Lekki Deep Sea Port Will Contribute $360 Bn to GDP in 45 Years_Ada Nkong

Minister of Transportation, Rotimi Amaechi , Perm Sec Dr. Ajani and others after inspection of Lekki Deep Sea Port project

The minister of transportation, Rotimi Amaechi has expressed satisfaction with the pace of work on the Lekki Deep Sea Port project.

The Minister said this after an inspection of the project Sunday in Lagos. Also part of the inspection team were the permanent secretary ministry of Transportation Dr Magdalene Ajani and the team from the Nigeria Ports Authority as well as Nigeria Shippers council.

He said there is need to extend the port to increase the volume of traffic it can handle.

“I think we need to talk with Lagos management again, let’s see how to re-orientate them because actually the need for extension will be understated if we ignore it. Now that there are 5,000 persons we need to have the discussion with the community, we need to have a conversion with the Lagos state government and make provisions for their reorientation”.

Responding to questions concerning the source of funding he clarified that the project is privately funded.

“This is a privately funded project, over time they will collect their revenue from the commercial activities before they hand over to the federal government. But obviously taxes will be collected here even them will pay taxes, but I’m not sure there was any taxes mentioned in the agreement , but I doubt there is tax exemption, so we will collect taxes here, but we must say the confidence in giving them the project is because of the taxes that we collect here that will help in the construction of other projects”.