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.