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Nigeria opens ‘game changer’ billion-dollar deep seaport

Nigeria opens ‘game changer’ billion-dollar deep seaport

SEUN SANNI NIGERIA opened a billion-dollar Chinese-built deep seaport in Lagos, which is expected to ease congestion at the country's ports and help it become an African hub for transhipment, handling cargoes in transit for other destinations. President Muhammadu Buhari has made building infrastructure a key pillar of his government's economic policy and hopes that this will help his ruling party win votes during next month's presidential election. The new Lekki Deep Sea Port is 75% owned by the China Harbour Engineering Company and Tolaram group, with the balance shared between the Lagos state government and the Nigerian Ports Authority.…
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Nigeria’s new Lekki port has doubled cargo capacity, but must not repeat previous failures

Nigeria’s new Lekki port has doubled cargo capacity, but must not repeat previous failures

THREE-QUARTERS of the world is covered by water and up to 90% of world trade is seaborne. Seaports and shipping are critical to the conduct of global trade. Africa has relatively few natural harbours that offer shelter and are deep enough to take big vessels. Along the Atlantic coastline of West Africa, for instance, natural harbours exist only at Freetown and Lagos. Consequently, artificial ports have been carved out of lagoon and river ports, which dot the coastline from Morocco to South Africa. Considerable capital and engineering know-how have been applied since the late nineteenth century to make African ports…
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