Nigeria’s Lekki Port 95% complete, management says

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Nigeria's Lekki Port 95% complete, management says

Lekki Port is almost and operation will begin before the end of the the year, the managers of the project have said.

Located at the heart of Lagos Free Zone the multi-purpose, Deep Sea Port will be one of the most modern ports, supporting our burgeoning trade.

“We are delighted to announce that the construction of Lekki Port is now at 95.65% completion,” the management said in a tweet.

“Our management, board of directors, shareholders, EPC Contractors and the project manager remain focused on our objective to complete construction by September 2022 and start port operations by the end of the year.”

The Lekki Port is being developed, built and operated by LPLE, a joint venture enterprise led by the Tolaram Group, the Lagos State Government and the Nigerian Ports Authority. It is seen as a remedy to future demand for container facilities in Nigeria.

Government data shows that the capacity shortfall for container terminal facilities in Lagos is projected to be 0.8 million TEUs in 2016 going up to 5.5 million TEUs in 2025.

The strategic location, flexible and optimized layout and modern facilities provide Lekki Port a distinct competitive edge over any other port facility in the West African region.

Already leading maritime transport firm CMA CGM Group has announced that it has signed an agreement with Lekki Deep Seaport LFTZ Enterprise (LPLE)  to operate the future container terminal at the port.

The port is expected to contribute more than USD 200 billion to the government exchequer and create close to 170,000 new jobs. Furthermore, Lekki Port will spur the economic development around the Lekki sub-region and the wider Lagos State through rapid industrialization.

The Lekki Deep Seaport container terminal will be equipped with a 1,200-meter-long quay as well as 13 quay cranes and will have a capacity of 2.5 million TEUs (Twenty-foot Equivalent Units).

Construction of Lekki Deep Sea Port is expected to cost $1.5 billion (about N6billion).

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