- $1.5 billion Lekki port built by China Harbor Engineering Co
- Will be West Africa’s biggest port, cut waiting times offshore
Nigeria is betting a deep sea port set to open early next year will help revive an economy grappling with soaring inflation, stagnating growth and slumping foreign investment.
Cargo ships currently wait as much as a month offshore before unloading cargo in Lagos, Nigeria’s commercial hub. But the planned opening in March of the Lekki Deep Sea Port, on the eastern edge of the city, has the potential to slash cargo wait times to two days, Mohammed Bello-Koko, managing director of Nigerian Ports Authority, said in interview. “It changes everything because Lekki will be faster, it has more space, and it is more modern,” Bello-Koko said.