Buhari inaugurates over $1.5b Lekki Deep Sea Port in Lagos

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Buhari inaugurates over $1.5b Lekki Deep Sea Port in Lagos
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President Muhammadu Buhari on Monday officially inaugurated the Lekki Deep Sea Port located in Itoke village, Ibeju-Lekki, Lagos, observing the offloading

DAILY POST reports this in a statement on Monday by the Special Adviser to the President , Femi Adesina.

On Tuesday, the President will inaugurate the historic first Phase of the Blue Line of the Lagos Rail Mass Transit in Marina and the John Randle Centre for Yoruba Culture and History at Onikan roundabout. ”We are excited that in your own time, something fresh has been birthed in this country and it is going to generate thousands of direct and indirect jobs.”

”With Seaports being under the exclusive legislative list, the Nigerian Ports Authority’s provision of a sinking fund for Lekki Deep Seaport Federal Government’s equity contribution gave this project the necessary statutory cover and financial guarantee in line with the law. ”This project is a joint venture between China, Nigeria and Singapore, and is run by a French company. The model of ‘five parties from four countries’ is a way of taking advantage of the wisdom and strength of all parties.”

”It is estimated that the overall economic benefits will reach more than 360 billion USD, becoming a new engine of economic development that will empower the southwest region and the whole country.”

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