Lagos State Governor Babajide Sanwo-Olu has announced that development work on Phase 2 of the Lekki Port project will commence soon, reinforcing the state's ambition to deepen its position as West Africa's leading maritime and logistics hub.
Announcement at Invest Lagos Summit
Sanwo-Olu made this known at the Invest Lagos Summit 3.0 held on Tuesday in Lagos. Speaking on the state's infrastructure agenda, he highlighted Lagos' strategic role in driving regional trade and economic integration. He noted that the rapid growth of Lekki Deep Sea Port has necessitated plans for its next phase of development.
Expansion to Enhance Cargo Capacity
The governor explained that the expansion of the port will significantly enhance cargo handling capacity, strengthen maritime trade, and deepen Lagos' role as a gateway to the African Continental Free Trade Area (AfCFTA) market of over 1.4 billion people.
“With the African Continental Free Trade Area (AfCFTA) creating a market of over 1.4 billion people and a combined GDP exceeding $3 trillion, Lagos occupies a uniquely strategic position. The Lekki Deep Sea Port, within five years, is moving to phase two because it is almost reaching the full potential of its installed capacity. And just within five years, it is moving to phase two. These are not just aspirations but projects that have been implemented and are under implementation. They have been funded, progressing, and transforming the investment landscape of our state,” he said.
Commendation from Lekki Port MD
In his remark, the Managing Director of Lekki Port, Wang Qiang, commended the Lagos State Government for maintaining a stable and investment-friendly environment. He noted that the next phase of development will play a key role in expanding the port's operational and cargo-handling capacity, improving logistics efficiency along the Lekki corridor, and attracting additional global shipping and logistics investments.
Qiang noted that the expansion aligns with Nigeria's broader trade facilitation agenda and the increasing demands of regional and international shipping networks.
“We are deeply encouraged by the continued support of the Lagos State Government, whose infrastructure-led policies have created a stable and forward-looking environment for long-term maritime investment. The commencement of the next phase of development represents a significant milestone in our journey to expand capacity, enhance operational efficiency, and strengthen Lekki Port's position as a premier gateway for West African trade under the AfCFTA framework,” he added.
