At Lekki Port LFTZ Enterprise Ltd. (LPLEL), the promoter of the Lekki Deep Sea Port, said the port would boost Nigeria’s Gross Domestic Promote (GDP) and facilitate trade volumes.
The Managing Director of LPLEL, 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 benefits of the port were enormous.
Mr. Ruogang described the port as a game-changer that will redefine maritime activities in Nigeria and the entire West African sub-region.
He highlighted other benefits to include; improving external trade competitiveness through improved port efficiency, cost-effective port operations and services, and better turnaround times for cargo handling and clearance.
He also noted benefits such as reducing delays in the supply of raw materials and equipment, reducing import costs and expenses, such as demurrage, etc.
“With the Port of Lekki, Nigeria will witness the growth of maritime traffic and global trade and strengthen its connectivity and ability to provide efficient and reliable services.
“Lekki Port, of course, will be a critical engine that will drive the Nigerian economy when it starts operations. I am also confident that it will help strengthen Nigeria’s status as a regional maritime hub and allow many related industries to flourish,” he said.
Chief Executive Officer of Lekki Freeport Terminal, operated by CMA Terminals, a subsidiary of CMA CGM Group, Denrick Moos, said the facility will be a new generation container terminal, a game changing infrastructure in Nigeria and West Africa in addition to a state-of-the-art infrastructure.
The port is Nigeria’s first deep sea port and is equipped with 13 quay cranes with a capacity of 2.5 million TEUs (Twenty Foot Equivalent Units) on a 1.2 kilometer wharf with a width of 16 meters, will operate vessels with a capacity of up to 15,000 TEUs and be one one of the largest in West Africa.
“Through the new container terminal at Lekki Port, CMA CGM Group will further expand in Nigeria, the continent’s largest economy and population, and the most important consumer market in West Africa and will integrate Africa’s global shipping and logistics network.
“Committed to supporting the supply chain of customers in Nigeria and West Africa with a comprehensive range of shipping and logistics solutions, CMA CGM Group is also involved in strengthening the logistics and port infrastructure in the region through significant investment as a global port operator with its subsidiary CMA. Terminal ,” he said.
Also speaking at the event, Governor Babajide Sanwo-Olu said the project is a great testimony to his administration’s commitment to support the provision of the necessary infrastructure that will improve the economic fortunes of Lagosians by providing thousands of jobs to the people and impacting them. live positively.
The Chairman of Lekki Port, Biodun Dabiri, expressed his deep gratitude to President Buhari and his team for giving them all the necessary support to make the project a reality.
He stressed that the management of the port is working around the clock to make the port operational as soon as possible.
“We owe a great debt for this success to the visionary leadership of President Buhari, who provided the necessary support to make the project a reality and appreciate Governor Sanwo-Olu, and all other stakeholders for their role in the actualization of the Port. .
“For us, we will continue to be a willing partner to achieve significant economic growth by investing in Nigeria,” Dabiri said.
The News Agency of Nigeria (NAN) reports that Lekki Port LFTZ Enterprise Limited (LPLEL) is a joint venture company owned by a foreign promoter, Lekki Port Investment Holdings Inc (which includes China Harbor Engineering Company Ltd. and Tolaram), Lagos State Government. , and the Federal Government.
LPLEL is incorporated under the Companies & Allied Matters Act regime and is licensed by the Lagos Free Zone to operate in the Free Zone under the NEPZ Act. This opens up many benefits for Lekki Port in terms of taxes, duties and other incentives.
Lekki Port is a multipurpose Deep Sea Port in the heart of the Lagos Free Trade Zone, one of the most modern ports, supporting the growing trade in Nigeria and the entire West African region. (NAN)
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