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    Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

    Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

    Master mariners seek appointment of coordinating minister for effective marine, blue economy governance

    Master mariners seek appointment of coordinating minister for effective marine, blue economy governance

    Oyetola courts island nations for Nigeria’s IMO Council election bid

    Oyetola courts island nations for Nigeria’s IMO Council election bid

    Lagos Govt says residents lose N4 trillion annually to traffic congestion

    Lagos Govt says residents lose N4 trillion annually to traffic congestion

    Sang-ho visits NIMASA, spotlights need for maritime capacity development

    Sang-ho visits NIMASA, spotlights need for maritime capacity development

    Ports & Cargo welcomes largest general cargo vessel to call the Terminal

    Ports & Cargo welcomes largest general cargo vessel to call the Terminal

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    Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

    Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

    Master mariners seek appointment of coordinating minister for effective marine, blue economy governance

    Master mariners seek appointment of coordinating minister for effective marine, blue economy governance

    TTPs should consider renewable energy for long term projects – Dantsoho, MD NPA

    Spotlight on Dantsoho’s performance as NPA MD

    Oyetola courts island nations for Nigeria’s IMO Council election bid

    Oyetola courts island nations for Nigeria’s IMO Council election bid

    Lagos Govt says residents lose N4 trillion annually to traffic congestion

    Lagos Govt says residents lose N4 trillion annually to traffic congestion

    Sang-ho visits NIMASA, spotlights need for maritime capacity development

    Sang-ho visits NIMASA, spotlights need for maritime capacity development

    Ports & Cargo welcomes largest general cargo vessel to call the Terminal

    Ports & Cargo welcomes largest general cargo vessel to call the Terminal

    Northern Youth Association presents The Ahmadu Bello Platinum Leadership Award to NDLEA Edo State Command

    Northern Youth Association presents The Ahmadu Bello Platinum Leadership Award to NDLEA Edo State Command

    Apapa Customs Command collaborate with stakeholders to strengthen rail cargo movement

    Apapa Customs Command collaborate with stakeholders to strengthen rail cargo movement

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      Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

      Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

      Master mariners seek appointment of coordinating minister for effective marine, blue economy governance

      Master mariners seek appointment of coordinating minister for effective marine, blue economy governance

      TTPs should consider renewable energy for long term projects – Dantsoho, MD NPA

      Spotlight on Dantsoho’s performance as NPA MD

      Oyetola courts island nations for Nigeria’s IMO Council election bid

      Oyetola courts island nations for Nigeria’s IMO Council election bid

      Lagos Govt says residents lose N4 trillion annually to traffic congestion

      Lagos Govt says residents lose N4 trillion annually to traffic congestion

      Sang-ho visits NIMASA, spotlights need for maritime capacity development

      Sang-ho visits NIMASA, spotlights need for maritime capacity development

      Ports & Cargo welcomes largest general cargo vessel to call the Terminal

      Ports & Cargo welcomes largest general cargo vessel to call the Terminal

      BPSR applauds NIMASA for championing public service reforms

      BPSR applauds NIMASA for championing public service reforms

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      Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

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        Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

        Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

        Master mariners seek appointment of coordinating minister for effective marine, blue economy governance

        Master mariners seek appointment of coordinating minister for effective marine, blue economy governance

        Oyetola courts island nations for Nigeria’s IMO Council election bid

        Oyetola courts island nations for Nigeria’s IMO Council election bid

        Lagos Govt says residents lose N4 trillion annually to traffic congestion

        Lagos Govt says residents lose N4 trillion annually to traffic congestion

        Sang-ho visits NIMASA, spotlights need for maritime capacity development

        Sang-ho visits NIMASA, spotlights need for maritime capacity development

        Ports & Cargo welcomes largest general cargo vessel to call the Terminal

        Ports & Cargo welcomes largest general cargo vessel to call the Terminal

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        • Trump Inauguration
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        Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

        Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

        Master mariners seek appointment of coordinating minister for effective marine, blue economy governance

        Master mariners seek appointment of coordinating minister for effective marine, blue economy governance

        TTPs should consider renewable energy for long term projects – Dantsoho, MD NPA

        Spotlight on Dantsoho’s performance as NPA MD

        Oyetola courts island nations for Nigeria’s IMO Council election bid

        Oyetola courts island nations for Nigeria’s IMO Council election bid

        Lagos Govt says residents lose N4 trillion annually to traffic congestion

        Lagos Govt says residents lose N4 trillion annually to traffic congestion

        Sang-ho visits NIMASA, spotlights need for maritime capacity development

        Sang-ho visits NIMASA, spotlights need for maritime capacity development

        Ports & Cargo welcomes largest general cargo vessel to call the Terminal

        Ports & Cargo welcomes largest general cargo vessel to call the Terminal

        Northern Youth Association presents The Ahmadu Bello Platinum Leadership Award to NDLEA Edo State Command

