Connect with us

news

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

Published

on

…..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.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

news

Update : Mambilla: Nigeria Wins $2.35bn ICC Arbitration, Tinubu Hails Buhari, Obasanjo

Published

on

The International Chamber of Commerce tribunal in Paris has ruled in favour of Nigeria in the arbitration brought by Sunrise Power and Transmission Company Limited over the Mambilla Hydroelectric Power Project in Taraba State.

President Bola Tinubu, in a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, said the tribunal rejected the claims by Sunrise.

The company had sought $680m from Nigeria as a settlement sum and interest in relation to a separate arbitration in which it is claiming more than $2.7bn in compensation and interest over disputes surrounding the development of the 3,960-megawatt Mambilla project.

However, the tribunal, as reported by The Cable, also dismissed Sunrise’s claim for $400m arising from the 2020 settlement agreement, according to the details of the award reported on Thursday.

It further ordered Sunrise and its promoter, Leno Adesanya, to reimburse Nigeria 75 per cent of its legal fees and expenses, amounting to $11.82m.

The tribunal also reportedly declared that Adesanya was bound by the arbitration agreement with Nigeria under the settlement agreement and its addendum and that it had jurisdiction over Nigeria’s counterclaim against him and his firm.

In the statement, Tinubu said the ruling demonstrated the government’s determination to defend the country’s interests.

“This latest decision affirms the Nigerian State’s determination not to succumb to predatory and exploitative claims by corrupt local and international entities and their enablers and funders,” he said.

The President commended the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, and officials of the Federal Ministry of Justice for their role in the case.

He also commended former President Olusegun Obasanjo and the late former President Muhammadu Buhari, who testified in the arbitration.

“I also commend the FRN defence team, led by Ms Elizabeth Oger-Gross and Mr Tolu Obamuroh, both of Paul Hastings LLP, for their professional and excellent defence of the country.

“I commend the patriotism and support of former President Olusegun Obasanjo, GCFR, and late President Muhammadu Buhari, GCFR, who testified in the case, which dated back to an illegal 2003 contract to build a 3,050-megawatt hydroelectric plant in Taraba State under a build-operate-transfer model.

“The Federal Executive Council never authorised the contract. I thank the other witnesses in this case, including former Ministers Babatunde Raji Fashola, SAN, and Suleiman Adamu, and the experts, for their active participation in defending Nigeria’s interest in the arbitration,” the statement read.

“I want to assure you that while our country remains committed to partnering with genuine investors and honouring its legal obligations, it will continue to defend all opportunistic claims instituted against our commonwealth strongly.

“Today’s ICC ruling clears the single biggest legal hurdle that has paralysed the Mambilla hydro power project for years,” Tinubu said.

The dispute dates back to an agreement under which Sunrise claimed it had been awarded the contract to construct the Mambilla project.

The company commenced arbitration against Nigeria at the ICC International Court of Arbitration in October 2017, seeking about $2.354bn over an alleged breach of contract.

The parties later entered into a settlement agreement in 2020, under which Nigeria was to pay Sunrise $200m.

A subsequent dispute arose after the government did not make the payment, leading to another arbitration in which Sunrise sought $400m, comprising the $200m settlement sum and a $200m default payment.

In Thursday’s award reported by The Cable, the tribunal rejected Sunrise’s claim that Nigeria had breached its obligations under the settlement agreement and its addendum.

It also rejected the company’s demand for the $400m settlement and default sums.

The Cable reported that the tribunal fixed the arbitration costs at $1.6565m, with Sunrise and Adesanya responsible for 75 per cent and Nigeria for 25 per cent. Of the $11.82m in legal fees and expenses awarded to Nigeria, $2.5m is to be recovered from funds held in escrow by the ICC, while the remaining $9.32m is payable by Sunrise and Adesanya, with interest at 10 per cent annually, compounded annually, from notification of the final award until payment.

Continue Reading

news

Tinubu Tasks NIMC on 95% NIN Coverage Before December — Gbajabiamila

Published

on

President Bola Tinubu has urged the National Identity Management Commission (NIMC) to work towards achieving 95 per cent National Identity Number (NIN) coverage by December 2026.

The President gave the directive at the State House, Abuja, while delivering the keynote address at the 2026 National Identity Day celebration organised by NIMC.

He acknowledged NIMC’s excellent work so far, noting that National Identity Number (NIN) enrolment peaked at about 142 million, up from over 80 million Nigerians captured in the National Identity Database when he assumed office more than three years ago.

President Tinubu was represented at the event by his Chief of Staff, Hon. Femi Gbajabiamila. The event had the theme: “Nigeria’s digital public ecosystem: powering Africa’s digital economy.”

It was attended by the representative of Vice President Kashim Shettima, Senator Ibrahim Hadejia; the Secretary to the Government of the Federation (SGF), Senator George Akume; the Minister of Interior, Dr Olubunmi Tunji-Ojo; and the Minister of Education, Dr Tunji Alausa, amongst others.

President Tinubu said the target should be pursued through expanded ward-level enrolment, mobile registration initiatives and continued deployment of licensed enrolment networks. Government

The President noted that his administration’s vision goes beyond NIN coverage, stating that Nigeria “must build an identity system that is continuously useful, secure and responsive to the needs of Nigerians.”

“We are laying the foundations for a future of integrated digital services, including e-health records, e-transport systems and a more harmonised national data architecture.

“We must do this while protecting the rights, privacy and dignity of our citizens. The digital state must never become a state without accountability.

