Friday, July 10, 2026

Lekki deep seaport will contribute $360 billion to GDP: Amaechi

The minister explained that the project, when completed, would create more economic activities and jobs for teeming youths.

• March 13, 2022
Transportation Minister Rotimi Amaechi
Rotimi Amaechi

The Minister of  Transportation, Rotimi Amaechi, on Sunday, said that the Lekki deep seaport would contribute about $ 360 billion to Nigeria’s Gross domestic product.

Mr Amaechi, who spoke while inspecting the project on Saturday in Lagos, said the amount is though not enough to accomplish what is needed.

”The growth of the economy will put pressure on the expansion of the project.

”The argument we have in cabinet is that the need for Lekki is as a result of the fact that the demand for port activities has exceeded the supply of Tin Can and Apapa ports around Lagos,” he said. 

The minister explained that the project, when completed, would create more economic activities and jobs for teeming youths among other things.

Mr Amaechi stated that measures were in place to ensure the ports were automated and of international standard.

”Everything is automated, from the gate till you get here. So you will see something close to what you have in DP wall in Dubai and what you have in Singapore,” he said.

He also noted that the seaport will begin full commercial activities in September.

The seaport, which is the first in Nigeria, would help decongest the Tin Can and Apapa Ports to evacuate laden containers.

The Lekki Deep Seaport Port, which is being constructed on 90 hectares of land, is based on build, own, operate and transfer arrangement.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Federal Competition and Consumer Protection Commission (FCCPC)

Economy

Court clears FCCPC to investigate air ticket pricing complaints

Mr Bello said investigating consumer complaints was fundamentally different from regulating prices.

States

National Cash Transfer: 1,908 vulnerable residents receive debit cards in Edo

The initiative is in collaboration with the Federal Ministry of Humanitarian Affairs and Poverty Reduction, the World Bank, and the National Cash Transfer Office.

Africa

Rwanda spent $32 million on fuel subsidies in four months: Minister

He said the subsidies were to shield consumers and businesses from surging oil prices triggered by the conflict in the Middle East.

Heading 3

FG to integrate 80 million Nigerian students into NIMC database

He said the ministry had integrated the National Learners’ Identification Number (LIN) with the NIN through the Nigeria Education Management Information System (NEMIS).

Badagry Road

Lagos

LCDA unveils plan to reconstruct motor park in Badagry

The LCDA chairman said the reconstruction aimed to reposition the Morogbo market into a modern commercial hub.

Africa

Uganda: UN says no new Ebola cases reported in 17 days 

The UN said Uganda has not recorded new Ebola cases in 17 days.