Nigeria: $700m Africa’s Deepest Port Ready in Lagos 2009

The deepest port in Africa with a draft of 17 meters is to be constructed by Lagos Port LFTZ Enterprises along Atlantic coast at Ibeju-Lekki area of Lagos by the first quarter of 2009, Mr. A Sivaram, Managing Director of the company, has said.

The port which is expected to gulp a total sum of $700 million, would handle about 8,000 containers (TEU’s) at the completion of the first phase.