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Lekki Deep Seaport Targets $361bn Revenues, 200,000 Jobs  

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 President Muhammadu Buhari has finally commissioned the 1 5billion Lekki deep seaport for commercial operation Construction of the port started on June 15 2020 and was completed on Monday October 24 2022 LEADERSHIP gathered that the deep seaport which was the first fully automated and digitalised port in Nigeria would generate over 361 billion into the Nigerian economy as well 201billion in revenue to federal state government agencies from taxes royalties and duties Also aside providing over 200 000 jobs opportunities for Nigerians the port would also improve turnaround time for cargo handling and clearance as well as effectively lower cost of imports Speaking after Mr President unveiled the Lekki Deep Sea Port the governor of Lagos State Babajide Sanwo Olu described the project as the biggest infrastructure in the whole of West Africa saying it would generate thousands direct and indirect jobs in the country This was just as he stated that the multi billion naira project is a collaboration between the Federal Government and Lagos State government as well as the private stakeholders He expressed joy that the execution of the project which took off under Buhari s administration was completed during his tenure He therefore thanked Mr President for his commitment to development of the country and appreciated all those contributed immensely to bringing the project to reality Speaking earlier the managing director Nigerian Ports Authority NPA Mohammed Bello Koko said that having a depth of 16 5 metres will enable bigger vessels and more cargos to come into the port with economies of scale which will bring down the cost of doing business in Lekki Port According to him the port will not only create employment but will be more efficient than other ports in Nigeria and a model for port development in Nigeria He said that the NPA will be the regulator and had acquired the equipment needed for the provision of marine services for safe berthing of vessels at Lekki We already have interest from a certain neighbouring African country that wants to move its cargoes from Lekki Port through Dala Inland Dry Port in Kano to the the African country because the country has seen the possibility of smooth operations and efficiency at Lekki Port he added Similarly the director general Nigerian Maritime Administration and Safety Agency NIMASA Dr Bashir Jamoh stated that the port is not only one of the very best in the sub region but also in the continent Jamoh said the port with an investment of 361 billion and employment opportunity for about 200 000 Nigerians Jamoh further stated that Maritime industry is one sector that can be harnessed to solve the nation s economic problems Jamoh said I am the happiest person and that has to do with development of shipping Today we are seeing the emergence of one of the best ports not only in West Africa but in Africa On his part the executive secretary Nigerian Shippers Council NSC Hon Emmanuel Jime disclosed that the Lekki Deep Seaport was a first of its kind port in Nigeria that is fully automated digitalised According to him the Lekki deep seaports represent a dynamic change as far as the maritime domain in the nation is concerned Earlier the chairman of Lekki Port LFTZ Enterprise Limited Biodun Dabiri said the project would make economy of Lekki environs to worth N10billion Credit https leadership ng lekki deep seaport targets 361bn revenues 200000 jobs
Lekki Deep Seaport Targets 1bn Revenues, 200,000 Jobs  

Muhammadu Buhari

President Muhammadu Buhari, has finally commissioned the $1.5billion Lekki deep seaport for commercial operation.

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Construction of the port started on June 15, 2020, and was completed on Monday, October 24, 2022.

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LEADERSHIP gathered that the deep seaport which was the first fully automated and digitalised port in Nigeria, would generate over $361 billion into the Nigerian economy as well $201billion in revenue to federal, state government agencies from taxes, royalties and duties.

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Also, aside providing over 200,000 jobs opportunities for Nigerians, the port would also improve turnaround time for cargo handling and clearance as well as effectively lower cost of imports.

Speaking after Mr. President unveiled the Lekki Deep Sea Port, the governor of Lagos State, Babajide Sanwo-Olu, described the project as the biggest infrastructure in the whole of West Africa, saying it would generate thousands direct and indirect jobs in the country.

This was just as he stated that the multi- billion naira project is a collaboration between the Federal Government and Lagos State government as well as the private stakeholders.

He expressed joy that the execution of the project which took off under Buhari’s administration was completed during his tenure.

He, therefore, thanked Mr. President for his commitment to development of the country and appreciated all those contributed immensely to bringing the project to reality.

Speaking earlier, the managing director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko, said that having a depth of 16.5 metres will enable bigger vessels and more cargos to come into the port with economies of scale, which will bring down the cost of doing business in Lekki Port.

According to him, the port will not only create employment but will be more efficient than other ports in Nigeria and a model for port development in Nigeria.

He said that the NPA will be the regulator and had acquired the equipment needed for the provision of marine services for safe berthing of vessels at Lekki.

“We already have interest from a certain neighbouring African country that wants to move its cargoes from Lekki Port through Dala Inland Dry Port in Kano to the the African country because the country has seen the possibility of smooth operations and efficiency at Lekki Port, “ he added.

Similarly, the director general, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, stated that the port is not only one of the very best in the sub-region but also in the continent.

Jamoh said the port with an investment of $361 billion and employment opportunity for about 200,000 Nigerians.

Jamoh further stated that Maritime industry is one sector that can be harnessed to solve the nation’s economic problems.

Jamoh said, “I am the happiest person and that has to do with development of shipping. Today we are seeing the emergence of one of the best ports not only in West Africa but in Africa.

On his part, the executive secretary, Nigerian Shippers’ Council (NSC), Hon. Emmanuel Jime, disclosed that the Lekki Deep Seaport was a first of its kind port in Nigeria that is fully automated digitalised.

According to him, the Lekki deep seaports represent a dynamic change as far as the maritime domain in the nation is concerned.

Earlier, the chairman of Lekki Port LFTZ Enterprise Limited, Biodun Dabiri, said the project would make economy of Lekki environs to worth N10billion.

Credit: https://leadership.ng/lekki-deep-seaport-targets-361bn-revenues-200000-jobs/

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