We had earlier announced plans by the Lagos State Government to begin construction of the Lekki seaport after signing a Memorandum of Understanding this past December. Construction has begun in earnest at the seaport site which is poised to be Nigeria’s largest sea port to date and West Africa’s deepest seaport.
The seaport which is a collaboration between the Federal Government of Nigeria through the Nigerian Ports Authority and a private investor – the Lekki Port Lekki Free Trade Zone Enterprise, LPLE is estimated to be able to handle about 6 million Twenty-foot Equivalent Units (TEUs) of containers after completion. The port will help ease the traffic and pressure on the Apapa and Tin Can Island ports in Lagos.
Development of Phase I of the seaport will gulp an estimated $1.5 billion and is estimated to take place over a four year period. The port’s development will birth an estimated 10,000 jobs and more than 169,000 jobs will be generated both directly and indirectly after the port’s completion.
Construction of the Lekki-Epe International airport has also started in earnest with the aim of transforming the Lekki Free Trade Zone into an investment haven.
Watch the video below on the Lekki seaport
According to the State’s Commissioner for Commerce & Industry, Mrs. Olusola Oworu:
“The state government has commenced works on the development of the Lekki-Epe International Airport to complement activities at the zone and also provide alternative air transport services in the state. The State Government has successfully obtained the site approval for the airport from the Federal Ministry of Aviation and has also completed the master plan of the 3,500 hectares of land earmarked for the project.
“The Lekki-Epe International Airport is designed to handle about five million passengers annually with provision for a modular terminal for future expansion. Preliminary works on the airport project have commenced with the clearing of 150 hectares (runway), 4.5km of the access road and 9km of perimeter road.
“The Lands Bureau has successfully completed the crop enumeration exercise on the designated site for the airport to facilitate the payment of compensation to affected land owners and farmers. In line with the policy of the present administration on public-private partnership, the proposed airport will be built and managed by private investors,” Oworu said.
According to her, a select team of private investors as well as local and international investors have been assembled to manage the airport’s development. Companies involved in the development of the airport include Stanbic IBTC (Financial Advisers), Arup PTY (Technical Consultants), Norton Rose (Off-shore Legal Consultants) and Banwo and Ighodalo (Local Legal Consultants).