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Nigeria inaugurated its first billion-dollar deep seaport in Lagos

Posted on January 30, 2023   |  

On Monday, 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 transshipment.

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.