Nation
FG, LASG To Generate $201bn From Lekki Port
The Minister of Information and Culture, Alhaji Lai Mohammed, says the Federal and Lagos State government, will generate $ 201 billion through taxes, royalties and duties from the Lekki deep seaport.
He said the port would have a great impact on the economy as it is going to create 169,972 jobs and enable Nigeria to regain the maritime businesses it lost to ports in Togo, Cote d’Ivoire and Ghana.
Mohammed stated this on Wednesday during an inspection of the port alongside a team from the Ministry of Transport.
He said with the port, Nigeria will become a trans-shipment hub, noting that the revenue the country is currently losing to neighbouring countries would be regained.
The minister disclosed that the port would commence operation in the last quarter of the year and is expected to help Nigeria’s quest to boost its economy through the window of African Continental Free Trade Agreement (AfCFTA) .
“The investment is huge, $1.53 billion on fixed assets and $800 million on construction. But the aggregate impact has been put at $361 billion in 45 years, which will be over 200 times the cost of building it. The direct and induced business revenue impact is estimated at $158 billion, in addition to a qualitative impact on manufacturing, trade and commercial services,” he said.
Earlier, the Managing Director of Lekki Deep Seaport, Du Ruogang, had said the port would change the economic landscape of Nigeria and become a hub in the West and Central African region.
He said the second phase of the port would commence in about six to seven years time, adding that in the long-term, the third phase of the port would be developed.
Ruogang appealed to the government for support in the trans-shipment policy, which he said is an important target for the port.
He also called for government’s support in the cargo evacuation system, noting that the roads connecting to the port are not satisfactory to the demands of the evacuation requirements of the port.
The General Manager/Head of Government Relations and Security, Lekki Freeport Terminal, Fubara Awanta, in his own speech, said with the draft of the port, which is the deepest in West Africa, Nigeria should not lose the huge revenue that it would make from the port due to several bottlenecks.
He appealed to the government to ensure that the key roads connecting the port are completed to boost cargo evacuation as the short-term support, while for the medium term the government should assist in ensuring the movement of consignment through barging.
“In the course of doing barging there are so many additional fees that will be paid like Cabotage, if all these additional costs are not well managed, most persons will not want to evacuate their cargoes, that is why you see from the point of calculating our return on investment, our pricing must be highly competitive,” he said.
Nation
HYPREP Marks 15 Years Of UNEP Report, Highlights Major Cleanup Milestones
The Hydrocarbon Pollution Remediation Project (HYPREP) has commemorated the 15th anniversary of the release of the United Nations Environment Programme (UNEP) Environmental Assessment Report on Ogoniland, reaffirming its commitment to restoring the environment and improving the livelihoods of affected communities.
In a statement signed by the Project Coordinator, Prof Nenibarini Zabbey, to commemorate the anniversary, HYPREP described the anniversary as a significant milestone in Nigeria’s environmental restoration efforts, noting that the project has made remarkable progress in implementing the recommendations of the landmark UNEP report released on August 4, 2011.
The UNEP report had revealed extensive oil pollution across Ogoniland, severe environmental degradation, and serious public health risks resulting from decades of petroleum operations. It also recommended an initial $1 billion fund to commence the cleanup of the affected communities.
According to HYPREP, the Federal Government formally launched the Ogoni clean-up in 2016, while the Project Coordination Office was established in 2017 to drive the implementation of UNEP’s recommendations.
Zabbey said the current administration has continued to prioritise the project under the Renewed Hope Agenda.
Providing an update on the cleanup, the Project Coordinator disclosed that 30 of the 65 contaminated sites identified by UNEP have been fully remediated, while work is ongoing at several medium- and high-risk locations. It also stated that more than 1.5 million mangrove seedlings have been planted as part of what it described as the world’s largest restoration of oil-degraded mangroves, with over 1,000 hectares of shoreline already rehabilitated.
Zabbey further revealed that 49 Ogoni communities have been connected to potable water schemes through multiple water projects and booster stations aimed at providing safe drinking water across the region.
In the health sector, he said the 100-bed Ogoni Specialist Hospital in Kpite and the 43-bed Cottage Hospital in Buan are nearing completion, adding that several existing health facilities have been upgraded with modern medical equipment, while five ambulances have been donated to improve emergency healthcare services. The Project Coordinator also disclosed that a three-year human health biomonitoring study is being conducted in collaboration with the World Health Organization’s International Agency for Research on Cancer (IARC).
On economic empowerment, Zabbey stated that the Project has created more than 8,000 direct jobs and trained thousands of Ogoni youths and women in various vocational and technical skills, including software development, cybersecurity, aviation, commercial diving, seafaring, mechatronics, and creative arts. The project also reported awarding scholarships to more than 1,000 students, providing grants to small businesses, and supporting persons living with special needs through skills acquisition programmes.
The statement further highlighted ongoing legacy projects, including the Ogoni Power Project and the Centre of Excellence for Environmental Restoration, which it said is about 96 per cent complete. HYPREP also welcomed the recent designation of the Ogoni Wetland as a Ramsar Site of International Importance and pledged to continue promoting biodiversity conservation and sustainable management of the ecosystem.
Marking the anniversary, Zabbey said the progress achieved over the past 15 years demonstrates the collective commitment of government, development partners, stakeholders, and local communities to restoring Ogoniland. He called for renewed collaboration to sustain the cleanup effort, promote environmental sustainability, and support the long-term development of the region. 3
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