Phase 2 of Lekki Deep Sea Port to Begin Soon

Phase 2 of Lekki Deep Sea Port to Begin Soon
Lagos Set for $240m Phase 2 Project – Sanwo-Olu
Lekki Port Expansion to Boost Trade, Investment and Logistics

Lagos State Governor, Babajide Sanwo-Olu, has announced that work on the second phase of the Lekki Deep Sea Port project will commence soon as the facility approaches its current operational capacity.

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Eko Hot Blog reports the governor made the disclosure during the Invest Lagos Summit 3.0, stating that the expansion will further position Lagos as a major maritime and logistics hub for West Africa.

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The first phase of the Lekki Deep Sea Port was developed at a cost of $1.1 billion, while the second phase is estimated at $240 million.

According to Sanwo-Olu, the impressive performance of the port since it commenced operations has created the need for additional capacity to accommodate growing cargo volumes and increasing trade activities.

“The Lekki Deep Sea Port is moving to Phase 2 because it is almost reaching the full potential of its installed capacity,” the governor said.

He explained that the expansion would enhance cargo handling operations, improve trade efficiency and strengthen Lagos’ position as a strategic gateway for regional and international commerce.

Sanwo-Olu also linked the project to opportunities presented by the African Continental Free Trade Area, noting that the agreement opens access to a market of more than 1.4 billion people with a combined Gross Domestic Product exceeding $3 trillion.

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The governor said the next phase of the port is expected to attract fresh investments into the maritime, logistics and industrial sectors while improving supply chain connectivity across Africa and beyond.

Also speaking, Wang Qiang, Managing Director of Lekki Port, described the planned expansion as a significant milestone for the facility.

He noted that the additional investment would increase operational capacity, improve logistics efficiency and strengthen the competitiveness of the port.

Qiang attributed the success of the project to the Lagos State Government’s infrastructure-driven policies and efforts to create an investor-friendly business environment.

He added that the expansion would attract more shipping lines, logistics operators and trade-related investments to Nigeria, further enhancing the country’s role in regional and global trade.