Lagos:NEPZA to construct $1.4bn Lekki Deep Sea Port

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[Laos]–The Nigeria Export Processing Zones Authority (NEPZA) has restated its commitment to the development of the $1.4billion Lekki Deep Sea Port, located at the heart of the Lagos Free Trade Zone.

This is made known by the Managing Director of NEPZA, Engineer Gbenga Kuye in a press release signed by Richard Obianu, the head of corporate communications.

The Press Release came after Kuye visited South Korea to inspect ongoing construction work of Total Upstream Nigeria’s Egina Floating Production, Storage and Offloading (FPSO) Unit, at the Samsung Heavy Industries (SHI) Shipyard.

According to release, the meeting at Tolaram Headquarters discussed plans and timelines for the commencement of construction of the Sea Port.
While expressing satisfaction with the overall progress so far, he added that the construction will have a positive multiplier effect on the development of the various Free Trade Zones and enterprises in the Lekki area of Lagos.

When completed, the multi-purpose Deep Sea Port is expected to be one of the most modern in the world, supporting the burgeoning trade across Nigeria and the entire West African region.

The Tolaram Group described the visit of the NEPZA Managing Director to Singapore as a huge success, noting that it reinforces the commitment by International Enterprise Singapore (IES) to accelerate its investment and development activities in Nigeria, with the ultimate goal of contributing to the Federal Government’s efforts industrialize and diversify Nigeria’s economy.

Accompanied by top management staff of Tolaram Group, Engr. Kuye also visited the Urban Redevelopment Authority of Singapore (URA), the Authority responsible for national land use, planning and conservation, for a better understanding of the planning Singapore has undertaken as a country.

The Authority’s Gallery showcased Singapore’s journey from 1960 till now, and its future development plan.

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