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Update : All set as Buhari inaugurates $1.5 billion Lekki Deep Seaport, first in Nigeria

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…..It ‘ll improve Nigeria port industry, promote int’l trade – CHEC Chairman

President Muhammadu Buhari will any moment officially commission the $1.5 billion Lekki Deep Seaport, first in Nigeria

As at 1.40 pm, dignitaries, including diplomatic corps have stormed the Lekki Deep Sea Port, venue of the commissioning awaiting President Buhari who is also billed to commission other iconic projects in Lagos.

Among the dignitaries in attendance include: Minister of Information and Culture, Lai Muhammed, Managing Director, MD, of Nigerian Ports Authority, NPA Mohammed Bello Koko, DirectorcGeneral DG, NIMASA, Bashir Jamoh and Executive Secretary, Nigerian Shippers Council, Emmanuel Jime, among others.

By its size and depth, the Lekki Deep Seaport is expected to be the game changer in West and Central Africa.

Other projects slated for commissioning are the 18.75km six-lane rigid-pavement Eleko Junction to Epe Expressway; the John Randle Centre for Yoruba Culture and History; and the MRS Lubricant Factory in Apapa

Buhari, on arrival with the Lagos State Governor, Bababjide Sanwo-Olu, will be conducted round the port’s 1.5km long main.

The seaport’s spanning over 600 meters, is enough for a vessel of up to 16,000 standard containers (TEU). The approach channel is 11 km long.

The Lekki Deep Seaport made history last year as it received the first-ever vessel (Zhen Hua 28) to berth at the port.

The port has three terminals: the container terminal, the liquid terminal, and the dry bulk terminal.

According to the promoters, the container terminal has an initial draft of 14 metres, with the potential for further dredging to 16.5 metres. The terminal is able to handle 2.5 million 20-foot standard containers per year.

The deep-sea port of Lekki is the first port in Nigeria with ship-to-shore cranes. It has three of these container gantry cranes; they belong to the “Super-post-Panamax” group – this means that they can reach and unload the rearmost row of containers even if the container ship is wider than the Panama Canal (49m or 160ft maximum boat beam).

The STS cranes have a fixed rail at the quayside. They can lift 65 tons in twin-lift mode, 50 tons in single-lift mode or 85 tons under a hook.

The port’s computerised system will allow container identification and clearance from the office, and human interaction will be minimal in the physical operations

When phase 2 is completed, the deep sea port will have three liquid berths. The liquid cargo terminal will handle vessels up to 45,000 DWT (dead weight tonnage) and can expand to reach a capacity of 160,000 DWT.

Liquids (like petrol or diesel) will be handled at a tank farm near the port. The docking area is equipped with loading arms. It is also connected by pipelines along the breakwater.

The bulk terminal with an available quay length of 300m can accommodate a Panamax class vessel (75,000 DWT).

Goodwill messages

Meanwhile, Chairman of China Harbour Engineering Company, CHEC, the project construction company,Tang Qiaoliang, said that the completion and commencement of operation of Lekki Deep Sea Port will improve the Nigerian port industry, easing the burden of cargo shipment flow, creating employments, and ultimately promote international trade in the nation.

Qiaoliang stated this at the official commissioning.

The CHEC Chairman explained that Lekki Port is the first deep sea port in Nigeria, a major trade hub in West Africa.

According to him, “Lekki Port is the first deep sea port in Nigeria, a major trade hub in West Africa. It will improve the Nigerian port industry, easing the burden of cargo shipment flow, creating employments, and ultimately promote international trade in the nation.

“As an international top-tier engineering contractor, investment operator, urban developer and ecological manager, CHEC insists to its philosophy ‘value-orientation’, commits itself to upgrading of ‘platform plus industrial leading’strategy.

“With such strategy, we see the opportunity in Nigeria, and believe in its potential.

“So we committed the adequate financial investments and essential technology, together with Nigerians in the construction and operation of the Port.

“Under the framework of the China Africa Forum and the Belt and Road Initiative, we look forward to establishing long-term strategic partnerships, in the infrastructure sector with the Federal Government of Nigeria.

“This will ultimately deepen the relations and cooperation between Nigeria and China, better serving the Nigerian people and its economy,” he noted.

Similarly, Chairman Tolaram, Mohan Vaswani in his goodwill message, commended both the State and Federal Government for their Corporation and dedication to the çompletion of the project.

Vaswani thanked President Mohammadu Buhari for “for creating an enabling environment for foreign investors to flourish in Nigeria.

“I must thank everyone who has been with us through thick and thin, Jending their support and encouraging us to make sure we deliver on this project. This kept us going even when it seemed there was no hope.

