Lagos State Governor Babajide Sanwo-Olu has announced that development work on Phase 2 of the Lekki Deep Sea Port will commence soon, a move aimed at strengthening Lagos State’s position as West Africa’s leading maritime and logistics hub.
- +Lagos to begin Lekki Port Phase two development soon — Sanwo-Olu
Sanwo-Olu made the announcement at the Invest Lagos Summit 3.0 held on Tuesday where he highlighted the state’s ongoing investments in infrastructure to drive regional trade and economic growth.
Sanwo-Olu made the announcement at the Invest Lagos Summit 3.0 held on Tuesday where he highlighted the state’s ongoing investments in infrastructure to drive regional trade and economic growth.
According to the governor, the rapid growth of the Lekki Deep Sea Port has accelerated plans for its expansion, with the facility already nearing the limits of its installed capacity.
“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 said.
He added that the port expansion forms part of a broader infrastructure agenda already being implemented across the state.
“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,” he said.
The governor noted that the second phase of the project is expected to significantly boost cargo-handling capacity, enhance maritime trade, and strengthen Lagos’ role as a gateway to the African market under the AfCFTA framework.
Also speaking, Managing Director of Lekki Port, Wang Qiang, commended the Lagos State Government for maintaining a stable and investment-friendly environment that continues to attract long-term private sector investment.
“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 commencement of Phase 2 as a major milestone in the port’s development journey.
“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,” he added.
Qiang noted that the expansion will improve logistics efficiency along the Lekki corridor, increase operational capacity, and attract additional global shipping and logistics investments.
The planned expansion aligns with Nigeria’s broader trade facilitation objectives and is expected to support growing regional and international shipping demands while reinforcing Lagos’ position as a key commercial and maritime gateway on the continent.
