Nigeria's Lekki Port Project Gets First China Funds
The construction of the Lekki Sea Port has seen the Lekki Port LFZ Enterprise Limited receive U.S.$60 million, which is the first instalment of the U.S.$629 million loan facility from the China Development Bank for its construction. Lagos Governor Babajide Sanwo-Olu has been assured that commercial operations at the Lekki Deep Sea Port in Lagos Free Trade Zone (LFZ) will begin in 2023. A big concern is the growing gridlock at the Apapa Sea Port which is causing congestion as trucks collect goods for distribution, despite the Nigerian Shippers' Council implementing digitisation at 70% of the ports. Lekki, which is being constructed by China Habour Engineering Company, will occupy 90 hectares in the entire 830 hectares of land carved out for the Lagos Free Zone, created in 2012 to enhance the economic position of Lagos as manufacturing and logistics hub in West Africa.
-
Nigeria:
'We'll Make Lekki Seaport Bigger Than Apapa Port'
Daily Trust, 28 April 2021
The Lagos State Government said yesterday the Lekki Deep Seaport would reduce congestion at Apapa Port in the state and would be four times bigger than the Apapa port. Read more »
-
Nigeria:
Ports Now 70% Digitalised - Shippers' Council
Vanguard, 17 April 2021
The Executive Secretary, Nigerian Shippers' Council (NSC), Mr Hassan Bello, on Friday disclosed that the ports in the country had attained 70 per cent digitalisation. Read more »
-
Nigeria:
Sanwo-Olu Assured of Lekki Deep Seaport's Take-Off in 2023
This Day, 22 March 2021
Managing Director of Lekki Port and representative of China Harbour Engineering Company, the major investor of the project, Mr. Du Ruogang, has assured Lagos State Governor, Mr.… Read more »
-
Nigeria:
Lekki Port Receives First Tranche of U.S.$629 Million China Devt Bank Facility
This Day, 4 May 2021
The Lekki Port LFTZ Enterprise Limited said it has received the sum of $60million, which is the first instalment of the $629 million loan facility from the China Development Bank… Read more »
InFocus
-
President Muhammadu Buhari issued an executive order on Ease of Doing Business at the country's ports to streamline activities of all agencies operating at the ports, and achieve a ... Read more »
-
The government has said that work on the Apapa corridor of the Lagos-Ibadan Rail project would commence by the August 17. Approval has been granted for the Apapa tollgate on the ... Read more »
(file photo).