Lekki Deep Sea Port Will Create 169,972 Jobs, Generate $201bn In Revenue

“The direct and induced business revenue impact is estimated at $158 billion in addition to a qualitative impact on manufacturing, trade and commercial services sector,”he added.

Speaking further, the minister said: “The Lekki Deep Sea Port, a build, own, operate and transfer concern, is a massive project, a game changer and a pace setter.

He said the aggregate impact of the Lekki Deep Sea Port put at $361 billion in 45 years would be over 200 times the cost of building the port.

The minister estimated that over $201 billion in taxes, royalties and duties would be generated for the Nigerian government when the port commences operations in the fourth quarter of 2022.

With this port, Nigeria will become a transshipment hub and the revenue we are currently losing to our neighboring countries will come here and that is big,”he said.

Also, the Executive Secretary, Nigerian Shippers Council, (NSC),Emmanuel Jime,described the port as a game changer for the Nigerian economy, but stressed the need for critical infrastructure to be developed to ease evacuation of cargoes out of the port..

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