Approval for new Nigerian port

Plans for the new Lekki deep-water port some 65 kilometres east of the Nigerian capital in the Lagos Free Trade Zone have moved a step further with the completion of a due diligence process by the Nigerian Ports Authority (NPA). The US$1.5-billion harbour will be developed as a public private partnership project between the federal government, Lagos State Government (LASG) and the Singapore-based Tolaram Group. Tolaram owns the Lagos Free Trade Zone Company (LFTZ), which is being developed as a “multiproduct and logistics hub for the entire West African region,” says the company. The port will cater for containerised, liquid and dry bulk cargo. No firm deadlines for the start of construction have been released.