NPA SEEK INVESTMENT FOR LEKKI DEEP SEAPORT PHASE 2 DEVELOPMENT IN NIGERIA

The recent high-level engagements between the Nigerian Ports Authority (NPA) and key Chinese stakeholders, including China Harbour Engineering Company Ltd (CHEC) and China Development Bank (CDB), are poised to significantly influence the future development of Lekki Port. This initiative underscores the NPA’s commitment to advancing the port’s infrastructure and operational capabilities, enhancing its role in regional trade.

Mohammed Bello-Koko, the Managing Director of NPA, represented the Federal Government of Nigeria at the Board Meeting of Lekki Port LFTZ Enterprise Limited (LPLEL), held at CHEC’s headquarters in Beijing, China. This meeting served as a platform for discussing strategic development plans and financial investment opportunities with stakeholders and investors.

The board meeting facilitated crucial finance and investment-related talks aimed at securing the necessary funding and support for the next phase of Lekki Port’s development. The presence of senior officials from China Development Bank, including Wu Guohua and other directors, highlights the significant financial backing and international cooperation involved.

A technical session with Shanghai Zhenhua Heavy Industries Company Limited, the manufacturer of Lekki Terminal equipment, focused on consolidating the port’s operational efficiency. This collaboration is expected to sustain and enhance the competitive advantage of Lekki Deep Seaport.

This initiative comes just a year after the commencement of commercial operations at Lekki Port, indicating a proactive approach to expanding and optimizing the port’s infrastructure and services. The involvement of high-level representatives from both China and Nigeria reflects the strategic importance of Lekki Port in the region’s economic landscape.

The ongoing development of Lekki Port is anticipated to bolster its status as a key maritime hub, fostering economic growth and enhancing Nigeria’s trade capabilities.

SOURCE: Leadership