“Our commitment must therefore remain clear: innovation must be matched by responsibility. Efficiency must be matched by inclusion, security must be matched by trust. And digital transformation must ultimately improve the lives of ordinary Nigerians,” President Tinubu said.

The President, who commended the Director General of NIMC, Engr Abisoye Coker-Odusote, for a job well done over the past three years, called on Nigerians who have not obtained their NIN to do so, saying their NIN represents their connection to a modern Nigerian state.

Tinubu also applauded this year’s National Identity Day theme as very important, saying “Nigeria’s digital ecosystem must power Nigeria’s digital economy–and Nigeria’s digital economy must help power Africa’s.”

The President further said National Identity remains the engine room for the government’s Renewed Hope Agenda, noting that identity transformation is contributing directly to the government’s priorities.

“The NIMC ecosystem has created opportunities for thousands of Nigerians across the country. With more than 173 private companies, 30 state governments and 14 public sector institutions approved as licensed enrolment agents, the identity ecosystem is generating employment for enrolment officers, data professionals, supervisors, technology specialists and other support personnel. This is a digital infrastructure creating real economic opportunity,” he said. NigeriaNews Subscription

Speaking on the significance of national identity to Nigeria’s national security, President Tinubu said the two are linked, describing the connection as indispensable.

“A secure identity system is indispensable to a secure nation. By strengthening identity verification and enabling responsible information sharing across relevant government institutions, we are improving our capacity to combat identity fraud, financial crimes and other threats to national security.

“The ongoing collaboration among institutions, including the Nigeria Police Force, Nigeria Immigration Service, and the Economic and Financial Crimes Commission, demonstrates what is possible when government systems work together,” President Tinubu said. GeographicReference

The Minister of Interior, Dr Olubunmi Tunji- Ojo, also praised the Director General of NIMC for delivering excellent work with little supervision, saying she has shown appreciable leadership.

He said the President expected more from her and her team, adding that Nigerians need wider, easier, and more convenient access to identity services, including for Nigerians in the diaspora.

“We need more in providing a trusted national public key infrastructure and digital public infrastructure that support secure digital identity, authentication and electronic trust services, more in including a stronger foundation for Nigeria’s digital economy, digital governance and long-term national development,” Tunji-Ojo said. GeographicReference

The Director General of NIMC, Abisoye Coker-Odusote, in her remarks, commended President Tinubu and the Minister of Interior for their support, saying it has brought about a total transformation of Nigeria’s identity and existence.

She said, “Our reach tells its own story. Enrolments have grown from less than 100 million to over 142 million Nigerians and legal residents. The engine behind that growth is the ward-to-ward Enrolment Project, undertaken directly under Mr President’s initiative. NigeriaNews Subscription

“This project carried our officers into all 8, 8,809 boards of this Federation and mobilised the National Youth Service Corps members as adult enrolment officers in connection with front-end partners in communities that had never before hosted an enrolment desk.

“Alongside it, we launched the Self- Service Notification Platform, which has already processed close to two million record updates, turning a process that once took weeks in two communities into one that takes 24 to 48 hours directly from a citizen’s phone.”

Continue Reading

news

Anambra Debt Row: Presidency Questions Obi’s Record as Governor

Published

on

The presidential candidate of the Labour Party in the 2023 general election and a leading opposition figure ahead of the 2027 presidential election, Peter Obi.
The presidential candidate of the Nigeria Democratic Congress,

The Presidency has reacted to the ongoing dispute between former Anambra State Governor and presidential candidate of the Nigeria Democratic Congress, Peter Obi, and the state government over the state’s debts and financial liabilities.

Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, in a post on X on Wednesday, said Obi had claimed to have left Anambra without debt and challenged him to follow through on his pledge to quit the presidential race if his claim was disproved.

Bayo Onanuga. US
File: Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga.
Onanuga wrote, “Peter Obi claimed he left Anambra with a clean slate of debt and even threatened to quit the presidential race if his claims were proven otherwise.”

He added that the Anambra State Government had responded with claims concerning liabilities allegedly left by the former governor’s administration.

“Now, the Anambra government has confronted him with facts and figures showing he owed Water Corporation workers, teachers, and pension and gratuities, and had also borrowed for frivolous things,” Onanuga said.

“The ball is back in his court. Will he follow through on his threat by quitting the race?” he asked.

Anambra govt disputes Obi’s ₦2.13bn ecological fund claim
The reaction followed a fresh response by the Anambra State Government to Obi’s Tuesday denial of claims that his administration left behind inherited debts, including a ₦2bn ecological fund, contractor liabilities and unpaid salaries, gratuities and pensions.

Obi had said his administration cleared more than ₦35bn in historical gratuities and arrears and left office without outstanding salary, pension or gratuity obligations.

He also disputed the government’s claim concerning the ecological fund, saying more than ₦2.13bn was left untouched in a First Bank account for the Oko/Umuchiana erosion crisis.

Soludo
File: Governor Charles Soludo of Anambra State
However, in a statement on Wednesday, Anambra State Commissioner for Information and Value Reformation, Law Mefor, disputed Obi’s account, saying the account he identified was an Internally Generated Revenue Consolidated Revenue Account and not an ecological fund account.

Mefor said the government obtained a certified printout of the account and claimed that “from 2011 when the account was opened until date, there has never been any such amount—whether as inflow or balance—in the account.”

Obi had challenged anyone who could establish that his account of the state’s finances was incorrect, saying, “If anybody can establish anything to the contrary, I will stop campaigning.”

Continue Reading

Trending

Copyright © 2025 Newsthumb Magazine | All rights reserved