Expert Hails Tinubu’s Vision as Lekki Deep Sea Port Paves Way for Economic Growth, Stronger Naira

Lagos, Nigeria – The commissioning of the Lekki Deep Sea Port under President Bola Tinubu’s administration has been heralded as a transformative step toward boosting Nigeria’s economy and enhancing the value of the Naira. Logistics experts have lauded the initiative, forecasting significant economic gains and improvements in Nigeria’s maritime capacity.

Mr. Adeniyi Adeoye, Chief Operating Officer of Crystal Haulage Support Services (CHSS), praised the port while speaking with journalists during his courtesy visit to the Port Manager, Mr. Emmanuel Anda, who took him round to see the state-of-the-art equipment and facilities available at new Lekki Port. He emphasized that the new infrastructure will greatly enhance Nigeria’s maritime industry, easing the burden on existing ports and positioning the country as a regional trade hub.

“Lekki Port is a major breakthrough for the country’s logistics and trade sectors,” said Adeoye. “It is set to alleviate congestion at other ports, cut down on waiting times, and drastically reduce costs for businesses. This, in turn, will elevate Nigeria’s capacity to handle cargo and promote smoother trade facilitation.”

The port, which is one of the largest in West Africa, is expected to have a ripple effect on the economy. According to Adeoye, the Lekki Port will attract foreign investments, stimulate economic growth, and create vast employment opportunities. “The port will generate thousands of jobs, directly and indirectly, providing much-needed employment across various sectors,” he added.

The impact on Nigeria’s currency is another key advantage. Adeoye explained, “With the port boosting exports and foreign exchange earnings, the Naira will be strengthened. The facility will play a crucial role in stabilizing the currency, reducing inflation, and increasing the global competitiveness of Nigerian goods.”

Beyond the immediate economic benefits, the project is seen as a reflection of President Tinubu’s broader strategy to modernize Nigeria’s infrastructure and diversify the economy. “This port is part of a larger vision to reduce the country’s reliance on oil, improve the business environment, and stimulate growth in non-oil sectors,” Adeoye stated.

Experts agree that the Lekki Deep Sea Port is a strategic asset that will shape Nigeria’s future in global trade. The facility is expected to significantly enhance the country’s standing in the global market, making it a vital component of Nigeria’s economic growth agenda.

“President Tinubu’s leadership is steering Nigeria toward a new era of economic prosperity,” Adeoye concluded. “The Lekki Port is a cornerstone of that vision, unlocking immense potential for the country’s industrial and commercial sectors.”

Leave a Reply

Your email address will not be published.