• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • 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
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • 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
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
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.

RelatedStories

FG, States and LGAs share N1.35 trillion as FAAC allocation in June

FEC approves $651.7 million for 7th Axial Road project linking Lekki Deep Seaport to southern, northern states 

May 6, 2025
Lekki Deep Seaport receives first LNG powered vessel

Lekki Deep Seaport receives first LNG powered vessel

January 30, 2024

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.

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.

Related Posts

FG, States and LGAs share N1.35 trillion as FAAC allocation in June
Real Estate and Construction

FEC approves $651.7 million for 7th Axial Road project linking Lekki Deep Seaport to southern, northern states 

May 6, 2025
Lekki Deep Seaport receives first LNG powered vessel
Business

Lekki Deep Seaport receives first LNG powered vessel

January 30, 2024
10 things you need to know about Lekki Deep Seaport
Business News

10 things you need to know about Lekki Deep Seaport

January 28, 2023
Ondo Port: NPA says $1 billion Seaport to get approval
Business

Lekki Port to contribute $361bn economic impact in 45 years – ICRC

January 24, 2023
Lekki
Business

Lekki deep seaport set to create 112,000 jobs, berth largest ship in the world – Minister of Transportation

August 21, 2022
seaports, cargo scanning, NCS
Business

Lekki deep seaport now 95.65% complete, to be fully ready by September 2022

August 1, 2022
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 *

otd
arco
Palmpay
access bank
nairametrics
first bank








DUNS

Recent News

  • Akwa Ibom Airport resumes night flight operations
  • Lagos Govt faults Obi over comments on Trade Fair demolitions
  • PENGASSAN announces suspension of nationwide strike  

Follow us on social media:

Recent News

Akwa Ibom Airport resumes night flight operations

Akwa Ibom Airport resumes night flight operations

October 1, 2025
Peter Obi

Lagos Govt faults Obi over comments on Trade Fair demolitions

October 1, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 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
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • 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
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics