Lekki Deep Seaport will transform Nigeria’s economy, says MD, NPA

Caption L-R: MD Lekki Deep Seaport, Mr Haresh Ascoani, showing the MD NPA, Habib Abdullahi, the prototype of the Lekki industrial city, while the General Manager, capital projects NPA, Engr. Mohammed and PA Admin to the MD NPA, Mr Yakassai, watch during the visit   

The Managing Director of the Nigerian Ports Authority (NPA) Mallam Habib Abdullahi, says the Lekki Deep Seaport project is an example of the Public Private Partnership [PPP] success story that will transform Nigeria’s economy into global recognition.
A statement by the Assistant General Manager, Public Affairs of the NPA, said Abdullahi made the assertion at the premises of the port in Lekki at the weekend in a crucial meeting with core investors.

  He was also said to have described the project as a game changer and a catalyst to the Nation’s economy in view of the number of businesses that the port will attract when fully operational.

Mallam Abdullahi expressed satisfaction with the arrangement for the takeoff of the project in April 2015.
He also assured stakeholders that as an investor and technical regulator, the Authority was committed to the project actualization as it could make Nigeria a hub port in West Africa.

He added further; ‘’ the total amount of our equity is $118 Million [One Hundred and Eighteen million Dollars and as at last year, we have paid N1billion [One billion Naira and for 2015, we are making effort to pay up what is due to us.

“I cannot say anything because it is still with the Senate. But we have made arrangements with the group that we will pay accordingly until the end of the year,’’ he said.

Earlier in a welcome address, the Managing Director of Lekki Deep Seaport, Mr Haresh Ascoani told NPA Managing Director that the project will transform the Lekki Free Trade Zone into a new industrial city in Nigeria when it becomes operational.

 Ascoani disclosed that the Lekki Deep Seaport would be the deepest seaport in West Africa and second in Africa after South Africa’s  deep seaport, adding that the port would drive Nigeria’s economy, create more jobs and attract investment worth over $25B[Twenty five Billion Dollars].

He told the Managing Director that the China Construction Company would commence construction of the port by April and that the promoters of the port, Tolaram Group were working with the Lagos State Government and the Federal Ministry of Works on how to build additional roads to ease traffic in the area when the port becomes operational.