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NIGERIA’S GOVERNMENT REINFORCE COMMITMENT TO LEKKI FREE TRADE ZONE
Babajide Sanwo-Olu. Executive Governor Of Lagos State completes a 2-day tour of the Lekki Free Trade Zone to reinforce government’s commitment to the development of the area. He visited Tolaram Group and Dangote Group, both are major investors in the free zone area. While visiting the area, he announced the construction of a road and rail project to complement transport infrastructure into the free zone area.
Official Statement by Gov. Sanwo-Olu (Day 1)
I was glad to hear from the Tolaram Group today, that commercial operations at the Lekki Deep Seaport in Lekki FT Zone will begin by the first quarter of 2023. I commend all stakeholders that are with us on this journey. With the level of work we have seen, I’m truly glad. It is more gratifying that we are taking up this assignment with all the energy required and we can all see what can be achieved when we work together.On completion, the port will have the capacity to berth 18,000 TEU vessels and will significantly reduce the cost of container transportation from any part of the world. I am convinced that the delivery of this project will transform the commercial architecture of West Africa and bring about a quick turnaround in the maritime sector. Lagosians will be the beneficiaries of this project as the seaport is expected to generate 170,000 direct and indirect job opportunities for residents and serve as an alternative in an effort to decongest the FG owned seaports in Apapa.
Official Statement by Gov. Sanwo-Olu (Day 2)
Today, we concluded our 2-day our of the Lekki FT Zone with a visit to the Dangote Refinery and Petrochemical Plant. With the level of economic activity along the axis, I am happy to announce that construction of the Magbon Alade Road leading into the LFTZ will begin in May.
A Green Line Rail which will also complement transport infrastructure along the corridor is already in the pipeline. For us as a Government, we are here to encourage investors and show them that we are with them.We are particularly focusing on developing critical infrastructure along this axis because we don’t want a replay of the Apapa gridlock. We are also committed to making the zone business friendly because the area has the potential to be a hub of industrialisation in the country.
I was glad to hear from the Tolaram Group today, that commercial operations at the Lekki Deep Seaport in Lekki FT Zone will begin by the first quarter of 2023.
I commend all stakeholders that are with us on this journey. With the level of work we have seen, I’m truly glad. (1/4) pic.twitter.com/dB2liBoMmI
— Babajide Sanwo-Olu (@jidesanwoolu) March 19, 2021
Today, we concluded our 2-day tour of the Lekki FT Zone with a visit to the Dangote Refinery and Petrochemical Plant.
With the level of economic activity along the axis, I am happy to announce that construction of the Magbon Alade Road leading into the LFTZ will begin in May. pic.twitter.com/jNOnhK4nKc
— Babajide Sanwo-Olu (@jidesanwoolu) March 20, 2021