        Northern Youth Association presents The Ahmadu Bello Platinum Leadership Award to NDLEA Edo State Command

        Apapa Customs Command collaborate with stakeholders to strengthen rail cargo movement

        Apapa Customs Command collaborate with stakeholders to strengthen rail cargo movement

        Trending Tags

        • Waterside Centre
          • All
          • At The Marina Today
          • Maritime Community Hub
          • Sustainable Development
          • WASH
          Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

          Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

          Master mariners seek appointment of coordinating minister for effective marine, blue economy governance

          Master mariners seek appointment of coordinating minister for effective marine, blue economy governance

          TTPs should consider renewable energy for long term projects – Dantsoho, MD NPA

          Spotlight on Dantsoho’s performance as NPA MD

          Oyetola courts island nations for Nigeria’s IMO Council election bid

          Oyetola courts island nations for Nigeria’s IMO Council election bid

          Lagos Govt says residents lose N4 trillion annually to traffic congestion

          Lagos Govt says residents lose N4 trillion annually to traffic congestion

          Sang-ho visits NIMASA, spotlights need for maritime capacity development

          Sang-ho visits NIMASA, spotlights need for maritime capacity development

          Ports & Cargo welcomes largest general cargo vessel to call the Terminal

          Ports & Cargo welcomes largest general cargo vessel to call the Terminal

          BPSR applauds NIMASA for championing public service reforms

          BPSR applauds NIMASA for championing public service reforms

          MWUN supports Nigeria’s bid for IMO’s Council position

          MWUN supports Nigeria’s bid for IMO’s Council position

        • Podcasts
          • All
          • Life at Sea
          • Seafarers
          Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

          Nigeria contributes 85,325km² global seabed mapping initiative – Rear Adm. Olugbode

          Maritime LookBook: At sea with Captain Roselyn Kete, Nigeria’s first female master mariner

          Celebrating women in maritime

          Sails of a sovereign dream: Poetic Tribute to the Nigerian National Shipping Line

          Sails of a sovereign dream: Poetic Tribute to the Nigerian National Shipping Line

          Ode to a maritime hero Capt. Oyeniyi Adeyemo

          Ode to a maritime hero Capt. Oyeniyi Adeyemo

          Adieu, Captain Stephen Adeniran

          Adieu, Captain Stephen Adeniran

          Watch: At 16th Technical Summit, AMES to unveil new technical support for Nigeria’s maritime industry

          Watch: At 16th Technical Summit, AMES to unveil new technical support for Nigeria’s maritime industry

          Listen: AMES Summit offers pooled professionalism to grow Nigeria’s marine and blue economy

          Listen: AMES Summit offers pooled professionalism to grow Nigeria’s marine and blue economy

          Maritime LookBook: Trawler net, plastics entanglement of marine turtles worry Akassa Conservation Centre

          At The Marina Today: Milestone achieved as local communities endorse sea turtle conservation efforts in Akassa Kingdom

          Watch: Akudo and Uche Ihenacho tie the love knot in traditional Igbo wedding

          Watch: Akudo and Uche Ihenacho tie the love knot in traditional Igbo wedding

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          Isoko-speaking riverine communities demand new local government area out of Ndokwa East in Delta State

          Isoko-speaking riverine communities demand new local government area out of Ndokwa East in Delta State

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          SIFAX Group honoured with Distinguished Gender Inclusion Award

          SIFAX Group honoured with Distinguished Gender Inclusion Award

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          Lagos State Health District IV: Apapa LGA holds medical outreach at Ijora Oloye

          Navy Sailing Club restructures for improved activities

          Navy marks anniversary with sailing, commits to water sports devt

          Eastern Fleet hosts public ship tour celebrating Nigerian Navy @ 69

          Eastern Fleet hosts public ship tour celebrating Nigerian Navy @ 69

          Eastern Naval Command conducts free medical outreach to mark 2025 Navy Week celebration

          Eastern Naval Command conducts free medical outreach to mark 2025 Navy Week celebration

          Photo News: Eastern Naval Command holds Church service marking Navy’s 69th Anniversary

          Photo News: Eastern Naval Command holds Church service marking Navy’s 69th Anniversary

        • Columns
          • All
          • CEOs Talk
          • Interviews
          • Maritime History
          • Opinions
          • Reality Check
          • Trade Matters
          Maritime LookBook: At sea with Captain Roselyn Kete, Nigeria’s first female master mariner

          Celebrating women in maritime

          Nigerian shippers lose N15bn yearly to lost cargoes, says maritime lawyer

          Opinion: CVFF, LNG, and the Future of Nigeria’s maritime sovereignty

          Sails of a sovereign dream: Poetic Tribute to the Nigerian National Shipping Line

