The Lekki Deep Seaport is expected to begin operations by the first quarter of 2023, as the construction firm, China Habour Engineering firm has made tremendous improvement with the project.
This was disclosed by the Lagos State Governor, Babajide Sanwo-Olu, in a statement when he visited the Lagos Free Zone on Friday.
He said, “Given the report I got and what I have seen here, I can say that Lagos Free Zone has made tremendous improvement. We have seen the level of partnership Tolaram Group is bringing in terms of international investment and local brands on this corridor.
“I commend all stakeholders that are with us on this journey we have found ourselves. With the level of work we have seen, I’m truly excited. It is more gratifying that, we are taking up this assignment with all energies required and we all can see what we can achieve when we work together.
“Since we signed a loan agreement less than 18 months ago, we have demonstrated strong capability in bringing the project to reality. This is the first quarter of 2021 and we have seen the project in about 48% completion. The investors have given us the commitment on first quarter of 2023 completion date. We will fulfill all our parts to make sure this date becomes reality.“
After going through the project master plan, Sanwo-Olu said his administration remained committed to delivering the project, stressing that the deep seaport and other investments happening in the corridor had the potential to increase the State’s GDP in multiple folds.
What you should know
- The port, which is being constructed by China Habour Engineering firm, is occupying 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 a manufacturing and logistics hub in West Africa.
- The first phase of the seaport project, which is being financed by a $629 million facility from China Development Bank (CDB), is at 48% completion.
- The size of the deep seaport will allow 18,000 TEU capacity vessels, which are four times bigger than the ones berthing at Apapa seaports, thereby scaling down the cost of container transportation from any part of the world.
- When it is completed, the deep seaport is expected to generate more than 170,000 direct and indirect job opportunities for Lagos residents and serve as an alternative in an effort to decongest the Federal Government-owned seaports in Apapa.
- Tolaram Group, a Singaporean company, initiated a $2 billion investment in the Lagos Free Zone, out of which the investor committed $950 million to developing a manufacturing hub in the zone.
NPA suspends Electronic Call-up for trucks at APM terminal, Apapa
This follows a fallout of the dispute between members of the Maritime Workers Union and the management of AP Moller Terminals.
The Nigerian Ports Authority (NPA) has announced the suspension of the Electronic Call-up for trucks (ETO) for cargoes bound for the AP Moller Terminal (APMT) in Apapa.
This follows the disruption of operations at the terminal which is a fallout of the dispute between members of the Maritime Workers Union and the management of AP Moller Terminals.
This disclosure is contained in a series of tweet posts by NPA on its official Twitter handle on Thursday, April 15, 2021.
The NPA said that while it is working towards resolving the dispute between both parties, APMT will not receive or exit cargoes for the next 24 hours.
The tweet from NPA reads, ”Following a dispute with the management of AP Moller Terminals at the Lagos Ports Complex, Apapa, members of the Maritime Workers Union have today, April 15, disrupted operations at the terminal.
While the NPA is working toward resolving the dispute between the two parties, APMT will not be able to receive or exit cargoes for the next 24 hours.
The authority hereby urges stakeholders to please take note, as ETO tickets will not be issued to APMT bound cargoes.’’
What you should know
- There were earlier reports that the Maritime Workers’ Union of Nigeria (MWUN) on April 15 shut down AP Moller Terminal (APMT) in Apapa.
- The President-General of MWUN, Mr Adewale Adeyanju, disclosed that the grounding of activities at the terminal is due to the expiration of the one week plus notice given to the management of the terminal to adhere to the laws of the land.
Following a dispute with the management of AP Moller Terminals at the Lagos Ports Complex, Apapa, members of the Maritime Workers Union have today, Thursday April 15, 2021, disrupted operations at the terminal.
— Nigerian Ports (@nigerianports) April 15, 2021
NCC issues NIN enrollment guideline for foreigners living in Nigeria
All legally resident foreigners are required to obtain a NIN just like Nigerian citizens.
Nigerian Communication Commission (NCC) has issued NIN enrollment guidelines for foreigners living in Nigeria.
According to NCC, all persons in Nigeria who use mobile networks are required to register their SIM cards and link them with the NIN database.
This was disclosed by the commission via its Twitter handle on Thursday.
It tweeted, “All persons in Nigeria who use mobile networks are required to register their SIM cards and link them with the NIN database.
All legally resident foreigners (i.e. non-Nigerians living and working in Nigeria) are to obtain a NIN just like Nigerian citizens. They can do this by submitting valid resident/work permits at NIMC enrolment centres.
However, foreigners on tourist or visiting visa are to tender their international passports to acquire a SIM. But where such a visiting foreigner or tourist’s immigration status changes to residency or work permit, he/she will be required to obtain NIN and link the registered SIM.”
It added that the NIN does not confer citizenship on foreigners but only serves to identify a person (citizens and legal residents).
— ncc.gov.ng (@NgComCommission) April 15, 2021
Nairametrics | Company Earnings
Access our Live Feed portal for the latest company earnings as they drop.
- BUA Cement Plc announces Board Meeting
- Infinity Trust Mortgage Bank Plc records a 60% increase in profit after tax in Q1 2021.
- Tantalizers Plc reports a loss after tax of N422.05 million in FY 2020.
- NASD Plc announces admission of newly demutualized NGX shares.
- Lotus Halal Fixed Income announces dividend of N20 per unit for Q1 2021.