• 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 Economy

FG endorses expansion dredging at Lekki Deep Seaport to accommodate larger vessels 

Caleb Obiowo by Caleb Obiowo
May 26, 2025
in Economy
FG endorses expansion dredging at Lekki Deep Seaport to accommodate larger vessels 
Share on FacebookShare on TwitterShare on Linkedin

The Federal Government has endorsed plans to expand dredging at Lekki Deep Seaport to increase its capacity for larger vessels and enhance cargo throughput.

The announcement was made by the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, through a post on the official X account of the NPA on Sunday, May 25, 2025.

Currently, the port’s draught stands at 16.5 metres; however, the announcement did not specify the targeted depth for the planned dredging project.

MoreStories

Dr. Muda Yusuf, CPPE in an office settings with a Laptop

CPPE calls for national farm price stabilisation framework to safeguard farmers’ incomes

February 1, 2026
PwC 

Delayed budget releases in 2025 slowed Nigeria’s investment drive — PWC 

February 1, 2026

“This comes on the heels of the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola’s endorsement of the strategic alliance between the NPA and Lekki Port to dredge beyond the current draft in preparation for increasing vessel and cargo throughput,” the statement partly read.

The statement highlighted that the endorsement follows a strategic partnership between the NPA and Lekki Port aimed at expanding the port’s capacity and boosting operational efficiency.

More insights  

Dantsoho commended the management of Lekki Deep Seaport for their consistent superior performance and reaffirmed the NPA’s commitment to providing all necessary support to optimize the port’s operations.

The NPA Managing Director emphasized that the management aims to position the national economy to fully leverage the multi-dimensional benefits of economies of scale, capitalizing on Lekki Port’s ability to berth super post-panamax vessels.

He highlighted that Lekki’s state-of-the-art infrastructure and fully automated systems align with the NPA’s broader port modernization programme, which enjoys robust policy support from Minister Oyetola.

  • Dantsoho also noted a steady increase in transshipment volumes at Lekki, positioning the port to effectively serve the maritime needs of Nigeria’s landlocked neighbouring countries.
  • The statement noted that the port’s advanced features, including faster vessel turnaround times, are expected to enhance the competitiveness of Nigerian exports—especially agro-allied products—under the African Continental Free Trade Area (AfCFTA).

He described Lekki Deep Seaport as a model for the direction the NPA is pursuing in aggressively implementing its port modernization initiatives.

During his visit, Dr. Dantsoho was accompanied by key industry stakeholders, including the Chairman of the Lekki Port Board, Mr. Abiodun Dabiri; Managing Director of Lekki Port, Mr. Qiang Wang; Executive Director Finance & Administration of NPA, Vivian Richard-Edet; and Director of Lekki Port, Alhaji Olabode Oyedele.

What you should know  

The Lekki Deep Seaport is operated by Lekki Port LFTZ Enterprise Limited (LPLEL), the Special Purpose Vehicle (SPV) awarded the concession by the Nigerian Ports Authority (NPA) to develop, build, and manage the port.

  • As a multipurpose, common user facility, LPLEL has the authority to sub-concession terminal operations to other companies.
  • LPLEL is a joint venture owned by Lekki Port Investment Holdings Inc.—which includes China Harbour Engineering Company Ltd. and Tolaram Group—along with the Lagos State Government and the Federal Government of Nigeria through the NPA.

The port is incorporated under the Companies & Allied Matters Act and operates within the Lagos Free Trade Zone under a license granted by the Nigeria Export Processing Zones Authority (NEPZA).


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: Adegboyega OyetolaAfCFTA Export Boost via Lekki PortDr. Abubakar DantsohoLarger vessels at Lekki deep seaportLekki Deep Seaport Dredging Expansion
Caleb Obiowo

Caleb Obiowo

Caleb Obiowo is a graduate of Urban and Regional Planning from the University of Uyo. At Nairametrics, he covers transport and logistics in Nigeria, along with real estate, construction, and aviation. He focuses on delivering clear, easy-to-understand stories and often digs deeper into industry issues through conversations with key players.

Next Post
Billionaire Elon Musk’s net worth hits $419 billion amid Tesla’s 20% share drop 

Billionaire Elon Musk's net worth hits $419 billion amid Tesla’s 20% share drop 

Leave a Reply Cancel reply

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

rabafast
NLNG

access bank
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