the COVID-19 pandemic, Lekki Port is a USD 1,65 Billion project, spread over 90 hectares, whose “Main Breakwater Construction” started on 19th of December, 2017.
Developed to meet the ever-increasing need in container, and also to serve as an alternative in an effort to decongest the FG owned seaports in Apapa, this new port is expected to become the port of all records in Nigeria.
Actually, according to Lekkiport.com , it is planned to be equipped with the best infrastructure and terminal services and is expected to have a total of 3 container berths, 1 dry bulk berth and 3 liquid berths.
Also, it is expected to have significant positive impact estimated at USD 361 billion over the term of concession. Moreover, it will contribute more than USD 200 billion to the government exchequer and create close to 170,000 new direct and indirect jobs.
The shareholding structure of the Port is as follows:
| Stakeholders | Percentage |
|---|---|
| International Consortium led by Lekki Port Investment Holding Inc. • CHINA HARBOUR ENGINEERING COMPANY LTD. (CHEC) • TOLARAM GROUP | 52.50 22.50 |
| Lagos State Government | 20.00 |
| Nigerian Ports Authority | 05.00 |
| Total | 100.00 |
