$1.5bn Lekki Deep seaport completed, handed over to to developer, Tolaram

The EPC contractor, China Harbour Engineering LFTZ Enterprise (CHELE), a subsidiary of China Harbour Engineering Company (CHEC) has completed the construction of $1.5bn Lekki Deep Seaport and handed it over to Tolaram group, the developer of the port. To ease cargo evacuation, the Lagos State Government also approved construction of six lanes along the port corridors. 

Speaking at the CHELE Completion of Construction ceremony in Ibeju-Lekki, the Lagos State Governor, Babajide Sanwo-Olu said that the port is one of the modern deep seaport in the world. He applauded the project and said when it becomes operational, it will generate several billion of dollars for the state and the country. He said the port will also make Nigeria a transhipment hub in West and Central Africa. Also speaking, the chairman, Board of Directors, Lekki Port, Biodun Dabiri, said the port would create over 170,000 direct and indirect jobs for Nigerians. 

“When the presidential commissioning takes place, and the port becomes fully operational, there is no doubt that Lekki Deep Sea Port will contribute immensely to the growth of the Nigerian economy, creating about 170,000 direct and indirect jobs, generating approximately $361 billion during the period of the concession, and generating over $201 billion in revenue for both Lagos State and the Federal Government of Nigeria,” he said.