“Lagos State Government since the time of my good friend and brother, Asiwaju Bola Ahmed Tinubu’s government, through successive administrations up till the dynamic and hardworking Governor, Babajide Sanwo-Olu, has been with us forging a path together on this iconic project.

“At the Federal level and the parastatals, we have enjoyed strong cooperation from everyone.

“I also celebrate our partner, China Harbour Engineering Company for committing resources to the project which was a turning point for the project,” he noted.

Chairman Tolaram, Mr. Mohan Vaswani, in his address, said, “This Port being completed and commissioned is an important milestone for Tolaram and Nigeria and we are proud of our humble efforts to develop a world-class port in Nigeria.

“This significant milestone will definitely increase the economic well-being of Nigeria and its people and that is the mostimportantthing.

“This journey started in 2003 or so, when President Olusegun Obasanjo gave the approval for the port project to be developed. The journey has been challenging with so many hurdies but with God on our side, and the support of the President Buhari administration we have persevered and today we all have something to be proud of.

“Thank you Mr. President for creating an enabling environment for foreign investors to flourish in Nigeria. I must thank everyone who has been with us through thick and thin, lending their support and encouraging us to make sure we deliver on this project. This kept us going even when it seemed there was no hope.

“Lagos State Government since the time of my good friend and brother, Asiwaju Bola Ahmed Tinubu’s government, through successive administrations up till the dynamic and hardworking Mr. Governor, Babajide Sanwo-Olu, has been with us forging a path together on this iconic project.”

Chairman Lekki Deep Sea Port

The chairman of Lekki Port, Mr Biodun Dabiri, had earlier said: “From what I can see, in the next four to five years, the economy of the Lekki environs would be worth $25 billion which translates to N10 trillion – an investment amount almost similar to the whole budget of Nigeria.

“I can tell you that if we focus on this axis alone, the ranking of Lagos as one of the largest economies in Africa would be better; we could move from the 4th to 3rd, 2nd and eventually Number 1.”

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Update : Locomotive Detachment Triggers Abuja–Kaduna Train Incident, NSIB Investigates

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By Sotayo Olayinka
MAR 16, 2026

The Nigerian Safety Investigation Bureau (NSIB) has commenced an investigation into a railway incident involving a passenger train operating along the Rigasa–Idu rail corridor after a locomotive detached and struck the rear of the train.
The incident occurred about 09:16 a.m. along the Jere–Asham section of the corridor near Asham Station in Kaduna State. The track segment where the occurrence took place lies on a downward gradient.
The train, identified as KA2, had departed Rigasa Railway Station in Kaduna at the start of its scheduled journey to Idu Railway Station in Abuja. The service operates within a scheduled window of 07:15 a.m. to 10:01 a.m.
According to details released by the Bureau, the train arrived at Jere Station at 08:52 a.m. and departed again at 08:59 a.m. for the onward journey to Abuja after a rear locomotive was attached to provide additional operational support.
However, shortly after departure from Jere, the rear locomotive became detached while the train was moving along the descending gradient toward the Asham section. The detached locomotive subsequently rolled forward and collided with the rear portion of the train, resulting in a serious operational occurrence.
At the time of the incident, the train consisted of two locomotives positioned at the front and rear, one power car, two business-class coaches and six standard passenger coaches. A total of 429 passengers were onboard, alongside 46 crew members and 24 security personnel assigned to the service.
No fatalities were recorded, though some passengers sustained injuries. Personnel from the Nigerian Railway Corporation (NRC), supported by onboard security operatives, immediately activated emergency response procedures.
Medical personnel provided first aid to injured passengers.
Following the incident, the train continued its journey and arrived at Idu Station in Abuja about 10:39 a.m., where additional assistance was provided to passengers.
Investigators from the NSIB have since begun gathering evidence and conducting technical analysis to determine the circumstances surrounding the occurrence.
The investigation will examine technical, operational and infrastructure-related factors, including train configuration, locomotive attachment systems, operational procedures and relevant operational data.
Commenting on the incident, Director-General of the Bureau, Alex Badeh Jr., expressed concern for affected passengers and reaffirmed the agency’s commitment to determining the cause of the occurrence.
“This incident reminds us that every transport journey carries the trust and expectations of hundreds of people who rely on the system to move them safely to their destination.
Our thoughts are with the passengers who sustained injuries, and we commend the swift response of Nigerian Railway Corporation personnel and emergency teams who assisted those affected.
“At the Bureau, we approach every investigation with a deep sense of responsibility because behind every occurrence are real people, real families, and real consequences.
“Our team will carefully examine every relevant factor to understand what happened and to ensure that the lessons from this occurrence lead to safer railway operations across Nigeria”, he said.
The Bureau said it will work closely with the Nigerian Railway Corporation and other relevant agencies as the investigation progresses, adding that further updates will be provided as more information becomes available.

