• About
  • Advertise
  • Contact
Tuesday, December 23, 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

AbdulRazaq Unveils Kwara’s N644bln 2026 Budget

President Tinubu Presents ₦58.18trillion 2026 Budget Proposal To National Assembly, Promises Stronger Discipline In Implementation

‎IMPI Hinges 14% Year-End Inflation Forecast On Deep Analysis Of Tinubu Reforms

Tinubunomics Winning, Reason PZ Stopped Its Planned Exit From Nigeria – TMSG

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

AbdulRazaq Unveils Kwara’s N644bln 2026 Budget
Economy

AbdulRazaq Unveils Kwara’s N644bln 2026 Budget

December 22, 2025
65th Independence Anniversary : President Tinubu To Address Nigerians
Economy

President Tinubu Presents ₦58.18trillion 2026 Budget Proposal To National Assembly, Promises Stronger Discipline In Implementation

December 19, 2025
‎IMPI Welcomes First Interest Rate Cut In Five Years, Says CBN Decision Aligns With Its Projection
Economy

‎IMPI Hinges 14% Year-End Inflation Forecast On Deep Analysis Of Tinubu Reforms

December 18, 2025
65th Independence Anniversary : President Tinubu To Address Nigerians
Economy

Tinubunomics Winning, Reason PZ Stopped Its Planned Exit From Nigeria – TMSG

December 17, 2025
FAAC Shares N2.22 trillion August 2025 Revenue Among Federal, States, Local Governments
Economy

FAAC Shares ₦1.928trn November 2025 Revenue Among FG, States, LGs

December 15, 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

Owa Obokun Of Ijesaland, Oba Adekunle Aromolaran, Joins Ancestors

Gov. Adeleke Mourns Exit Of Oba Aromolaran, Condoles Family, Ijesa People

1 year ago
Shock As APC NWC Member Dumps Party For SDP In Kogi

SDP Washes Hands Off Killing Of Woman In Koton Karfe, Says APC Allegation Defamatory, Incoherent

2 years ago

Fayemi Out, Tambuwal In As New NGF Chairman

3 years ago
In Jos, President Tinubu Assures Northern Christians Of Fairness

President Tinubu Appoints Another Minister From Plateau

2 months 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
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

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

Highlights

Dangote Refinery Begins Nationwide Sale Of Petrol At N739 per litre

Our New Drug Test Policy For Schools Will Cut Down Substance Abuse Among Youth – Marwa

President Tinubu Commends Zulum For Executing Outstanding People – oriented Projects In Borno

Passenger Train In India Hits Elephant Herd, Killing Seven

12 Dead, 2 Injured In Kogi Road Crash, FRSC Warns Motorists Against Speeding, Dangerous Driving

Lower Prices : Fuel Marketers Besiege Dangote Refinery, Loads 1,000 Trucks Daily

Trending

AbdulRazaq Unveils Kwara’s N644bln 2026 Budget
Economy

AbdulRazaq Unveils Kwara’s N644bln 2026 Budget

by Vital News
December 22, 2025
0

Governor AbdulRahman AbdulRazaq of Kwara State on Monday presented a N644 billion Appropriation Bill for the 2026...

NDLEA Arrests Lagos Female Drug Kingpin, Recovers N5bln Worth Of Cocaine In Her Children’s Room

NDLEA Arrests Lagos Female Drug Kingpin, Recovers N5bln Worth Of Cocaine In Her Children’s Room

December 22, 2025
Troops Arrest Fidelis Gayama, Benue’s  Notorious Bandit Leader

Troops Arrest Fidelis Gayama, Benue’s Notorious Bandit Leader

December 22, 2025
Dangote Refinery Slashes Ex-depot Price Of Petrol From N880 To N840 per litre

Dangote Refinery Begins Nationwide Sale Of Petrol At N739 per litre

December 22, 2025
Our New Drug Test Policy For Schools Will Cut Down Substance Abuse Among Youth – Marwa

Our New Drug Test Policy For Schools Will Cut Down Substance Abuse Among Youth – Marwa

December 20, 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

  • AbdulRazaq Unveils Kwara’s N644bln 2026 Budget December 22, 2025
  • NDLEA Arrests Lagos Female Drug Kingpin, Recovers N5bln Worth Of Cocaine In Her Children’s Room December 22, 2025
  • Troops Arrest Fidelis Gayama, Benue’s Notorious Bandit Leader December 22, 2025

Categories

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