Ambode Says $1.65bn Lekki Seaport Will Be Ready For Commissioning In 2019

Governor of Lagos State, Akinwunmi Ambode on Thursday, disclosed to newsmen that the $1.65 billion Lekki seaport will be completed in 2019.

He said based on efforts put in place so far, Lagos State remained the desired business having attracting massive Foreign Direct Investments (FDI) such as the $1.65 billion Lekki Deep Seaport.

He described the seaport as one that will be the deepest seaport in Sub-Saharan Africa, adding that the Badagry Creek Industrial Park, a $1.3billion investment meant for completion in 2018 and the $12 billion Dangote Refinery and Petrochemical Park were among other investments coming up in the state.

Ambode said: “As the world continues to acknowledge Lagos as a regional financial hub, we as government have demonstrated the commitment to strengthen this position through deliberate policies aimed at improving the business climate in our state.

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“In this regard, we have successfully placed Lagos on investors’ radar by putting in place effective legal and regulatory frameworks such as the Land Reform Act, Double Taxation treaties, Limited Liability Reviews and the development of Free Trade Zones. Likewise, the on-going judicial reform is aimed at strengthening our laws for the protection of enterprise.

“Similarly, the conscious efforts of our administration at public infrastructure development and maintenance as indicated by an efficient Bus Rapid Transit(BRT), transporting over 200,000 passengers daily, functional Integrated Power Projects, enhanced security and access roads to sea and airports among others, have underscored our determination to make Lagos a functional megacity,” the Governor said.