The new port of Lekki, which is expected to come into operation in 2016 in the State of Lagos, is expected to contribute not less than N31.15 trillion (US$20 billion), according to the managing director of the Lekki Port Enterprise, Haresh Aswani.
He said that in addition to bridging the capacity deficit, Lekki Port will have significant positive macroeconomic impact estimated at USD 361 billion over the entire concession period.
The new port of Lekki, which is expected to come into operation in 2016 in the State of Lagos, is expected to contribute not less than N31.15 trillion (US$20 billion), according to the managing director of the Lekki Port Enterprise, Haresh Aswani.
He said that in addition to bridging the capacity deficit, Lekki Port will have significant positive macroeconomic impact estimated at USD 361 billion over the entire concession period.
“It is expected to contribute more than USD200 billion to the government purse, while also creating close to 163,000 new jobs in the economy. Furthermore, Lekki Port will spur the economic development around the Lekki sub-region and on a wider perspective, the whole of Lagos State through rapid industrialisation.”
Aswani said that the Lekki Port, conceptualised as a multi-product industrial and logistics hub, would spread across 90 hectares of land and would be built at an estimated cost of $1.55 billion.
He said that the deep-sea port, which is to be located 65 km east of Lagos Mainland and is intended as the gateway to the West African region, would be one of the most efficient and modern maritime facilities that would cater to liquid and dry bulk cargo. Source – allafrica.com
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