An expert has disclosed that the newly-completed Lekki Deep Sea Port worth $1.5 billion would spur competition and create cheaper services for Nigerians.
The Lekki Port is one of the biggest deep sea ports in West Africa. It is expected to generate $361 billion revenue for the Nigerian government, while also providing close to 200,000 job opportunities for the nation’s teeming unemployed youths.
He said the emergence of a State-owned Lekki sea port would spur competition, thereby leading to improved service delivery within the sector. “All over the world, there is a concept called the Lordland Port Ownership System, Government took over from the private sector but couldn’t manage it properly. Here the ports were concessioned to private companies.
“Dangote also has broken the jinx to have also flagged-off his own port in Lekki. The State government has stood up to their responsibility leading to serious competition. That is the beauty of the business sector.
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