Maritime

Lekki Seaport To Boost Non-Oil Revenue – NEPC

Published

3 years ago

January 30, 2023

Following the commissioning of the World Class Lekki Seaport in Lagos, Nigerian Export Promotion Council (NEPC) says the Deep Seaport would boost Nigeria’s non-oil export.
Executive Director and Chief Executive officer, NEPC, Dr Ezra Yakusak, said the development came on the heels of tremendous performance recorded in the non-oil export sector in 2022.
A statement signed by the Head, Corporate Communications, NEPC, Ndubueze Okeke, quoted Yakusak as saying that the seaport would further ease the perennial congestion at the Apapa Ports.
“This development comes on the heels of the tremendous performance recorded in the non-oil export sector in 2022 in which the sector recorded a significant result of 4.820 billion dollars in 2022, representing an increase of 39.91 per cent over 2021.
“The Lekki Deep Sea Port will not only provide jobs, directly and indirectly along the value chain, but will further ease the perennial congestion at the Apapa Ports and thereby enhance the export drive of the country”.
“It will also guarantee seamless trade facilitation in West Africa”.
“Having been designated a Customs port, all is now set for commercial vessels to berth and clear cargo at the port, which is reported to be the country’s first Deep Sea Port and first fully automated as well,’’ Yakusak said.
He explained that the Lekki sea port, domiciled within the Lekki Free Trade Zone (LFTZ), would further create an enabling environment for business and commercial activities to thrive.
According to Yakusak, this is particularly for the export of Nigerian products as it will play a strategic role in promoting international trade and sustainable economic growth for the country.
“The commissioning of the Lekki Deep Seaport is strategic and very key to the development and promotion of export trade.
“Indeed, it will ease the supply chain constraints and enhance logistics given the vital role of logistics in facilitating the transportation of goods to the international market.
“It is also a major source of foreign exchange earnings,” he said.
Yakusak said further that about 214 different products ranging from manufactured, semi-processed, solid minerals to raw agricultural products were exported in 2022.
He also said 19 exit points were used, with Apapa Port recording the highest tonnage of exports.
Yakusak commended President Muhammadu Buhari for providing the political will to execute the project in collaboration with other stakeholders.
The CEO, NEPC, said the project was expected to add about 361 billion dollars to the economy.
The LEKKI seaport, he said, is a joint venture between the Nigerian Ports Authority (NPA) and the Lagos State Government, Tolarams Group (owners of the Lagos Free Zone), and China Harbour Engineering Company.

BY: Stories by Chinedu Wosu

Maritime

Weak Shipping Line Regulation Undermines Customs Reforms —-Says SEREC

Published

1 week ago

January 28, 2026

The Tide

The Sea Empowerment and Research Centre (SEREC) says poor regulation of shipping lines could undermine the credibility of the Nigeria Customs Service (NCS) reforms.

Head of Research SEREC, Dr Eugene Nweke made this Known to Newsmen in Abuja

Nweke said that customs efficiency was linked to the performance of the Nigeria’s maritime and trade ecosystem.

Hr described the NCS as central to the success of the National Single Window (NSW) risk-based clearance and trade facilitation reforms.

“However, Customs efficiency gains are systematically eroded when upstream shipping practices introduce artificial delays, speculative charges, remote cargo release approvals and opaque cost structures”.

“In effect, weak regulation of shipping line conduct externalises inefficiencies into the Customs clearance process, inflates transaction costs, distorts compliance behavior and undermines the credibility of customs-led trade reforms,”

Nweke said that SEREC had submitted a white paper to the government advocating that shipping line governance, port economic regulation, and customs trade administration should be treated as inseparable policy domains.

SEREC said Nigeria’s Port challenges were not only infrastructure-driven but governance-related, warning that weak regulation, missing oversight reports and unchecked discretion in systems like the NSW could undermine reform efforts.

SEREC recommended reforms for Nigeria’s shipping sector, including public release of committee findings, statutory refund timelines with penalties, banning speculative demurrage billing, mandatory local cargo release and alignment of shipping practices with the NSW among others.

