The Governor of Lagos State, Babajide Sanwo-Olu, said on Wednesday that the Lekki Deep Sea Port would open in the third quarter of 2023.
The governor said this at the Lekki Peninsula Region Conference and Expo 2021 in Lagos, according to a statement released by his Chief Press Secretary, Gboyega Akoshile, on Thursday.
The Lagos State Ministry of Commerce, Industry, and Cooperatives, in cooperation with Lekki Development Ventures, hosted the conference.
The governor, who was represented at the event by Lola Akande, the state’s Commissioner for Commerce, Industry, and Cooperatives, advised investors to take advantage of the potential in the state’s Lekki region.
He said: “There are also 100 percent foreign ownership of investments, 100 percent repatriation of capital, profits and dividends as well as waivers on all imports, exports and import licenses. There is also a waiver on all expatriate quotas for companies operating in the Lekki Free Zones.
“Multi-billion dollar investments, both foreign and local, are springing up within the zone and axis. As you are aware, the Lekki axis is on the verge of being home to Africa’s biggest oil refinery and it is expected to be operational soon.
“Also, the Lekki Deep Sea Port when completed and operational in the third quarter of 2023 will be the most modern in West Africa.
“These two projects are strategic as they will further open up the axis and unlock huge opportunities for investments and general development of the region.”
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