December 2, 2022

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FG hopes a Deep-Sea Port will ease cargo congestion


Nigeria hopes {that a} new a deep-sea port set to open early subsequent yr will finish maritime congestion and assist enhance an economic system grappling with hovering inflation, stagnating progress and slumping international funding.

Cargo ships in Africa’s largest economic system presently wait as a lot as a month offshore earlier than unloading in Lagos, Nigeria’s industrial hub.

However the deliberate opening in March of the Lekki Deep Sea Port, on the jap fringe of the town, has the potential to slash wait instances to 2 days, Mohammed Bello-Koko, managing director of Nigerian Ports Authority, mentioned in an interview.

“It modifications every little thing as a result of Lekki might be quicker, it has more room, and it’s extra trendy,” Bello-Koko mentioned.

The primary part of the $1.5 billion mission could have a capability of 1.2 million 20-foot containers, greater than double the capability of the nation’s present ports.

Inefficiency, corruption, decaying infrastructure and congestion on the Lagos ports have led to cargoes certain for Nigeria being diverted to Ghana and Togo, costing billions in misplaced revenues and elevating native costs. The Lekki port will reverse the development, Bello-Koko mentioned.

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