Buhari: Lekki Deep Sea Port will enhance Nigeria's competitiveness

Nigeria's President, Muhammadu Buhari says the full operationalization of the Lekki Deep Sea Port will put the country at a competitive advantage in the African Continental Free Trade Area. The President who is in Lagos to commission some landmark projects, says he expects the Nigerian Ports Authority as well as the ministry of transportation to handle the processes that will aid the commencement of operations.

Tue, 24 Jan 2023 14:25:11 GMT

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AI Generated Summary

The Lekki Deep Sea Port is expected to boost Nigeria's competitiveness in the African Continental Free Trade Area by improving trade capabilities and reducing dependence on imports.
President Buhari emphasized the innovative features of the port, including its full ocean vision and status as the deepest port in West Africa, highlighting its potential to drive economic growth and generate foreign exchange through exports.
The President's visit underscored the government's commitment to infrastructure development, economic diversification, and sustainable growth, as evidenced by the commissioning of various projects aligned with enhancing Nigeria's economic capabilities.

Nigeria's President, Muhammadu Buhari, recently visited Lagos to commission landmark projects, including the Lekki Deep Sea Port. President Buhari expressed his optimism that the full operationalization of the port would bolster the country's competitiveness in the African Continental Free Trade Area. During his visit, he commended the Lagos State governor and the people of Lagos for their warm reception and support. The Lekki Deep Sea Port is strategically located to enhance trade and economic growth in Nigeria. President Buhari highlighted the port's innovative features, such as its full ocean vision and its significance as the deepest port in West Africa. He emphasized the role of the port in reducing the country's dependence on imports, boosting local industries, and generating foreign exchange through exports. President Buhari reaffirmed his administration's commitment to improving infrastructure and enhancing the country's economic capabilities. He mentioned that the Lekki Deep Sea Port aligns with his government's focus on promoting economic diversification, increasing participation in key sectors, and ensuring food security. The President also discussed the significance of other projects in the region, including the Blue Line Rail project and the completion of various infrastructure initiatives. He emphasized the importance of leaving a lasting legacy for future generations and ensuring sustainable development across the country. Overall, President Buhari's visit to commission the Lekki Deep Sea Port signals a step forward in Nigeria's quest for economic growth, enhanced competitiveness, and improved infrastructure. The strategic location and advanced features of the port are expected to play a vital role in driving trade, supporting local industries, and boosting the country's international trade capabilities. As Nigeria continues to position itself as a key player in the African economy, investments in crucial infrastructure projects like the Lekki Deep Sea Port are essential to propel the country towards sustained growth and development. President Buhari's vision for a more competitive Nigeria aligns with the country's aspirations for a prosperous future within the African Continental Free Trade Area.