History as Buhari Inaugurates $1.5bn Lekki Deep Sea Port, Witnesses First Cargo Ship Offloading – THISDAYLIVE

•Chinese envoy says it’s sign Nigeria’s investment climate can be trustedDeji Elumoye in Abuja, Eromosele Abiodun, Segun James, Peter Uzoho, Gilbert Ekugbe and Oluchi Chibuzor in Lagos

Speaking at the occasion, Sanwo-Olu said, “Mr President, we are happy this is happening in your time. It all started in your time and it’s been completed in your time. The minister stated, “The very fact that the letter of intent between the proponents of Lekki Deep Seaport and its financial partners was signed as recently as April 2019 and by January 2023 the wide-ranging impact project is already being commissioned is a testament to the tenacity of purpose of the Federal Ministry of Transportation through the Nigerian Ports Authority.”

Sambo described the project as one of the major legacies of the Buhari administration, adding that over 170,000 jobs would be created as operations commence. He added, “The government doesn’t need to worry about the existence of guarantees or debt risks. It also shows that the investment climate in Nigeria can be trusted. We have every reason to be confident in Nigeria’s future development.”

Adesugba stated, “We are ready to lead in partnering with agencies at national and sub-national levels and the private sector to provide the needed support for this investment to thrive. Bello-Koko said, “Therefore, economics of scale would set in and we believe that the cost of doing business in this country will be lower compared to other countries and it will also provide employment opportunities and it will be more efficient. It will also be a model for other upcoming deep sea ports in Nigeria.”

Executive Secretary, Nigerian Shippers Council , Emmanuel Jime, said the council had the responsibility of monitoring and ensuring that there was efficacy of service at the port. The port is Nigeria’s first deep seaport and is equipped with 13 quay cranes for a capacity of 2.5 million TEUs on a 1.2 kilometre quay with a depth of 16 meters, it will operate vessels with a capacity of up to 15,000 TEUs and become one of the largest in West Africa.

But Sanwo-Olu, who made a short speech explaining why Buhari did not deliver an address at the event, said the Bestaf facility was the third commissioning exercise performed by the president that same day. The governor said the president had a very busy itinerary for the day.

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