          Sails of a sovereign dream: Poetic Tribute to the Nigerian National Shipping Line

          CEOs Talk Business: Why we are building a new Container terminal – Capt. Iheanacho

          Opinion: Economic optimization in the petroleum industry

          Watch: At 16th Technical Summit, AMES to unveil new technical support for Nigeria’s maritime industry

          Watch: At 16th Technical Summit, AMES to unveil new technical support for Nigeria’s maritime industry

          CEOs Talk Business: Why we are building a new Container terminal – Capt. Iheanacho

          Marine &Blue Economy: Nigeria needs urgent ‘catch-up’ with port types, shipping business financing model – Capt. Emmanuel Iheanacho

          Maritime History #5:  Abuja MoU’s strategic approach to improving port state control in West and Central Africa

          Maritime History #5:  Abuja MoU’s strategic approach to improving port state control in West and Central Africa

          Maritime History #3: MWUN promoting the decent work agenda in maritime labour

          Maritime History #3: MWUN promoting the decent work agenda in maritime labour

          Maritime History #2 : How Shipping Eras Shaped Global Shipping – Carrodano

          Maritime History #2 : How Shipping Eras Shaped Global Shipping – Carrodano

        • The Mailbag
          NIMASA C4i grants access to shipping surveillance unit

          NIMASA’s crusade to end War Risk Insurance premiums to save Nigeria over $400bn annually

          CGC Adeniyi reactivates over decade-old CMAA with US Customs & Border Protection

          CGC Adeniyi reactivates over decade-old CMAA with US Customs & Border Protection

          Essien thanks Jamoh as he bows out of NIMASA

          Essien thanks Jamoh as he bows out of NIMASA

          Nigerian Chambers of Shipping guarantees maximum participation in Nigeria’s domestic, international trade – Sambo

          Nigerian Chambers of Shipping guarantees maximum participation in Nigeria’s domestic, international trade – Sambo

          FG to harmonize taxes paid by jetty operators

          Shipping Development: FG approves disbursement of N16bn, $350m CVFF

          Seafarer happiness index improves

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          APM Terminals Apapa, FREEE sign MoU to recycle used tyres

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          Photos: MD NPA meets, commends IMO consultants in Lagos

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          MD LAWMA  commends Surulere LG for environmental cleanliness

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          FG, Lagos to earn $201bn in taxes, royalties from Lekki Deep Seaport

          onepageafrica by onepageafrica
          May 5, 2022
          in At The Marina Today, Economy, Lifestyle, News, Society
          0
          FG, Lagos to earn $201bn in taxes, royalties from Lekki Deep Seaport
          Share this

          The Federal Government and the promoters of the Lekki Deep Seaport, on Wednesday, projected that the port in Lagos is capable of generating $158 billion through direct and induced business when the port becomes operational.

          Speaking to newsmen during a tour of the port, Minister of Information and Communication, Mr. Lai Mohammed, said the port was also ready to reclaim its lost cargo to the ports of neigbhouring countries as the port would become the most cost efficient port in the sub-region.

          According to him, the investment is huge and includes $1.53 billion dollars on fixed assets and $800 million dollars on construction, adding that the aggregate impact has been put at $361 billion dollars in 45 years, which will be over 200 times the cost of building it.

          “In addition, it will create 169,972 jobs and bring revenues totaling $201 billion dollars to the state and federal governments through taxes, royalties and duties.

          “The direct and induced business revenue impact is estimated at $158 billion dollars, in addition to a qualitative impact on the manufacturing, trade and commercial services sector.

          “Beyond that, when it begins operation in the last quarter of this year, it will make it possible for Nigeria to regain the maritime business that was lost to ports in Togo, Cote d’Ivoire and Ghana. It is also a big boost to Nigeria in its quest to take advantage of the implementation of the African Continental Free Trade Agreement (AfCFTA).

          “A major advantage we have to leverage is transshipment. With this port, Nigeria will become a transshipment hub and the revenue we are currently losing to our neighbouring countries will come here.

          “As you know, this project is being done in phases. Phase 1 has reached 89 percent and will be completed in September this year,” he added.

          The Executive Secretary of the Nigerian Shippers’ Council, Emmanuel Jime, who also spoke, expressed fear of a repeat of the problem currently witnessed along the access roads to the seaport in Apapa. “I am worried about how cargoes will be evacuated when the seaport eventually comes mainstream” he said.

          On his part, the Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-koko, assured stakeholders of the preparedness of government to carry out its responsibilities when operations at the port commenced.

          Vanguard

          Tags: cargoLagos StateLekki Deep Seaport
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