Nweke said that the aim of the white paper was to draw attention to sharp practices and regulatory weaknesses that had evolved beyond operational inconveniences into macroeconomic and governance risks.

“For NCS trade reforms to deliver their full impact in 2026 and beyond, shipping practices must align with the same principles guiding Customs modernisation: transparency, predictability, automation, accountability and local control.

Nweke said that by 2026, stakeholders in Nigeria’s maritime industry hope to transition from opaque and arbitrary port operations to a transparent, rules-based system managed through digital technology.

He stressed that the shift should align with ongoing reforms and international best practices, facilitated by the government through providing enabling environment and enforcing regulations

“These include predictable costs, enforceable service standards, transparent billing, time-bound cargo release, and institutional accountability particularly as Nigeria advances the National Single Window (NSW), port economic regulation, and revenue optimisation objectives.

“The expectation is not the creation of new laws, but disciplined enforcement of existing instruments, public disclosure of regulatory outcomes, and insulation of regulators from political and commercial capture,” Nweke said.

By: CHINEDU WOSU

Maritime

Tinubu Approve Take Off Of Olokola Deep Seaport In Ogun State

Published

1 week ago

January 28, 2026

The Tide

Nigeria President, Bola Ahmed Tinubu has approved the immediate take-off of the Olokola Deep Seaport project in Ogun Waterside Local Government Area

The approval brings to an end years of delay surrounding the multi billion dollar Port.

Gov. Dapo Abiodun of Ogun made this Known to Journalists during an interactive session

Governor Abiodun said the Seaport would help decongest Lagos ports, while oil drilling at Tongeji Island would boost economic activities and inclusion in coastal communities.

“The Olokola deep seaport project, which has been on the drawing board for several years, has been revived following a series of meetings with the President”.

“I want to sincerely thank Mr President because this is solely his initiative. In the last two weeks alone, we have held several meetings on Olokola, and he has clearly expressed his desire to see the port become a reality,” he said.

The Governor said the seaport would be known as the Blue Marine Economic Zone, would leverage the coastal road as an alternative logistics corridor and further ease pressure on the Lagos ports.

He commended the Nigerian Navy for establishing a Forward Operations Base at Tongeji Island, saying the move would enhance security and prevent infiltration from neighbouring Benin Republic.

The Governor said that the state government was working to provide basic amenities for residents of the island to improve living conditions and support emerging economic activities.

Abiodun thanked the Navy for its contribution to security in the state, attributing the relative peace in Ogun to collaboration among security agencies.

By: CHINEDU WOSU

Maritime

Gov Eno Vows To Actualise Ibom Deep Seaport Project

Published

1 week ago

January 28, 2026

The Tide

Akwa Ibom State Governor, Umo Eno says his administration is commitment to deliver the Ibom Deep Seaport project as a critical infrastructure to boost the state’s economy and transform the region.

The Governor said this during the signing of a Memorandum of Understanding (MoU) between the state government and the Interaf Group Consortium at the Government House, Uyo.

Represented by the Secretary to the State Government, Mr Enobong Uwah, Eno emphasized on the project’s significance.

“The project is a necessity for the people of the state as my administration is fully committed to putting the necessary requirements in place to get it on course,” Eno said.

The Governor urged the consortium to work closely with the Akwa Ibom Investment Corporation, AKICORP, and the government’s representatives to ensure its timely execution.

He commended the organisation for its interest in ensuring the actualisation of the project

The Governor thanked the former Petroleum Minister, Mr Don Etiebet, for being a part of the team, and for working toward the actualisation of the facility.

Earlier,Chairman and Chief Executive Officer of Interaf Group Consortium, Mr Ezinwa Ibekwe commended the government for the confidence reposed in the company.

Ibekwe assured the government of the consortium’s readiness to deliver on its mandate, promising a collaborative approach to ensure the project’s success.

By: CHINEDU WOSU