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Update : Abuja–Kaduna Train Mishap: NRC Confirms Incident, Injured Passengers Hospitalised

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Newsthumb had earlier reported that some passengers were left stranded on Monday morning after an Abuja-bound train from Kaduna was involved in a collision with another train along the rail corridor, forcing an immediate suspension of operations.

The Nigerian Railway Corporation (NRC) has officially confirmed a train incident occurring on the Abuja-Kaduna rail corridor on Monday morning.

Newsthumb earlier reported that hundreds of passengers were left stranded on Monday morning after an Abuja-bound train from Kaduna was involved in a collision with another train along the rail corridor, forcing an immediate suspension of operations.

But in a press statement signed by the Managing Director/CEO, Dr. Kayode Opeifa, the corporation described the event as an “avoidable incident” that took place at approximately 10:30am near Asham.

According to the NRC, the mishap involved a rear locomotive and a passenger coach.

He added that preliminary investigations suggest that the collision was not a head-on crash with a separate train, but rather a mechanical failure within the same service.

“Preliminary reports indicate that the rear locomotive made contact with the rear immediately next to it due to a coupling issue,” the statement read.

While the impact caused panic among the hundreds of passengers on board, the NRC confirmed that no fatalities were recorded. However, an unspecified number of passengers sustained various degrees of injuries.

The statement partly read: “Some passengers sustained injuries and were promptly attended to and taken to a nearby medical facility for proper medical care. No fatalities were recorded.

“Emergency response protocols were immediately activated, and relevant technical teams have been mobilized to the location. The Safety Investigation Bureau (SIB) is also on site to conduct a thorough investigation into the incident in line with established safety procedures.

“The Corporation assures the public that safety remains its top priority, and all necessary measures are being taken to address the situation and ensure the continued safe operation of train services.”

This official confirmation follows chaotic scenes reported earlier today by passengers who were forced to wait in the middle of the rail corridor. While initial reports from the scene suggested a “clash” between two separate trains, the NRC’s clarification points to a critical failure in the train’s internal coupling system—the mechanism that links the locomotive to the passenger cars.

“We were moving at a steady pace when there was a loud bang and the train suddenly braked,” said one passenger via a social media update. “We later realised we had hit another train on the same track. Everyone is shaken, but we are waiting for official word.”

 

 

 

 

 

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Update : FG, States, LGs Share N1.894trn February Revenue from Federation Account

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The Federation Account Allocation Committee (FAAC) has shared a total of N1.894 trillion among the three tiers of government as federation allocation for February 2026.

According to a statement issued on Friday by the Federal Ministry of Finance, the distribution was made from a gross revenue of N2.230 trillion generated during the month.

From the amount shared, the Federal Government received N675.086 billion, the 36 states received N651.525 billion, while the 774 local government councils got N456.467 billion. Oil-producing states also received an additional N110.949 billion as derivation revenue, representing 13 per cent of mineral proceeds.

The statement further disclosed that N77.302 billion was paid to revenue-generating agencies as the cost of collection, while N259.078 billion was allocated for transfers, interventions and refunds.

The ministry explained that gross revenue from Value Added Tax (VAT) for February stood at N668.450 billion, compared to N1.083 trillion distributed in the preceding month, indicating a decline of N414.710 billion.

From the VAT revenue, N26.738 billion was deducted as cost of collection, while N22.593 billion was set aside for transfers, interventions and refunds.

The remaining N619.119 billion was shared among the three tiers of government, with the Federal Government receiving N61.912 billion, the states N340.515 billion and local government councils N216.692 billion.

Similarly, the gross statutory revenue of N1.561 trillion recorded in February was lower than the N1.957 trillion received in the previous month, representing a decrease of N395.138 billion.

From the statutory revenue, N50.564 billion was deducted as cost of collection, while N236.485 billion was allocated for transfers, interventions and refunds.

The balance of N1.274 trillion was distributed as follows: the Federal Government received N613.174 billion, states got N311.010 billion, and local governments received N239.776 billion, while N110.949 billion was allocated as derivation revenue to oil-producing states.

New tax regime designed to boost growth, ease burden on Nigerians — Experts
The ministry noted that revenue from oil and gas royalty as well as excise duty recorded significant increases during the period.

However, it added that collections from Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties (SDT) and Value Added Tax (VAT) declined substantially during the month under review.

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