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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

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    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    One Direction Star Liam Payne Dies after Hotel Balcony Fall

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Why Lekki Deep Seaport Would Be Lasting Solution to Apapa Congestion – Sanwo-Olu

by Eucharia Egwuma
April 19, 2021
in Business, Lagos News
Reading Time: 1 min read
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Why Lekki Deep Seaport Would Be Lasting Solution to Apapa Congestion – Sanwo-Olu
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The Lekki Deep Seaport, which is slated for completion next year, would redirect cargo traffic from the over-congested Apapa ports in Lagos, housing several hundreds of containers and tankers.

Lagos State Governor, Babajide Sanwo-Olu, yesterday, amid an interview with Channels Television, noted that while the electronic call-up system helped to lessen the Apapa congestion by reducing container-trucks traffic, it was unable to solve the oil tankers’ which are also housed within the same seaport.

Sanwo-Olu said that the Lekki deep seaport is currently 50 percent complete and would become a lasting solution to the congestion issue at Apapa ports.

The Lekki deep seaport is currently being constructed by China Harbour Engineering, a subsidiary of China Communications Construction Company.

When complete, the Lekki deep seaport will be able to accommodate the top-rated “ultra large” ships able to transport more than 14,500 containers.

The first phase of the port, whose $1.5bn cost is being part-financed by a $629m loan from the China Development Bank.

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