Join The Club
Ports
Port of Rotterdam’s Throughput Falls Amid Global Tensions
Europe’s busiest port, the Port of Rotterdam, saw a decline of 1.4% in its total throughput in the first quarter of 2024 compared to last year. In total, the port...
A view shows the newly-commissioned Lekki Deep Sea Port in Lagos, Nigeria, January 23, 2023. REUTERS/Temilade Adelaja
‘Game Changer’: Nigeria Opens New Deep Sea Port in Lagos
By Seun Sanni
LAGOS, Jan 23 (Reuters) – Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country’s ports and help it become an African hub for transshipment, handling cargoes in transit for other destinations.
President Muhammadu Buhari has made building infrastructure a key pillar of his government’s economic policy, and hopes that this will help his ruling party win votes during next month’s presidential election.
The new Lekki Deep Sea Port is 75% owned by the China Harbour Engineering Company and Tolaram group, with the balance shared between the Lagos state government and the Nigerian Ports Authority.
“This is a transformative project, game changer project. This project could create at least 200,000 jobs,” Chinese Ambassador to Nigeria Cui Jianchun told Reuters after the port was commissioned by Buhari.
China is among the largest bilateral lenders to Nigeria and has funded rail, roads and power stations.
(Writing by MacDonald Dzirutwe; Editing by Jan Harvey)
(c) Copyright Thomson Reuters 2023.
Unlock Exclusive Insights Today!
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Be the First
to Know
Join the 105,959 members that receive our newsletter.
Have a news tip? Let us know.
Related Articles
Ports
Record-Breaking Month for Ro/Ro Cargo at Georgia’s Port of Brunswick
Colonel’s Island Terminal at the Port of Brunswick in Georgia has set a new record in March, handling 77,236 units of Roll-on/Roll-off (Ro/Ro) cargo. This figure represents a 21 percent...
Ports
Port of Los Angeles Eyes Continued Momentum as Container Volumes Surge
The Port of Los Angeles reported a 19% increase in container units handled in March, marking the eighth consecutive month of year-over-year growth. The port processed 743,417 TEUs in March,...
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
