Nigeria to Earn $200bn from Lekki Seaport as FG Earmarks N90bn for Economic Zones
President Muhammadu Buhari has expressed commitment to a conducive business environment that would aid investments in the country even as it emerged that Nigeria is expected to rake in over $200 billion from the operations of the Lekki Deep seaport in Lagos State. Speaking at the official commencement of the construction of the Lekki Deep seaport in Lagos on Thursday, Buhari said the project is in line with the Economic Recovery and Growth Plan (ERGP) whose aim is to support game-changing infrastructure projects. The president, who was represented by Vice President Yemi Osinbajo, said when completed, the project would generate up to 170,000 direct and indirect jobs in the economy. According to him, “The promoters of this project are targeting about 1.5 million 20-foot equivalent units container capacity annually, which we expect to grow to about 2.7 million and 4.7 million TEUs when the project operations commence. With this, the Lekki Deep seaport will b