Lekki Deep Sea Port 75% Own By China, 20% By Lagos State And 5% By NPA

Lekki Deep Sea Port

China Harbour Engineering Company and Tolaram Group, an international consortium led by Lekki Port Investment Holding Inc, hold 52.5 per cent and 22.5 per cent respectively. This is followed by 20 per cent ownership by the Lagos State Government and five per cent by the Nigerian Ports Authority.
In 2020, China Harbour Engineering Company, a subsidiary of China Communications Construction Company, made an equity investment of $221m in the project for 52.5 per cent ownership in Lekki Port.
In 2019, the company signed a $629m loan agreement with China Development Bank to provided the funding

READ ALSO  State House Clinic Never Used By President Gets Additional N394M Budget For 2023 
images 9 2

Recommended For You

About the Author: Akelicious

Leave a Reply