FG, Lagos Sign MOU On Lekki Deep Sea Port - Politics (3) - Nairaland
Nairaland Forum / Nairaland / General / Politics / FG, Lagos Sign MOU On Lekki Deep Sea Port (10765 Views)
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| Re: FG, Lagos Sign MOU On Lekki Deep Sea Port by Nobody: 7:15am On Dec 18, 2012 |
Nigeria’s Federal and Lagos State Governments have signed a Memorandum Of Understanding (MOU) for the construction of a deep sea port in the Lekki area of Lagos, in Western Nigeria. ^^^The project in question will be funded by private investors - however, both the FG and Lagos state government have stakes in it... |
| Re: FG, Lagos Sign MOU On Lekki Deep Sea Port by Nobody: 7:28am On Dec 18, 2012 |
The equities both the FG and Lagos state government will put are the access to sea, land, licences etc.. That doesn't change the fact that it's a private initiative funded by the private investors... However, I'm more concerned about how long they will manage it for before conceding the port to the Lagos state government... |
| Re: FG, Lagos Sign MOU On Lekki Deep Sea Port by Nobody: 7:31am On Dec 18, 2012 |
In addition to the Lekki Deep-seaport, another one is being planned for Badagry. The first phase of the Badagry Deep-seaport is scheduled to be completed by 2016. So that means that by 2016, Lagos State will have 4 commercial seaports. This should lead to rapid expansion of trade in particular, and the Nigerian economy in general. |
| Re: FG, Lagos Sign MOU On Lekki Deep Sea Port by Nobody: 7:36am On Dec 18, 2012 |
CFCfan: In addition to the Lekki Deep-seaport, another one is being planned for Badagry. The first phase of the Badagry Deep-seaport is scheduled to be completed by 2016. That's great! It seems Lagos has the best coastline in Nigeria, hence why most of the ports are being built there... |
| Re: FG, Lagos Sign MOU On Lekki Deep Sea Port by Reference(m): 7:38am On Dec 18, 2012 |
afam4eva: What's the federal government's stake in this? I thought the Lagos state government owned the initiative. All international gateways are exclusively owned by the Feds, and that includes airports and will you believe it telecommunications just a few years ago. The same ideology that makes it impossible to own a private beach. Exclusive zones or whatever they call it. |
| Re: FG, Lagos Sign MOU On Lekki Deep Sea Port by Nobody: 7:39am On Dec 18, 2012 |
It seems that a Singaporean company would be the main developer of the Badagry seaport. Therefore, by 2016, Nigeria would have 3 deep-seaports.  |
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