FG, Lagos to earn $201bn from Lekki Port – Lai Mohammed

According to the Minister of Information and Culture, Lai Mohammed, The federal government of Nigeria and the Lagos state government will earn total revenue of over $201 billion in 45 years when the Lekki Deep Sea Port becomes fully operational.

The Minister stated this today when he undertook a tour of the $1.53bn mega projects in Lagos .
Accompanied by heads of parastatals under the Ministry of Transportation, Alhaji Mohammed expressed joy at the quality of work done, assuring that the port would become operational in the last quarter of 2022.

According to him, when fully operational, the deep seaport, “will create 169,972 jobs and bring revenues totalling 201 billion dollars to state and federal governments through taxes, royalties and duties. The direct and induced business revenue impact is estimated at $158bn in addition to a qualitative impact on the manufacturing, trade and commercial services sector

CC : Vanguard

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