Nigeria targets over N201B in revenue from Lekki deep sea port

The Minister of Information, Alhaji Lai Mohammed, has said the Lekki Deep Sea Port when completed would make Nigeria regain the maritime business that it lost to ports in Togo, Cote d’Ivoire and Ghana.

According to the Minister, it would also be a big boost for Nigeria in its quest to take advantage of the implementation of the African Continental Free Trade Agreement (AfCFTA).

The minister who said this during a tour of the Lekki Deep Sea Port, also estimated that over $201 billion in taxes, royalties and duties would be generated for the Nigerian government when the port commences operations in the fourth quarter of 2022.

He said the aggregate impact of the Lekki Deep Sea Port put at $361 billion in 45 years would be over 200 times the cost of building the port.

According to him, the deep sea port would be a game changer because of the impact it would have on the nation’s economy when completed.