Nigeria's Lagos Deep Seaport to Begin Operations in 2023 – BNN

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Mar 20, 2021

Emele Onu, Bloomberg News
Cargo ships are docked at the Apapa Sea Port in Lagos. Nigerian gross domestic production will ease from the estimated rate of 6.9 percent for 2014, according to the IMF’s most recent outlook published in October. , Emele Onu
(Bloomberg) —
Nigeria’s deep seaport in Lagos, which will allow bigger vessels to dock and help ease congestion, plans to start operations in 2023, according to Babajide Sanwo-Olu, governor of Lagos State.
Congestion at the country’s biggest port in Apapa, which handles about 80% of shipping activities, has hampered the easy movement of cargo from the seaport to the rest of the country.
The first phase of the Lagos deep seaport is being funded by a $629 million loan from China Development Bank and it’s being built by China Habour Engineering Co Ltd.
©2021 Bloomberg L.P.

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