Lagos to begin Lekki Port Phase two development soon, Sanwo-Olu

Lagos State Governor Babajide Sanwo-Olu has announced that development for Phase 2 of the Lekki Deep Sea Port will commence soon, a move designed to reinforce Lagos's status as West Africa's premier maritime and logistics center. The governor revealed this at the Invest Lagos Summit 3.0, emphasizing the state's ongoing infrastructure investments to stimulate regional trade and economic expansion.

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With the African Continental Free Trade Area (AfCFTA) creating a market of over 1.4 billion people and a combined GDP exceeding $3 trillion, Lagos occupies a uniquely strategic position. The Lekki Deep Sea Port, within five years, is moving to phase two because it is almost reaching the full potential of its installed capacity. And just within five years, it is moving to phase two.

Sanwo-Olu highlighted the port's rapid growth, noting it is already nearing its installed capacity and prompting the accelerated expansion plans. "The Lekki Deep Sea Port, within five years, is moving to phase two because it is almost reaching the full potential of its installed capacity," he stated. He added that these projects are not mere aspirations but are actively being implemented and funded, transforming the state's investment landscape.

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These are not just aspirations but projects that have been implemented and are under implementation. They have been funded, progressing, and transforming the investment landscape of our State.

The second phase is anticipated to significantly increase cargo-handling capacity, enhance maritime trade, and bolster Lagos's role as a gateway for the African market under the African Continental Free Trade Area (AfCFTA) framework, which encompasses over 1.4 billion people and a $3 trillion GDP. This expansion aligns with Nigeria's broader trade facilitation goals.

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We are deeply encouraged by the continued support of the Lagos State Government, whose infrastructure-led policies have created a stable and forward-looking environment for long-term maritime investment.

Lekki Port Managing Director Wang Qiang praised the Lagos State Government for fostering a stable, investment-friendly environment. "We are deeply encouraged by the continued support of the Lagos State Government, whose infrastructure-led policies have created a stable and forward-looking environment for long-term maritime investment," Qiang said. He described the start of Phase 2 as a major milestone, expected to improve logistics efficiency, boost operational capacity, and attract further global investment.

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The commencement of the next phase of development represents a significant milestone in our journey to expand capacity, enhance operational efficiency, and strengthen Lekki Port’s position as a premier gateway for West African trade under the AfCFTA framework.