The Minister of Blue and Marine Economy, Mr Adegboyega Oyetola, has announced that the Lekki Port is projected to generate $200bn in revenue for the government over its 45-year concession period. In a statement on Wednesday, Oyetola made this declaration in Lagos during a breakfast meeting organised by the Nigerian Chamber of Shipping in collaboration with Lekki Port.
He explained that since the port commenced commercial operations, the challenge associated with port congestion has been easing both in Lagos and other ports, while simultaneously enhancing Nigeria’s competitiveness as a logistics hub.
He stated that the level of world-class infrastructure at the port signals vast untapped opportunities for investors, operators, and service providers.
The Osun State former governor stressed that the Federal Government has been playing a pivotal role in ensuring that the port does not suffer logistic bottlenecks through the completion of critical access roads linking it directly to major highways.