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Economy / Nigeria

New Electoral Act Signed Into Law

August 2010 | Ratings Update

Construction of the new deepwater container port at Lekki in Nigeria is expected to start in the first quarter of 2011. The proposed port is located 65km east of Lagos and the construction will begin once the government finalises the selection of contractors. More than 30 contractors have shown interest in the construction of the 500ha port.The port is designed to accommodate container ships with a capacity of up to 8,000 twenty-foot equivalent units (TEUs) and liquid bulk vessels of up to 160,000 deadweight tonnage (dwt). Contractors have until September 2010 to submit their bids, and the selection procedure is due to be completed by the end of 2010.

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