Herer are 10 facts you should know about the Lekki Deep Sea Port which was commissioned by President Muhammadu Buhari in Lagos yesterday, January 23, 2023 .
President Buhari has officially commissioned the $1.5 billion Lekki Deep Sea Port , it spans over 600 meters with the capacity to take over 16,000 standard containers.
NAIJA NEWS NG reports that Lagos Governor, Jide Sanwo-Olu writing about the project on Twitter said the “projects will cement Lagos’s status as one of the largest economies in Africa. The $1.5 billion Lekki Deep Sea Port is a game changer spanning over 600 meters with the capacity to take over 16,000 standard containers.”
10 Facts You Should Know About The Lekki Deep Sea Port
- With a depth of 19 meters, equipped with the best-in-class facilities that provide large volume shipping operations and terminalling services, the Lekki Deep Sea Port is the deepest seaport in Nigeria.
- The seaport will generate approximately $20b in employee salaries.
- The Container Terminal at the new Lekki Deep Sea Port consists of 3 berths, a 1,200m long quay, and a storage yard with over 15,000 ground slots. They, all together, support a throughput of 2.7 million TEUs annually i.e. 2.7 million 20-foot containers.
- The Lekki Deep Sea Port is located approximately 65 kilometers east of Lagos, spreading over 90 hectares of land bordered on the South by the Atlantic Ocean.
- It is the one of the biggest seaports in sub-Saharan Africa.
- The port has an estimated multiplier effect of more than 230 times the total project cost, boosting Lagos State and Nigeria’s economic growth and development in the process.
- Over 170,000 jobs will be created from port operations alone.
- It was developed within the Lagos Free Trade Zone by the Lekki Port LFTZ Enterprise Limited (LPLEL), a Special Purpose Vehicle licensed under the Nigeria Export Processing Zone (NEPZ) Act.
- An estimated $201b Revenue will accrue from the the Lekki Deep Sea Port for State and Federal Agencies from taxes, royalties, and duties.
- The port’s qualitative impact on the Maritime, Manufacturing, Trade and Commercial Services Sector is an estimated business revenue impact of US$ 158 billion across the value chain.