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Lagos Secures $629m Loan for Lekki Deep Seaport Project


By Segun James
The Lagos State Government has secured a $629 million loan to fund the Lekki Deep Sea Port Enterprise Limited’s project.
This was disclosed by the state Commissioner for Commerce, Industry and Cooperatives, Dr. Lola Akande.
The loan, according to Akande, was secured from China Development Bank (CBD), to facilitate the construction and development of the project and its early targeted operation in 2022.
He said: “Current completion percentage as at February 2021 stood at 47 per cent, trial operations of the port is slated for third quarter of 2022 while commercial operations is slated for first quarter of year 2023.”
Akande explained that the project has provided job opportunities to 611 local workers during the 2021 ministerial press briefing to commemorate the second year in office of Lagos State Governor, Mr. Bababjide Sanwo-Olu. ....

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Breaking News | Lekki Deep Seaport: Lagos Deploys China $629m Loan For Execution Of Project


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Lekki deep seaport Set to launch tourism master plan in June By Olasunkanmi Akoni Lagos State Government said it has secured a loan of $629 million to finance the on-going Lekki Deep Sea Port Enterprise Limited, LPLEL, billion dollar project.
Commissioner for Commerce, Industry and Cooperatives, Dr. Lola Akande, disclosed this on Monday, at the year 2021 ministerial press briefing to commemorate the second year in office of Governor, Bababjide Sanwo-Olu, held in Alausa, Ikeja.
Lekki deepsea port is being built over 90 hectares of land at the centre of the Lekki Free Trade Zone, LFTZ, approximately 60 kilometer east of Lagos. It is the first deepsea port to be built in Nigeria on Built Own and Transfer agreement. ....

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