Fec Approves Lekki Deep Sea Port Project

The Federal Executive Council (FEC) on Wednesday approved the first ever Deep Sea port in Nigeria to cost over N216 billion ($1.354 billion)

The Minister of Information, Labaran Maku and his Transport counterpart, Idris Umar disclosed this while briefing State House correspondents at the end of the FEC meeting presided over by Vice President Namadi Sambo.

The Lekki Deep Sea port, which has been on the drawing board for several years with anticipatory approval received about ten years ago, will now be completed in the next four years.

Its completion will end the present congestions at the various ports in the country including the Apapa port.

Maku said: “Current administration, seeing the huge benefit of the project, had taken over the project to be executed under a Public-Private-Partnership arrangement, while federal government also renegotiated the concessionary period...