Construction work on Lekki Deep Sea Port, the biggest seaport in Nigeria has been completed, a major step toward the country breaking through a bottleneck in international trade and achieving accelerated economic growth.
According to China Harbour Engineering Co, the port’s builder, Lekki Deep Sea Port, with a berthing depth of 16.5 meters, and a total investment of $1 billion, is the first deep seaport in Nigeria and will be able to handle 1.2 million containers annually, increasing the country’s container handling capacity by up to 80%.
Currently, Nigeria relies on two old, overcrowded ports whose shallow waters are unable to dock larger vessels, greatly restricting the scale of imports and exports.
Babajide Sanwoolu, executive governor of Lagos State says the seaport will directly benefit local communities by creating nearly 200,000 jobs for locals and generating enormous revenue in the coming decades.
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