According to an expert, the recently completed $1.5 billion Lekki Deep Sea Port will encourage competition and result in less expensive services for Nigerians.
One of West Africa’s largest deep sea ports is the Lekki Port. The government of Nigeria expects to get $361 billion in revenue from it, and the over 200,000 job openings it will create would benefit the country’s thronging young unemployment rate.
On Tuesday, Francis Omotosho, a senior forwarder in Nigeria and planner for multimodal transportation, indicated that the development has a favorable effect on the sector.
He said that the establishment of a state-owned seaport in Lekki will encourage competition and improve service performance within the industry.
“When you talk about the Lekki Deep Sea Port, it is the first private Port in Nigeria, all others are owned by the Federal Government.
“All over the world, there is a concept called the Lordland Port Ownership System, Government took over from the private sector but couldn’t manage it properly. Here the ports were concessioned to private companies.
“For the first time, we are having a State-owned port, which will aid competition between State and federal governments. And this will impact the sector positively.
“Dangote also has broken the jinx to have also flagged-off his own port in Lekki. The State government has stood up to their responsibility leading to serious competition. That is the beauty of the business sector.
“Because Lekki Deep Sea Port will want to give satisfactory services to its customers, soon, clients will abandon Tin Can Port, other ports if they aren’t doing enough.
“Nigerians will now have services rendered at a cheaper cost, we expect other State governments, private sector enabled ports to come on board also”, he stated.
With Nigerians eager for prices to be subsidized in order for its currency to regain some value, reports that services from the Lekki Sea Port will cheapen things, would come as some sort of relief for them.