Nigeria to Regain Lost Cargoes from Neighbouring Ports with Lekki Deep Seaport, Targets $201bn Duties
LAI MOHAMMED
*Lekki deep seaport is game changer for our economy, says NSC boss
By Our Reporter
The years of lost cargoes to neighbouring ports will be over with the take-off of Lekki Deep Seaport, the federal government has said.
The Minister of Information, Alhaji Lai Mohammed, said on Wednesday that when completed, Nigeria will no longer lose cargoes to neighbouring ports of Togo, Cote d’Ivoire and Ghana.
Mohammed who spoke during a tour of Lekki Deep Seaport, said the port will boost Nigeria’s economy and an advantage with the planned implementation of the African Continental Free Trade Agreement (AfCFTA).
He also disclosed that the Deep Seaport will fetch the government over $201 billion in duties, taxes and royalties royalties with the commencement of operations towards the end of the year.
The Minister said, “The investment is huge – $1.53 billion on fixed assets and $800 million dollars on construction. In addition, it will create 169,972 jobs and bring revenues totalling $201 billion to state and federal governments through taxes, royalties and duties.
“The direct and induced business revenue impact is estimated at $158 billion in addition to a qualitative impact on manufacturing, trade and commercial services sector.
“The Lekki Deep Sea Port, a build, own, operate and transfer concern, is a massive project, a game changer and a pace setter. It is the deepest sea port in Nigeria and West Africa, and that in itself is a unique advantage.
“A major advantage we have to leverage is transshipment. With this port, Nigeria will become a transshipment hub and the revenue we are currently losing to our neighboring countries will come here and that is big,” he said.
“As you know, this project is being done in phases. Phase one has reached 89 per cent and will be completed in September this year. The facilities here are first class. We have seven ships to shore cranes and 21 RTG cranes.
“No port in Nigeria currently has this. The excellent equipment is why this port can do 18,000 twenty-foot equivalent unit (teu), which is more than four times the number that can currently be handled by our other ports.”
Similarly, the Executive Secretary, Nigerian Shippers Council, (NSC), Mr Emmanuel Jime, said the seaport would be a game changer as far as Nigerian economy was concerned.
Jime added, “We need to map out modalities on how we can evacuate cargoes out of the port so that we do not have a replica of Apapa and Tin Can ports.
“This visit is the second we are making to this area within a month, coming after our trip to the Dangote Petroleum Refinery and Petrochemicals as well as the Dangote Fertilizer on April 3rd 2022.”
The Managing Director, Lekki Deep Sea Port, Du Ruogang, in hes response said the deep seaport would change Nigeria’s economy as well as that of the West African countries.
By Our Reporter
The years of lost cargoes to neighbouring ports will be over with the take-off of Lekki Deep Seaport, the federal government has said.
The Minister of Information, Alhaji Lai Mohammed, said on Wednesday that when completed, Nigeria will no longer lose cargoes to neighbouring ports of Togo, Cote d’Ivoire and Ghana.
Mohammed who spoke during a tour of Lekki Deep Seaport, said the port will boost Nigeria’s economy and an advantage with the planned implementation of the African Continental Free Trade Agreement (AfCFTA).
He also disclosed that the Deep Seaport will fetch the government over $201 billion in duties, taxes and royalties royalties with the commencement of operations towards the end of the year.
The Minister said, “The investment is huge – $1.53 billion on fixed assets and $800 million dollars on construction. In addition, it will create 169,972 jobs and bring revenues totalling $201 billion to state and federal governments through taxes, royalties and duties.
“The direct and induced business revenue impact is estimated at $158 billion in addition to a qualitative impact on manufacturing, trade and commercial services sector.
“The Lekki Deep Sea Port, a build, own, operate and transfer concern, is a massive project, a game changer and a pace setter. It is the deepest sea port in Nigeria and West Africa, and that in itself is a unique advantage.
“A major advantage we have to leverage is transshipment. With this port, Nigeria will become a transshipment hub and the revenue we are currently losing to our neighboring countries will come here and that is big,” he said.
“As you know, this project is being done in phases. Phase one has reached 89 per cent and will be completed in September this year. The facilities here are first class. We have seven ships to shore cranes and 21 RTG cranes.
“No port in Nigeria currently has this. The excellent equipment is why this port can do 18,000 twenty-foot equivalent unit (teu), which is more than four times the number that can currently be handled by our other ports.”
Similarly, the Executive Secretary, Nigerian Shippers Council, (NSC), Mr Emmanuel Jime, said the seaport would be a game changer as far as Nigerian economy was concerned.
Jime added, “We need to map out modalities on how we can evacuate cargoes out of the port so that we do not have a replica of Apapa and Tin Can ports.
“This visit is the second we are making to this area within a month, coming after our trip to the Dangote Petroleum Refinery and Petrochemicals as well as the Dangote Fertilizer on April 3rd 2022.”
The Managing Director, Lekki Deep Sea Port, Du Ruogang, in hes response said the deep seaport would change Nigeria’s economy as well as that of the West African countries.
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