Lagos – The Federal Government says Lekki Deep Seaport, in Lagos State will begin full commercial activities in September.
The Minister of Transportation, Rotimi Amaechi, while inspecting the project on Saturday in Lagos, said it was a huge achievement for President Muhammadu Buhari’s led administration.
Amaechi said: ”As a layman I cannot talk in terms of percentage. I can only say that I am impressed compared to the last time we came here.
”I am being told by the management that by June, they are expecting cranes and by September, like we agreed, they should commence commercial activities, I am happy.
”This is a privately funded project, over time they will collect their revenue from commercial activities before they hand over to the Federal Government through NPA.
”Obviously taxes will be collected here, even them, they will pay taxes.
”I doubt there is tax exemption, so we will collect taxes and I must say that the confidence in giving them the project is because of the taxes that we will collect.”
On contribution of the port to GDP, Amaechi said it would contribute about 360billion dollars, which is not even enough to accomplish what is needed.
He said: ”the growth of the economy will put pressure on the expansion of the project.
”The argument we have in cabinet is that, the need for Lekki is as a result of the fact that the demand for port activities have exceeded the supply of Tin Can and Apapa ports around Lagos.
”We have more ports than the country needs for now because manufacturing is a big problem in Nigeria coupled with the fact that this is the first seaport in Nigeria.
”Right here you have 16.5meters drought which is good for the country but the country needs more than just one.”
Lekki deep seaport to commence activities September – FG
Lagos – The Federal Government says Lekki Deep Seaport, in Lagos State will begin full commercial activities in September.
The Minister of Transportation, Rotimi Amaechi, while inspecting the project on Saturday in Lagos, said it was a huge achievement for President Muhammadu Buhari’s led administration.
Amaechi said: ”As a layman I cannot talk in terms of percentage. I can only say that I am impressed compared to the last time we came here.
”I am being told by the management that by June, they are expecting cranes and by September, like we agreed, they should commence commercial activities, I am happy.
”This is a privately funded project, over time they will collect their revenue from commercial activities before they hand over to the Federal Government through NPA.
”Obviously taxes will be collected here, even them, they will pay taxes.
”I doubt there is tax exemption, so we will collect taxes and I must say that the confidence in giving them the project is because of the taxes that we will collect.”
On contribution of the port to GDP, Amaechi said it would contribute about 360billion dollars, which is not even enough to accomplish what is needed.
He said: ”the growth of the economy will put pressure on the expansion of the project.
”The argument we have in cabinet is that, the need for Lekki is as a result of the fact that the demand for port activities have exceeded the supply of Tin Can and Apapa ports around Lagos.
”We have more ports than the country needs for now because manufacturing is a big problem in Nigeria coupled with the fact that this is the first seaport in Nigeria.
”Right here you have 16.5meters drought which is good for the country but the country needs more than just one.”
