Features:
Land Area: 90 Hectares
Concession Term: 45 years
First Deep Sea Port in Nigeria
Deepest Port in W/Africa
A multipurpose Port: Has 3 Container berths, 3 Liquid and 1 Dry Bulk Berth.
Concession Model: Build, Own, Operate and Transfer (BOOT) 2/4
Cost/Revenue/Economic Impact
Project Cost: $1.5 billion assets, $800m on construction on all Phases.
Economic impact: $361 billion (Revenue from duties, royalties, taxes $201bn, Direct/Indirect business impact: $158bn).
Jobs: Over 169,000 Direct/Indirect. 3/4 employment.
Shareholding;
FGN: 5%
Lagos Govt.: 20%
Lekki Port Investment Holding Inc.: 75%
Special Purpose Vehicle (SPV- Lekki Port LFTZ Enterprise Limited).
The Federal Executive Council under the regulatory guidance of @icrcng approves construction/ management of 9 highway Corridors as part of the Highway Development and Management Initiative (HDMI) of @FMWHNIG .
1, 374km highway to be constructed. N11.54trn revenue expected 1/4