#LekkiDeepSeaPort: 10 Facts You Should Know About The Lekki Deep Sea Port

#LekkiDeepSeaPort: 10 Facts You Should Know About The Lekki Deep Sea Port—-Below are 10 facts you should know about the Lekki Deep Sea Port which was commissioned by President Muhammadu Buhari in Lagos yesterday, January 23, 2023.

President Buhari has officially commissioned the $1.5 billion LekkiDeep Sea Port , it spans over 600 meters with the capacity to take over 16,000 standard containers.

President Buhari commissions the Lekki Deep Sea Port

This online news platform gathered that Lagos Governor, Jide Sanwo-Olu writing about the project on Twitter said the “projects will cement Lagos’s status as one of the largest economies in Africa. The $1.5 billion Lekki Deep Sea Port is a game changer spanning over 600 meters with the capacity to take over 16,000 standard containers.”

10 Facts You Should Know About The Lekki Deep Sea Port

10 Facts You Should Know About The Lekki Deep Sea Port

1.  With a depth of 19 meters, equipped with the best-in-class facilities that provide large volume shipping operations and terminalling services, the LekkiDeepSeaPort is the deepest seaport in Nigeria.
2. The seaport will generate approximately $20b in employee salaries.
3. The Container Terminal at the new LekkiDeepSeaPort consists of 3 berths, a 1,200m long quay, and a storage yard with over 15,000 ground slots. They, all together, support a throughput of 2.7 million TEUs annually i.e. 2.7 million 20-foot containers.
4. The Lekki Deep Sea Port is located approximately 65 kilometers east of Lagos, spreading over 90 hectares of land bordered on the South by the Atlantic Ocean.
5. It is the one of the biggest seaports in sub-Saharan Africa.
6. The port has an estimated multiplier effect of more than 230 times the total project cost, boosting Lagos State and Nigeria’s economic growth and development in the process.
7. Over 170,000 jobs will be created from port operations alone.
8. It was developed within the Lagos Free Trade Zone by the Lekki Port LFTZ Enterprise Limited (LPLEL), a Special Purpose Vehicle licensed under the Nigeria Export Processing Zone (NEPZ) Act.
9. An estimated $201b Revenue will accrue from the the LekkiDeepSeaPort for State and Federal Agencies from taxes, royalties, and duties.
10. The port’s qualitative impact on the Maritime, Manufacturing, Trade and Commercial Services Sector is an estimated business revenue impact of US$ 158 billion across the value chain.