close
Monday, March 14, 2022

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
Minister of Transportation, 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)

More from Peoples Gazette

Economy

Buhari regime will continue to borrow without subsidy removal: Femi Adesina

“You know how much could have been saved if the subsidy was removed and how it could have been diverted to other areas and spheres of national life.

NDLEA/Abba Kyari

Anti-Corruption

Alleged drug trafficker Abba Kyari seeks bail

The National Drug Law Enforcement Agency (NDLEA)’s counsel, Joseph Sunday, a Prosecution and Legal Services director, opposed the bail application.

Ifeanyi Ugwuanyi

Politics

Enugu 2023: Uzo-Uwani leaders pledge support for Ugwuanyi

“Governor Ugwuanyi is not called a man of peace for nothing. He has a very active conscience, and he does not believe in injustice.”

World

Mongolia launches movement against alcoholism

One of the main causes of divorce and domestic violence in the country is alcoholism.

Vehicles queue for petrol

Politics

FG’s claim Nigeria consumes 70 million litres of petrol fraudulent: Saraki

“We cannot be consuming more than 30 million to 40 million litres and it is obvious there is racketeering in the oil sector.”

APC Flag

Politics

Group endorses Saliu Mustapha as best APC chairmanship candidate

“It is someone like him that APC needs at this time to unify all the tendencies in the party as well as protect its interest.”

Huspuppi and Kyari

Anti-Corruption

Abba Kyari: Police investigation inconclusive, says AGF Malami

“It was clear that the conclusion on the alleged contradiction on the issue was a clear case of misconception.”