Governor Babajide Sanwo-Olu says the Lekki Deep Seaport will be ready in 2023 as he urges manufacturers and industrialists to take advantage of the state’s economic policies and incentives.

“The Lekki Deep Seaport, when completed and operational in the third quarter of 2023, will be the most modern port in West Africa,” the governor disclosed.

Mr Sanwo-Olu stated this in a statement issued by Kayode Oyekanmi, Director, Public Affairs, Ministry of Commerce, Industry and Cooperatives (MCIC) on Thursday.

He spoke at the maiden edition of the Lekki Peninsula Region Conference and Expo 2021 organised by the MCIC in collaboration with Lekki Development Ventures.

Mr Sanwo-Olu, represented by Lola Akande, Commissioner, MCIC, said the conference aimed to unveil the commercial and industrial opportunities and government incentives to attract and support investment in the Lekki axis.

He noted that the Lekki region was demarcated geographically to diversify the economy of Lagos and Nigeria through the establishment of the Lekki Free Zone.

The governor further stated that there existed facilities and preferential policies for prospective investors in the Lekki Free Zone, including the permission to sell 100 per cent of manufactured, assembled or imported goods in the Nigerian domestic market.

“There are also 100 per cent foreign ownership of investments, 100 per cent repatriation of capital, profits and dividends as well as waivers on all imports and exports and imports licenses; waiver on all expatriate quotas for companies operating in the Lekki Free Zones,” said Mr Sanwo-Olu. “These two projects are strategic as they will further open up the Lekki axis and unlock huge opportunity for investments and general development of the region.”

(NAN)