Lagos State Government News

Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country's ports and help it become an African hub for transshipment, 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…

The absence of a plan to construct a rail link that will ease cargo evacuation will create delay in the Federal Government's commitment of $118 million to the construction of Lekki Deep Seaport in Lagos, as per a report in Daily Independent. The deep seaport project is a $1.5 billion public private partnership project among the Federal Government (represented by the Nigerian Ports Authority), the Lagos State Government and the Tolaram Group, a Singaporean investor who are promoters of the project. Lekki deep seaport, Nigeria’s biggest seaport project estimated to cost over $1.55 billion worth of investment capital, has set 2018 as its business commencement date as well as operational take-off date.

Sections of Lagos will receive an unprecedented 22 hours of electricity daily starting next month due to a project by U.S. energy group AES Corp, the head of Nigeria's state power company said. National Electric Power Authority (NEPA) managing director Joseph Makoju said in an interview the added power generated by AES Barge Nigeria Ltd, the Nigerian subsidiary of AES, will allow NEPA to supply power almost around-the-clock to Lagos' industrial area Ikeja beginning August 1. Ikeja is home to Lagos state government buildings and companies. In June, the AES power-generating barges positioned next to the country's biggest power plant at Egbin near Lagos began injecting electricity into the national grid.