Nigeria: Controversy Trails FG's U.S.$1.5 Billion Lekki Port Project

The Federal Government's commitment of $118 million to the construction of Lekki Deep Seaport in Lagos is beingmired in controversy over the absence of a plan to construct a rail link that will ease cargo evacuation.

The deep seaport project is a $1.5 billion public private partnership project among the Federal Government (represented by the Nigerian Ports Authority), the Lagos State Government and the Tolaram Group, a Singaporean investor who are promoters of the project. A Shareholder's Agreement to this effect was signed in December 2012 amongst all three parties.

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