The Federal Government of Nigeria recently signed a Memorandum of Understanding with the Lagos State Government for the construction of the Lekki Sea Port. The port will be the country’s largest sea port to date and is aimed at decongesting Nigeria’s ports in Tin Can Island and Apapa both in Lagos.
Foreign investors have invested 60 percent of the funds required for the project, while the Federal Government of Nigeria (through the Nigerian Ports Authority) and the Lagos State Government have each own a 20 percent stake in the project respectively. The project is jointly supported by Eurochem Corporation (a Singaporean company), the Tolaram Group and a host of other investors.
Construction of the port is billed to commence in earnest in January 2013 and the port is expected to be fully operational in 2015.
At full capacity, it is estimated that the port will be able to handle about 6 million Twenty-foot Equivalent Units (TEUs) of containers.
For more information, visit www.lekkiport.com. You can also watch a video about the port and read its masterplan below this post.