The Lagos State Governor, Babajide Sanwo-Olu, has announced that development work on Phase 2 of the Lekki Deep Sea Port project will commence shortly. The strategic expansion aims to solidify the position of Lagos State as West Africa’s premier maritime and logistics hub, ensuring the region can handle growing commercial demands.
Sanwo-Olu made this disclosure at the Invest Lagos Summit 3.0 held earlier in the week. He highlighted that the port facility is already approaching its maximum operational and installed capacity less than five years after commencing full operations, making the expansion an immediate priority rather than a long-term goal. The governor explained that the project is fully funded and forms part of an active, infrastructure-led transformation across the state.
The expansion is strategically timed to leverage the benefits of the African Continental Free Trade Area, which spans a market of over 1.4 billion people with a combined gross domestic product exceeding 3 trillion dollars. Sanwo-Olu emphasized that the upgraded facility will significantly enhance overall cargo-handling capacity, streamline maritime trade networks, and firmly position Lagos as a vital gateway for continental trade.
In his remarks, the Managing Director of Lekki Port, Wang Qiang, commended the Lagos State Government for maintaining a stable, predictable, and investor-friendly climate that encourages long-term private sector commitment. He stated that the commencement of Phase 2 represents a major milestone that will directly improve logistics efficiency, expand operational capacity, and attract more international shipping lines and logistics investments to the Lekki corridor.
Qiang concluded that the next phase of development aligns perfectly with the broader trade facilitation objectives of Nigeria. He noted that the project will effectively address the increasing demands of regional and global shipping networks, strengthening the competitive edge of the port under the continental free trade framework.
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