2.6 C
Sunday, February 5, 2023
Home Most Visited Nigerian president opens Lekki Port, largest port in the country

Nigerian president opens Lekki Port, largest port in the country

President of Nigeria Muhammadu Buhari officially inaugurated the Lekki Deep Sea Port in Itoke village, Ibeju-Lekki, Lagos, on 23 January, while observing the offloading of the CMA CGM Mozart at the port's quay.

This US$1.5 billion project is a joint venture between the Federal Government of Nigeria, through the Nigerian Ports Authority, the Lagos State Government, the Tolarams Group (owner of the Lagos Free Zone), and China Harbour Engineering Company.

In Lagos, the country's president also inaugurated the Imota Rice Mill, conceptualised and completed by Governor Babajide Sanwo-Olu of Lagos State as well as the Bestaf Lubricant at MRS Holdings Company Limited. The 200m litre lubricant plant, which covers the whole value chain of lubricants, is the first of its kind in West Africa, according to a statement.

Muazu Sambo, Nigeria's minister of transportation, highlighted the project as one of the administration's significant legacies, saying that when operations begin, over 170,000 jobs will be generated.

”It is estimated that the overall economic benefits will reach more than US$360 billion, becoming a new engine of economic development that will empower the southwest region and the whole country,” stated Ciu Jianchun, Chinese ambassador to Nigeria.

Jianchun noted that the port is the number one deep-sea port in West Africa, as well as one of the most modern and efficient ports in Sub-Saharan Africa.

Latest Posts

Virginia Inland Port gets all operational power needs from clean-energy resources

Virginia Inland Port (VIP), an intermodal container transfer facility in Front Royal, Virginia (Warren County) owned by the Virginia Port Authority, is fulfilling all...

Kalmar, Holmen Iggesund extend cooperation agreement for three years

A three-year collaboration deal that was first signed in 2019 between Holmen Iggesund, a member of the Holmen Group, and Kalmar has been extended. The...

CMA CGM becomes official partner of Paris 2024 Olympic and Paralympic Games

The CMA CGM Group will make its expertise available to Paris 2024, by handling the transport and logistics for all the goods, equipment, and...

MSC announces temporary suspension of Beira – Zimbabwe rail service

MSC announced that the through Bill of Landing (TBL) rail service to/from Bulawayo, Harare and Mutare to/from Beira will be temporarily suspended with immediate...

Drydocks World, Aker Solutions join forces to upgrade production at UK’s Rosebank oil and gas field

A joint venture was established by DP World-owned Drydocks World and Aker Solutions to refurbish a floating production storage and offloading (FPSO) vessel for...