With major infrastructural projects such as Lekki Deep Seaport, the Ibeju-Epe Expressway and the Dangote Refinery and Petrochemical Park set for completion over the next 2 years, the Ibeju-Lekki region is en-route to establishing itself as a major hub of industrial and commercial activity.
Dangote Group’s Refinery and Petrochemical Park, which is planned to open in 2018 is located within the Lekki Free Trade Zone. The Lekki Free Trade Zone was established through a joint venture between China Africa Lekki Investment Ltd (CALIL), Lagos State Government (LASG) and Lekki Worldwide Investment Ltd. This team will develop, operate and manage the Lekki Free Zone project.
Dangote’s refinery will have the capacity to refine 650,000 barrels of crude oil on a daily basis. According to the NNPC, four of Nigeria’s refineries in Port Harcourt, Kaduna and Warri currently have a combined installed capacity of 445,000 barrels per day.
The $1.65 billion Lekki Deep Seaport, which is projected to be the deepest seaport in Sub-Saharan Africa, is slated to commence operations in early 2019. The current capacity shortfall for container terminal facilities in Lagos is estimated to be 0.8 million TEUs in 2016, going up to 5.5 million TEUs in 2025. The Lekki Deep Sea port, which is located at the heart of the Lagos Free Trade Zone (LFTZ) will have a project capacity of 2.7 million TEUs per annum.
A development and construction activity of the Lagos Free Trade Zone is being undertaken by Lagos Free Trade Zone Company. This port will be operated by the Lekki Port LFTZ Enterprise.
Nearby, estates will support this commercial growth through the delivery of housing units and serviced plots of land. More residential developments are expected in the region as the infrastructure projects outlined above move closer to completion.
Dangote’s refinery will have the capacity to refine 650,000 barrels of crude oil on a daily basis. According to the NNPC, four of Nigeria’s refineries in Port Harcourt, Kaduna and Warri currently have a combined installed capacity of 445,000 barrels per day.
The $1.65 billion Lekki Deep Seaport, which is projected to be the deepest seaport in Sub-Saharan Africa, is slated to commence operations in early 2019. The current capacity shortfall for container terminal facilities in Lagos is estimated to be 0.8 million TEUs in 2016, going up to 5.5 million TEUs in 2025. The Lekki Deep Sea port, which is located at the heart of the Lagos Free Trade Zone (LFTZ) will have a project capacity of 2.7 million TEUs per annum.
A development and construction activity of the Lagos Free Trade Zone is being undertaken by Lagos Free Trade Zone Company. This port will be operated by the Lekki Port LFTZ Enterprise.
Nearby, estates will support this commercial growth through the delivery of housing units and serviced plots of land. More residential developments are expected in the region as the infrastructure projects outlined above move closer to completion.
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