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Jan 23, 2023 4 tweets 4 min read Read on X
@MBuhari, the @NGRPresident Commissions the @LekkiPort, a Major success story for #PublicPrivatePartnerships in Infrastructure Development in Nigeria under the regulatory Guidance of the @icrcng

Over $361bn economic impact expected in 45 years.

Key Features, Benefits: 1/4 Image
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).

@ohianiking
@nigerianports, @nimasaofficial @NafdacAgency @CustomsNG @nigimmigration @ndlea_nigeria @toluogunlesi @PoliceNG

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More from @icrcng

Jan 19, 2023
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
Approved routes/Concession Term/Revenue:

1: Benin-Asaba, 125km; 25-year term, N1,588,774,183,303.
2: Abuja-Lokoja, 195km; 25-year term, N1,762,597,600,000
4: Onitsha-Owerri-Aba, 161.2km; 25-year term, N706,129,383,000
5. Shagamu–Benin, 258km; 25-year term, N2,049,036,914,300
2/4
6. Abuja-Keffi-Akwanga, 175.9km: 25-year term, N540,568,857,116 revenue.
7A Kano-Shuari, 100km; 27-year term, N813,463,452,806 revenue.
9. Enugu–Port Harcourt, 200km; 25-year term, N1,154,416,153,000.
11. Lagos-Ota-Abeokuta, 80km; 25-year term, N1,575,841,857,561 income. 3/4
Read 4 tweets

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