• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News Business

Lekki Deep Seaport: A game changer and West Africa’s deepest seaport – FG

Chike Olisah by Chike Olisah
May 3, 2021
in Business, Business News
Lekki Deep Seaport: A game changer and West Africa's deepest seaport - FG
Share on FacebookShare on TwitterShare on Linkedin

The federal government has said that the Lekki Deep Seaport is designed to be the deepest port in West Africa and will be a significant game-changer in Nigeria’s Maritime economy with corresponding benefits to the West and Central sub-regions of Africa.

According to a statement by the Assistant Director Press and Public Relations of the Federal Ministry of Transportation, Abuja, Anastasia Ogbonna, this was disclosed by the Permanent Secretary of the ministry, Dr Magdalene Ajani.

Ajani made this known when she led a Ministerial Team on a quarterly inspection of the progress of work on the Lekki Deep Sea Port in Lagos.

MoreStories

Donald Trump

US, Israel launch joint military strikes on Iran

February 28, 2026
NGX

NGX Group Reports ₦15.6 Billion FY 2025 Profit, Declares ₦3.00 FY Dividend and 1-for-3 Bonus Issue

February 28, 2026

READ: FG approves $2 billion for the first phase of $4.6 billion Ibom Deep Seaport

The activities that were undertaken in the course of the inspection include an audio-visual briefing by the management of Lekki Port Enterprises, the contractors (China Harbour Engineering Co. Ltd) and the Project Managers (Louis Berger Intl.) as well as a physical inspection of the works on site.

Ajani said the developers were working assiduously to meet the deadline of the fourth quarter of 2022 for commencement of commercial operations as directed by the Minister of Transportation, Rotimi Amaechi.

Also on the inspection team are the Director, Maritime Services, Awal Suleiman, Director, Legal Services, Pius Oteh, Executive Secretary, Nigerian Shippers’ Council, Hassan Bello.

Others include the Managing Director, Nigerian Ports Authority, Hadiza Bala Usman, Director-General, Nigerian Maritime Administration and Safety Agency, Bashir Jamoh and other technical officers from the ministry and the agencies.

READ: Shippers Council threatens to bar illegal operators from all seaports

What you should know

  • The Lekki Deep Seaport which is being constructed by China Habour Engineering firm is a $2 billion investment in the Lagos Free Trade zone initiated by Tolaram Group, a Singaporean company.
  • 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 completed, the deep seaport is expected to generate more than 170,000 direct and indirect job opportunities for Lagos residents and would boost the Federal Government’s efforts to decongest the Lagos ports in Apapa and Tin Can.

Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: Lekki Deep Seaport
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Next Post
Telecoms companies in Nigeria

FG and Microsoft announce development of high-speed internet infrastructure

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics