• About
  • Advertise
  • Contact
Saturday, July 12, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

$1.5bln Lekki Deep Sea Port Ready For Test Run

Vital News by Vital News
October 29, 2022
in Economy
0
Share on FacebookShare on Twitter

Lagos – Lekki Deep Sea Port, Nigeria’s deepest seaport will test run operation next week, Lagos State Governor, Babajide Sanwo-Olu has confirmed.

The test run is preparatory to commercial operation of the $1.5 billion seaport.

Spread over 90 hectares of land in the heart of the Lagos Free Zone and 65 kilometres east of Lagos city, the Lekki Deep Sea Port (Lekki Port) is a multi-purpose port, regarded as one of the most modern ports in the West African sub-region.

The port comprises of three containers, three liquid and one dry bulk berths.

Lekki deep seaport

It is being undertaken by Lekki Port LFTZ Enterprise Limited, a special purpose vehicle promoted by the Tolaram & China Harbour Engineering Company Limited. The federal government and Lagos State government are major stakeholders in Lekki Port.

RelatedStories

Tax Reform : Abiodun Commends Tinubu, Says New Tax Laws Will Benefit Nigerians

Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX

President Tinubu Signs Tax Reform Bills Into Law

NUT: A Stand For Truth, Unity And Progress — Western Bloc Speaks Out On Recent Misleading Press Release By Okun Stakeholders Forum

On completion, the seaport will create over 112,000 jobs.

The world-class port is expected to provide more than 100,000 jobs and change the face of port operations across the country.

A senior official of Lekki Port yesterday said that the port was 100 per cent completed and would soon commence operations to the delight of shippers and manufacturers that depend on seaports to bring in raw materials and export finished goods.

“Dredging and reclamation works are now 100 per cent completed. Quay wall and the Breakwater have been completed. Ditto landside infrastructure and other facilities,” the official said.

The promoters of the first and biggest deep water port in the country, it was gathered, have provided modern equipment to boost its operation as a smart port.

According to the senior official, with the completion of the much-awaited deep seaport, the nation’s port industry will start to function at par with the ports of Abidjan, Lome and Tema.

The Lekki Port, with 16.5 metres depth, was designed to bridge the gap in the projected demand for containerised goods, especially as the capacity of existing ports in Apapa and Tin-Can to handle the numbers of vessels and cargoes coming to the port is becoming problematic.

Based on projection, Lekki Port is expected to decongest the Apapa Port, which is currently struggling with limited space and poor infrastructure, especially for cargo evacuation from and delivery of export goods to the port.

He said: “As a modern port, the Lekki Deep Sea Port will assist Nigeria with the capacity to handle cargoes in a timely and more efficient manner.

“The port has the capacity to accommodate larger and more modern vessels with an economy of scale for the shipper and fast delivery of consignments from any port across the globe to Lekki, in Nigeria.”

Chairman, Lekki Port LFTZ Enterprise Limited (LPLEL), Abiodun Dabiri, who spoke at a breakfast meeting organised by the Nigerian-South African Chamber of Commerce in Lagos, confirmed that the contractor – China Harbour Engineering Company Ltd – will and over the port to its promoters October 31.

On the economic gains of the Lekki Port, a ship captain, Monday Alexander, explained that the daily cost difference between a ship carrying 4,500 Twenty Equivalent Units (TEUs) of containers, like in the case of Apapa Port, and a larger vessel with a capacity to carry 20,000 containers is about $1,000, which has stimulated investment in deep sea ports across the globe.

Sanwo-Olu during the presentation of the state ‘s 2023 budget proposal to the house of assembly said: “We have also successfully facilitated more than $600 million in investment into the Lekki Deep Sea Port, working closely with our private and public sector partners.

“From next week, the test-running of the Lekki seaport will start.

“This brand-new port has three times the capacity of the Apapa Port and will give Lagos almost 50 per cent of the shipping logistics volumes in West Africa,” he said. (The Nation/vitalnewsngr.com)

Tags: DeepLekkiseaporttest
Previous Post

Abuja Not Saturated With Bombs – Police

Next Post

Terrorists Will Demand Dollars For Ransom Payment If Naira Is Redesigned – Sheikh Gumi

Vital News

Vital News

RelatedStories

Eid -el-Adha : Governor Abiodun Congratulates Muslims,Charges Them On Selflessness, Compassion
Economy

Tax Reform : Abiodun Commends Tinubu, Says New Tax Laws Will Benefit Nigerians

June 27, 2025
Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX
Business

Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX

June 26, 2025
President Tinubu Signs Tax Reform Bills Into Law
Business

President Tinubu Signs Tax Reform Bills Into Law

June 26, 2025
NUT: A Stand For Truth, Unity And Progress — Western Bloc Speaks Out On Recent Misleading Press Release By Okun Stakeholders Forum
Economy

NUT: A Stand For Truth, Unity And Progress — Western Bloc Speaks Out On Recent Misleading Press Release By Okun Stakeholders Forum

June 23, 2025
Current Economic Hardship Should Not Be Blamed On  President Tinubu – Sunday Babalola
Economy

Current Economic Hardship Should Not Be Blamed On President Tinubu – Sunday Babalola

June 19, 2025
Next Post

Terrorists Will Demand Dollars For Ransom Payment If Naira Is Redesigned - Sheikh Gumi

Between Ogun Government And Political Pensioners

2023 : Cleric Urges Politicians To Eschew Violence, Hate Speech During Campaigns

Leave a Reply Cancel reply

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

Follow Us

Recommended

Kwara Politician, Ahman Pategi Dies In Abuja

Kwara Politician, Ahman Pategi Dies In Abuja

9 months ago

Lawyers disagree over proposed amendment to split office of AGF from Minister of Justice

3 years ago

SSANU calls for immediate disbandment of Nimi Briggs Committee

3 years ago
As Ogun Moves To Preserve Abeokuta-Sagamu Road  by Funmi Branco

Gov Abiodun Committed To Rule Of Law, Democracy – Media Aide

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu
No Result
View All Result

Highlights

Kogi SDP Youth Leader Killed, Party Demands Justice

ICPC Recovers N21 billon Salary Fraud In Single Probe

President Tinubu Never Stopped Five-year Non-Immigrant Visa For US Citizens

Kogi Doctors Cry Out Over Poor Remuneration, Lack of Promotions

We Will Not Conspire With Any Organisation, Religious Body To Compromise Right, Safety Of Any Child – LASG

Atiku Says Zoning Won’t Silence Competence, Rejects Pressure To Quit 2027 Race For Peter Obi

Trending

Governor Alia Approves New Board For Lobi Stars FC, Sacks Dominic Iorfa
Crime

JSS3 Student Beats Teacher To Death In Benue

by Vital News
July 12, 2025
0

A Junior Secondary School 3 (JSS3) student has beaten a teacher to death in Benue State. The...

After Failed Rehabilitation  Efforts, NNPC May Sell Port Harcourt, Warri, Kaduna Refineries – Ojulari

After Failed Rehabilitation Efforts, NNPC May Sell Port Harcourt, Warri, Kaduna Refineries – Ojulari

July 11, 2025
Court Finds Natasha Guilty Of Contempt, To Pay N5mln Fine, Publish Apology In Two National Dailes

Court Did Not Give Order Compelling Senate To Lift Suspension On Senator Natasha – CTC Clarifies

July 11, 2025
Kogi SDP Youth Leader Killed, Party Demands Justice

Kogi SDP Youth Leader Killed, Party Demands Justice

July 11, 2025
ICPC Recovers N21 billon Salary Fraud In Single Probe

ICPC Recovers N21 billon Salary Fraud In Single Probe

July 10, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • JSS3 Student Beats Teacher To Death In Benue July 12, 2025
  • After Failed Rehabilitation Efforts, NNPC May Sell Port Harcourt, Warri, Kaduna Refineries – Ojulari July 11, 2025
  • Court Did Not Give Order Compelling Senate To Lift Suspension On Senator Natasha – CTC Clarifies July 11, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In