Nigeria Opens 'Game Changer' Billion-dollar Deep Seaport

January 25, 2023

The US$1.5 billion Lekki Deep Sea Port is commissioned in Lagos, Nigeria. (Photo: Nigerian Ports Authority)
The US$1.5 billion Lekki Deep Sea Port is commissioned in Lagos, Nigeria. (Photo: Nigerian Ports Authority)

Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country's ports and help it become an African hub for transshipment, handling cargoes in transit for other destinations.

President Muhammadu Buhari has made building infrastructure a key pillar of his government's economic policy, and hopes that this will help his ruling party win votes during next month's presidential election.

The new Lekki Deep Sea Port is 75% owned by the China Harbour Engineering Company and Tolaram group, with the balance shared between the Lagos state government and the Nigerian Ports Authority.

"This is a transformative project, game changer project. This project could create at least 200,000 jobs," Chinese Ambassador to Nigeria Cui Jianchun told Reuters after the port was commissioned by Buhari.

China is among the largest bilateral lenders to Nigeria and has funded rail, roads and power stations.


(Reuters - Writing by MacDonald Dzirutwe; Editing by Jan Harvey)

Logistics News

Companies Scramble to Secure Ships to Transfer Venezuelan oil

Companies Scramble to Secure Ships to Transfer Venezuelan oil

Russian Drone Hits Two Foreign-Flagged Vessels Near Odesa

Russian Drone Hits Two Foreign-Flagged Vessels Near Odesa

Turkey to Import 210,000 Metric Tons of Feed Barley

Turkey to Import 210,000 Metric Tons of Feed Barley

Senalia Expects Double Grain Shipments in 2025/26

Senalia Expects Double Grain Shipments in 2025/26

Subscribe for Maritime Logistics Professional E‑News

Kyiv scrambles after Russian attack to repair the damaged power grid
Forgent Power, a manufacturer of electrical equipment, has revealed a surge in US IPO filings
Boeing's largest 737 MAX aircraft model is moving to the next certification stage but still faces obstacles