The President Goodluck Jonathan’s government, on Wednesday, approved the Lekki deep sea port estimated at over N200B or 1.354b US Dollars.
The Lekki deep sea port, which would be the first ever in Nigeria has been on the drawing board for several years now, and had received anticipatory approval about ten years ago.
Briefing journalists after the weekly Federal Council meeting which was presided over by Vice President Namadi Sambo, the information minister and Supervising Minister of Defence, Labaran Maku alongside the Minister of Transport, Idris Umar, said the port, which is expected to be completed in about four years, will put an end to the present congestions at the various ports in the country including the Apapa port.
“The Current administration, seeing the huge benefit of the project, had taken over the project to be executed under a PPP arrangement, while federal government also renegotiated the concessionary period in favour of Nigeria from 50 down to 45 years,” Maku said. – Hope For Nigeria