The $1.5 billion Lekki Deep Seaport has commenced international transhipment of cargo to neighbouring West African countries including Togo, Benin Republic, Ghana, and Côte d’Ivoire, marking a significant milestone in its operations.
Deputy Chief Operating Officer, Daniel Odibe, announced the development on Thursday in Lagos, noting that the port aims to scale up operations from the 287,000 Twenty-foot Equivalent Units (TEUs) handled in 2024 to 500,000 TEUs by the end of 2025.
However, he revealed that the port is currently operating at only 20 percent of its full capacity of 1.2 million TEUs.
Odibe attributed the reduced cargo throughput to economic challenges, particularly the removal of fuel subsidies and the depreciation of the Naira, which led to a sharp drop in imports in 2024.
He noted that trade volumes have begun to rebound, with 222,000 TEUs already processed in the first half of 2025.
“Despite the setbacks last year, we are witnessing a steady recovery,” he said.
“Lekki Port currently handles 10 to 12 vessels monthly, and transhipment activities to both coastal and landlocked countries are increasing.”
He further highlighted the port’s growing regional significance, stating that vessel turnaround time stands at 48 hours, while trucks average just 1 hour and 25 minutes within the terminal.
Speaking on the port’s vision, Managing Director Wang Qiang—represented by Chief Operating Officer Young Qiang—reaffirmed Lekki Port’s commitment to international standards.
“We are pushing boundaries and deploying advanced technology to ensure operational excellence.
“Our goal is to position Lekki Port as a leading maritime hub in West Africa,” he said.
Lekki Port’s expansion into regional transhipment is expected to boost Nigeria’s competitiveness in global trade and strengthen its role in West Africa’s maritime logistics network.
Bukayo Saka scored the only goal as Premier League leaders Arsenal defeated Atletico Madrid 1-0…
Nissan Motor has announced that it will cut about 900 jobs in Europe, around 10%…
A Federal Capital Territory High Court in Abuja has admitted a court judgment as evidence…
At least 23 soldiers of the Chadian Armed Forces have been killed and 26 others…
A Julius Berger employee attached to the Presidential Villa in Abuja told a Federal High…
Dangote Cement Plc has recorded a strong performance in the first quarter of 2026, growing…
This website uses cookies.