Nigeria pins hopes on port hub role
China DailyA ship is berthed at the Lekki Deep Seaport on July 1. Backed by China, Lekki deep-sea facility shaping up as growth catalyst Nigeria is closing in on its ambitions to get on the global map for shipping services with a deep-sea port that will serve as the main transshipment hub for West Africa. As the first deep-sea port in Nigeria, the facility will significantly increase the goods handling capacity of the country and boost its economic development, according to China Harbour Engineering Company, the contractor for the project. Lauren Johnston, a senior researcher at the South African Institute of International Affairs, said in a recent commentary that the port has the potential to help Nigeria optimize the African Continental Free Trade Area, a pact connecting 1.3 billion people across the continent that the World Bank believes can transform the region's economies. Nigerian Transportation Minister Muazu Jaji Sambo has said that the Lekki port will generate a significant positive impact, estimated at $361 billion, over the term of the concession.
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