$1bn Nigerian deep sea port set to revolutionize African trade
Nigeria has officially opened the Lekki Deep Sea Port, a $1bn infrastructure project that aims to ease congestion at the country’s ports and establish Nigeria as an African hub for transshipment.
The port, which is 75% owned by the China Harbour Engineering Company and Tolaram group, with the remaining 25% shared between the Lagos state government and the Nigerian Ports Authority, is expected to generate at least 200,000 jobs, according to Chinese Ambassador to Nigeria Cui Jianchun.
The opening of the port comes as President Muhammadu Buhari’s government makes infrastructure development a key pillar of its economic policy, with the goal of boosting support ahead of next month’s presidential election.
