For more financial news, go to the Nigeria has opened a billion-dollar, Chinese-built deep seaport in Lagos, which is expected to ease congestion at the country’s ports and help it become an African hub for transhipment, handling cargoes in transit for other destinations.
Many of Nigeria’s seaports, inherited from the British colonial administration, are no longer functional or operate below capacity. Currently, most commercial activity goes through the two in Lagos and two others in and around Port Harcourt, the nation’s oil capital, resulting in steady gridlock and logistics issues for imports and exports.
The new Lekki Deep Sea Port is 75 percent owned by the China Harbour Engineering Company and Singapore’s Tolaram Group, with the balance shared between the Lagos state government and the Nigerian Ports Authority.
Just sad 😔
They have the richest man in Africa, yet they chose to use the Chinese, sacrificing 75% ownership.
Same in South Africa
Run by a black government the proof is there a black government filled with greed only thinks about filling they pockets and run african countries into the grounds and see nothing wrong with it