Lekki Port To Grow Nigerian Trade Volume, Increase GDP

The Lekki Port LFTZ Enterprise Ltd. (LPLEL), promoter of the Lekki Deep Sea Port, says the port will boost Nigeria’s Gross Domestic Promote (GDP) and facilitate trade volume.

The Managing Director of LPLEL, Mr. Du Ruogang, said this while addressing the media during the official inauguration of the Lekki Port by President Muhammadu Buhari on Monday.

He said the macro-economic benefit of the port is enormous.

Ruogang described the port as a game-changer that would redefine maritime activities in Nigeria and the entire West African sub-region.

He highlighted other benefits to include; improvement of external trade competitiveness through improved port efficiency, cost-effective port operations and services, and improved turnaround time for cargo handling and clearance.

He also listed the benefits as reduction in delays in the supply of raw materials and equipment, reduction in costs of importation and charges, such as demurrage, among others.

“Lekki Port, no doubt, will be a critical engine that will drive the Nigerian economy upon commencement of operations. I am equally confident that it will help to reinforce Nigeria’s status as a regional maritime hub and enable many related industries to flourish,” he said.

“The Port is Nigeria’s first deep sea port and is equipped with 13 quay cranes for a capacity of 2.5 million TEUs (Twenty-Foot Equivalent Units) on a 1.2 kilometre quay with a depth of 16 meters, it will operate vessels with a capacity of up to 15,000 TEUs and become one of the largest in West Africa.

“Through the new container terminal at Lekki Port, the CMA CGM Group will further develop its presence in Nigeria, the continent’s largest economy and population, and the most important consumer market in West Africa and will consolidate its African global shipping and logistics network.

“Committed to supporting its customers’ supply chains in Nigeria and West Africa with a comprehensive range of shipping and logistics solutions, the CMA CGM Group also participates in strengthening the region’s logistics and ports infrastructures through significant investments as a global port operator with its subsidiary CMA Terminals,” he said.