• About
  • Advertise
  • Contact
Thursday, April 23, 2026
  • 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

FAAC Shares N2.036 trillion March 2026 Revenue Among FG, States, LGs

IMF/World Bank Meetings: Dangote Champions Infrastructure, Job Creation As Catalysts For Africa’s Economic Growth

Report Of Hidden Spending, Diversion Of Federation Revenue Are False – FG

President Tinubu Signs ₦68.32 trillion 2026 Appropriation Bill Into Law, Extends 2025 Budget Implementation Period

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

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

FAAC Shares N2.036 trillion March 2026 Revenue Among FG, States, LGs

April 22, 2026
Dangote, Pope Leo XIV, Trump, Xi Jinping, Others Named In TIME 100 Most Influential People For 2026
Business

IMF/World Bank Meetings: Dangote Champions Infrastructure, Job Creation As Catalysts For Africa’s Economic Growth

April 22, 2026
Report Of Hidden Spending, Diversion Of Federation Revenue Are False – FG
Economy

Report Of Hidden Spending, Diversion Of Federation Revenue Are False – FG

April 20, 2026
President Tinubu Signs ₦68.32 trillion 2026 Appropriation Bill Into Law, Extends 2025 Budget Implementation Period
Economy

President Tinubu Signs ₦68.32 trillion 2026 Appropriation Bill Into Law, Extends 2025 Budget Implementation Period

April 17, 2026
Dangote Group Plans To Showcase Refinery, Vision 2030, Others At Nasarawa Trade Fair
Business

Dangote Group Plans To Showcase Refinery, Vision 2030, Others At Nasarawa Trade Fair

April 16, 2026
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

APC Accuses PDP Of Peddling Fake News On ” Attack On Buhari ” In Kano, PDP Blames Ganduje

APC Accuses PDP Of Peddling Fake News On ” Attack On Buhari ” In Kano, PDP Blames Ganduje

3 years ago
Mambilla : Hearing In Fraud Suit Against Agunloye Stalled As EFCC Presents Invalid Prosecution Witness

Mambilla : Hearing In Fraud Suit Against Agunloye Stalled As EFCC Presents Invalid Prosecution Witness

2 years ago
Drug War : Senate Commends Marwa, Promises NDLEA More Support, Partnership

Drug War : Senate Commends Marwa, Promises NDLEA More Support, Partnership

2 years ago
APC Slams Opposition Parties Over Calls For Election Cancellation

APC Shifts Kogi, Bayelsa, Imo Governorship Primaries To April 14

3 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
  • 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 Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun PDP Police Power refinery rescue road Security students Tinubu troops US Women
No Result
View All Result

Highlights

FAAC Shares N2.036 trillion March 2026 Revenue Among FG, States, LGs

Nigeria’s Ambassador Designate To Algeria, Mohammed Mahmud Lele Dies In Turkiye

NDLEA Secures Convictions Of 974 Drug Offenders In First Quarter Of 2026, 11 Kingpins Bagged 254yrs Imprisonment

IMF/World Bank Meetings: Dangote Champions Infrastructure, Job Creation As Catalysts For Africa’s Economic Growth

Supreme Court Reserves Judgment In ADC Leadership Appeal

Israeli Soldiers Sentenced To Jail For Damaging Jesus Statue In Lebanon

Trending

President Tinubu Moves To Grant Debt Relief To Domestic Airlines, Scrap Ticket Charges Amid Jet A1 Crisis
Aviation

President Tinubu Moves To Grant Debt Relief To Domestic Airlines, Scrap Ticket Charges Amid Jet A1 Crisis

by Vital News
April 23, 2026
0

President Bola Ahmed Tinubu has approved plans to grant debt relief to domestic airlines and review multiple...

Troops Repel Attack On Army Location In Yobe, Kill 24 Terrorists, Recover Arms Cache

Troops Repel Attack On Army Location In Yobe, Kill 24 Terrorists, Recover Arms Cache

April 23, 2026
Details : Ex-Gov. El-Rufai Faces ICPC Charges Over ₦4.61bln CCTV Deal, $22.47mln Contracts, ₦11bln Light Rail Scam, Others

DSS Arraigns El-Rufai For “Intercepting” Ribadu’s Telephone Conversations

April 23, 2026
FAAC Shares N2.22 trillion August 2025 Revenue Among Federal, States, Local Governments

FAAC Shares N2.036 trillion March 2026 Revenue Among FG, States, LGs

April 22, 2026
Excitement As FG Reintroduces Payment Of Gratuity To Federal Civil Servants

Nigeria’s Ambassador Designate To Algeria, Mohammed Mahmud Lele Dies In Turkiye

April 22, 2026
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

  • President Tinubu Moves To Grant Debt Relief To Domestic Airlines, Scrap Ticket Charges Amid Jet A1 Crisis April 23, 2026
  • Troops Repel Attack On Army Location In Yobe, Kill 24 Terrorists, Recover Arms Cache April 23, 2026
  • DSS Arraigns El-Rufai For “Intercepting” Ribadu’s Telephone Conversations April 23, 2026

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