Connect with us

Headlines

Buhari commissions, hands over $1.5 billion Lekki seaport to Tolarams Group for 45 years

The Eyewitness reporter
After about two years of construction, the modern Lekki deep seaport was commissioned today Monday, January 23rd, 2023 by President Mohammad Buhari.
The smart seaport, which construction officially commenced on June 15th, 2020 was billed to be completed by October 2022 while its commissioning was slated for today, Monday, January 2023.
Constructed by China Harbour Engineering LFTZ Enterprises(CHELE), a subsidiary of China Harbour Engineering Company, the port is reputed to be the deepest in Nigeria and one of the deepest in West Africa with a draft depth of 16.2metres in-depth and annual cargo tonnage of four million tons and annual container volume of 2.5million teu.
Prior to today’s commissioning, the Nigerian Ports Authority(NPA) berthed a CMA-CGM container vessel to the port. The vessel is reputed to be one of the largest container vessels in the world which is about 400 metres long and could carry up to 20,000 containers.
The port is also expected to be connected to an $800m railway which is expected to be built to evacuate containers from the port.
Sources claimed the private funders will bankroll the railway project as the seaport will eventually be handed back to the Federal government for ownership after the private developers have exhausted their rights to the place. This would increase the revenue base of Nigeria and Lagos.
The facility was constructed by the Tolarams Group.
The port was constructed on Build, Own, Operate and Transfer(BOOT) basis for 45 years before it would be transferred to the federal government through the Nigerian Ports Authority(NPA) after the funders must have recouped their investments.
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.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

Headlines

Tompolo pays glowing tribute to Wike on his 58th birthday.

Funso OLOJO 
High Chief  Government Oweizide Ekpemupolo, popularly known as Tompolo, has eulogised the uncommon courage, resilience and unwavering sense of duty of Barrister Nyesom Wike, the Minister of Federal Capital Territory(FCT), describing these attributes as those that align with the Tantita’s objectives and work ethic.
Tompolo, the Chairman of Tantita Security Services Nigeria Limited, make this observation in his message to Wike on his 58th birthday, where he paid a glowing tribute to the FCT Minister.
According to him, Wike’s  public life is a reflection of courage, conviction and an unwavering sense of duty.
Tompolo said Wike’s journey through public service—marked by legal brilliance, political audacity and firm decision-making—has consistently demonstrated that true leadership is defined by impact, not rhetoric.
He noted that from Wike’s formative years in public administration through his tenure as Governor of Rivers State and now as FCT Minister, his performance has remained anchored on results, resilience and a relentless commitment to public good.
“In the Federal Capital Territory, your presence is already being massively felt.
” The renewed focus on infrastructure, order, and accountability speaks to a hands-on leadership style that understands Abuja’s symbolic and practical importance to Nigeria’s unity and governance,” Tompolo said.
The TSSNL founder commended Wike for recognising the intrinsic connection between security, development and national stability, stressing that the minister’s insistence on law, order and institutional discipline aligns strongly with Tantita’s mission of protecting critical assets and fostering a safe environment for sustainable growth.
He added that Wike’s reputation as “Mr. Project” was well-earned, given his consistent record of performance and the courage to take difficult decisions when duty demanded it.
“In moments that demand firmness, you have chosen responsibility over convenience, standing by your convictions even when the path was difficult,” he said.
Tompolo prayed for renewed strength, sharper vision and continued success for the minister as he marks another year, expressing confidence that Wike’s service would continue to leave a lasting imprint on national development.
“Please accept my sincere best wishes for good health, wisdom, and continued success. May the years ahead bring fulfilment and further contributions to the progress and unity of Nigeria,” he added.
Continue Reading

Headlines

Nigeria denies ownership of detained vessel

VLCC SKIPPER
Funso OLOJO 
 The management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has clarified the status of a tanker vessel, MT SKIPPER, currently intercepted and detained by the United States Coast Guard(USCG) over alleged oil theft and other transnational crimes.
According to the statement from the Nigeria’s maritime industry apex regulatory agency, the vessel , Very Large Crude Carrier,is not a Nigerian – flagged vessel while its purported owners, Thomarose Global Ventures Limited, are not registered with NIMASA as a shipping company.
“An analysis of the vessel’s movement, monitored through the Agency’s Command, Control, Communication, Computers and Intelligence (C4i) Centre, shows that the vessel was last sighted in Nigerian waters on 1st July 2024.

“After departing Nigerian waters, the vessel continued on its international voyage pattern and was tracked operating in the Arabian Sea (Asia) and later in the Caribbean region, where the U.S. interdiction eventually took place.

“Records indicate that SKIPPER which was formerly owned by Triton Navigation Corp, has undergone multiple name changes over time.

“The Director General of NIMASA, Dr. Dayo Mobereola, reaffirmed the Agency’s commitment to collaborate with all relevant stakeholders, including U.S. authorities, in the ongoing investigations. He emphasized that criminality will not be tolerated in Nigerian waters” NIMASA stated in a public statement.

Continue Reading

Headlines

Adeniyi, Akutah, Fakolade, Warredi, Maiwada headline 10th anniversary of seminar for maritime journalists in Lagos 

Funso OLOJO 
First Mediacon media group, the convener of the annual seminar for maritime journalists, has lined up an array of industry’s stakeholders to sharpen the intellectual capacity of maritime journalists at this year’s workshop.
The annual event, which is the 10th edition this year, holds December 17th, 2025 in Lagos.
According to the organisers of the programme, the cream of the maritime industry have been lined up to engage the industry’s media in intellectual discussions that will deepen the knowledge of its practitioners in digital trade facilitation, regulatory efficiency and the economic reforms.
Key speakers at the event include the Comptroller- General of the Nigeria Customs Service, Adewale Adeniyi, the Executive Secretary of the Nigerian Shippers Council, Barrister Akutah Ukeyima who is expected to deliver the keynote address, Mr Tola Fakolade, Director of the National Single Window, Mr Warredi Eniosuoh, who is expected to chair the event and Deputy Comptroller of Customs and the National Public Relations Officer of the NCS, Abdullahi Maiwada.
Maiwada is expected to deliver a practical training on “Data Analysis for Effective Maritime Reporting”
According to Mr. Sesan Onileimo, CEO of First Mediacon Network Limited and convener of the seminar, “the past decade has proven that accurate, data-driven journalism is vital to the growth of the maritime economy.
“This platform empowers journalists with the tools to properly analyse reforms, interrogate investments and provide the business community with credible information.”
Now in its tenth year, the seminar has become a major business intelligence platform, equipping maritime journalists with the technical insight required to analyse policy decisions, market trends and operational performance within the nation’s blue economy.
Over the years, it has helped strengthen the information value chain that supports investment decisions across ports, logistics, shipping, and inland trade corridors.
This year’s edition comes at a time when Nigeria’s maritime economy is undergoing significant transformation, driven by digitalisation, regulatory restructuring and demand for greater operational transparency.
Marking a decade of consistent impact, the organisers reaffirm their commitment to strengthening the professional capacity of the maritime media, while promoting a more transparent, efficient and investment-friendly maritime environment.
Continue Reading

Trending