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Business News of Thursday, 15 July 2021

Source: punchng.com

Lekki seaport will start operations Q4 2022 – Promoter

Lekki Deep Sea Port will become operational by the fourth quarter of 2022. Lekki Deep Sea Port will become operational by the fourth quarter of 2022.

The Chairman of Lekki Port LFTZ Enterprise Limited, Mr Abiodun Dabiri, has said the Lekki Deep Sea Port will become operational by the fourth quarter of 2022.

Dabiri, in a statement made available to our correspondent, said this during the visit of the Minister of Transportation, Rotimi Amaechi, to the port.

Confirming that the project was going as planned, he said the construction work would be completed by the third quarter of 2022 and that commercial operations would commence by Q4 as planned.

During the inspection, Amaechi expressed satisfaction on the progress of the work.

He said, “I am very delighted and impressed with the pace and the progress of construction work on this project from the last time I was here in November 2020.

“The promoter of the project – Lekki Port LFTZ Enterprise Limited – has demonstrated strong commitment and capacity to deliver the project as agreed.”

The minister urged the management of the company and other stakeholders to ensure that the port becomes operational by mid-2022.While briefing the minister and his entourage on the status of construction of the port, Dabiri disclosed that the entire port construction was at 55.48 per cent completion.

Giving a further breakdown of the status of the components of the port, he noted that dredging and reclamation had reached 61.11 per cent; quay wall, 50.39 per cent; breakwater, 67.49 per cent, while the landside infrastructure development had reached 33.70 per cent completion.