shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Lekki Deep Seaport To Boost Non-Oil Revenue — NEPC

Lekki Deep Seaport To Boost Non-Oil Revenue — NEPC

by Joshua
January 27, 2023
in Featured, News

The Nigerian Export Promotion Council (NEPC), says the recently commissioned Lekki Deep Sea Port is expected to boost Nigeria’s non-oil export.

The Executive Director/CEO of NEPC, Dr Ezra Yakusak said that the development came on the heels of tremendous performance recorded in the non-oil export sector in 2022.

A statement issued on Thursday by Ndubueze Okeke, Head, Corporate Communications NEPC, quoted Yakusak as saying that the sea port would further ease the perennial congestion at the Apapa Ports.

“This development comes on the heels of the tremendous performance recorded in the non-oil export sector in 2022 in which the sector recorded a significant result of 4.820 billion dollars in 2022 representing an increase of 39.91 per cent over 2021.

“The Lekki Deep Sea Port will not only provide jobs, directly and indirectly along the value chain but will further ease the perennial congestion at the Apapa Ports and thereby enhance the export drive of the country.

“It will also guarantee seamless trade facilitation.

“Having been designated a Customs port, all is now set for commercial vessels to berth and clear cargo at the port which is reported to be the country’s first Deep Sea Port and first fully automated as well,’’ Yakusak said.

He explained that the Lekki deep sea port domiciled within the Lekki Free Trade Zone (LFTZ), would further create an enabling environment for business and commercial activities to thrive.

According to Yakusak, this is particularly for the export of Nigerian products as it will play a strategic role in promoting international trade and sustainable economic growth for the country.

“The commissioning of the Lekki Deep Seaport is strategic and very key to the development and promotion of export trade”

“Indeed, it will ease the supply chain constraints and enhance logistics given the vital role of logistics in facilitating the transportation of goods to the international market.

“It is also a major source of foreign exchange earnings,” he said.

Yakusak said that about 214 different products ranging from manufactured, semi-processed, solid minerals to raw agricultural products were exported in 2022.

He said that 19 exit points were used with Apapa Port recording the highest tonnage of exports.

Yakusak commended President Muhammadu Buhari for providing the political will to execute the project in collaboration with other stakeholders.

He said that the project was expected to add about 361 billion dollars to the economy.

The project is a joint venture between the Nigerian Ports Authority (NPA) and the Lagos State Government, Tolarams Group (owners of the Lagos Free Zone) and China Harbour Engineering Company.


Related Posts

Nigeria’s Maritime Territory Expansion Bid Will Be Achieved Without War, Litigation – Buhari

Buhari Saves $500m Yearly By Reducing Ships Waiting Time From 45 To 3 Days- Organisation

March 29, 2023
NIMASA, MWUN Pledge Commitment To Maritime Labour

NIMASA, MWUN Pledge Commitment To Maritime Labour

March 29, 2023
Oil Theft: Investigative Panel Submits Report To NSA

Oil Theft: Investigative Panel Submits Report To NSA

March 29, 2023
Afreximbank Grants  $350,000 Fund For Nigeria To Develop Inland Waterways

Afreximbank Grants  $350,000 Fund For Nigeria To Develop Inland Waterways

March 29, 2023

Latest News

Nigeria’s Maritime Territory Expansion Bid Will Be Achieved Without War, Litigation – Buhari

Buhari Saves $500m Yearly By Reducing Ships Waiting Time From 45 To 3 Days- Organisation

March 29, 2023

NIMASA, MWUN Pledge Commitment To Maritime Labour

Oil Theft: Investigative Panel Submits Report To NSA

Afreximbank Grants  $350,000 Fund For Nigeria To Develop Inland Waterways

Magistrate’s Absence Stalls Arraignment Of 2 Top OGFZA Officials For Alleged Forgery

Customs Seizes Fake Drugs, Vegetable Oil, Machetes At Onne Port, Rivers

Pirates Take Over Liberia-Flagged Oil Tanker In Gulf Of Guinea

Nigeria’s Unsold Crude Glut: What’s Behind It?

Chair Reps Committee On Customs Joins Kogi Governorship Race, Picks ADC Forms

Bangladesh Receives $22.48 Million In Compensation For Ship Hit By Missile In Ukraine

ITF Launches Inspection Barrage Targeting Substandard Shipping in Med

ONE Orders 10 Ammonia/Methanol-Ready Boxships Continuing Expansion

kindly like our Facebook page

Health

REAL LIFE EXPERIENCE:  Making Progress Despite Sickle Cell: My Story
Health

REAL LIFE EXPERIENCE: Making Progress Despite Sickle Cell: My Story

March 13, 2023

By Tola Dehinde I know since the beginning of the year I’ve been sharing stories of people living with sickle...

Health Benefits And Side Effects Of Bitter Kola

Health Benefits And Side Effects Of Bitter Kola

March 13, 2023
Health Benefits Of Cashew Nuts For Women

Health Benefits Of Cashew Nuts For Women

March 6, 2023
Daily Walking Could Prevent One In 10 Early Deaths —Study

Daily Walking Could Prevent One In 10 Early Deaths —Study

March 6, 2023
Be Warned: Study Links Heavy Drinking To Increased Risk Of Dementia

Be Warned: Study Links Heavy Drinking To Increased Risk Of Dementia

March 6, 2023
5 Powerful Health Benefits Of Cashew Nuts For Men And Women

5 Powerful Health Benefits Of Cashew Nuts For Men And Women

February 27, 2023
Role Of IVF, Fertility Drugs In Conception Of Twins

Role Of IVF, Fertility Drugs In Conception Of Twins

February 27, 2023
WHO Warns As Marburg, Mpox Spread Across Africa

WHO Warns As Marburg, Mpox Spread Across Africa

February 27, 2023
Take Care Of Your Heart, CMD Urges Nigerians

Take Care Of Your Heart, CMD Urges Nigerians

February 20, 2023
The Health Benefits Of Pawpaw That Will Blow Your Mind

The Health Benefits Of Pawpaw That Will Blow Your Mind

February 20, 2023

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition