News

March 25, 2015

Promoter flays Fashola over FG’s contribution to Lekki port

By Ifeyinwa Obi

Allegations levelled against the Federal Government by Lagos State Governor, Raji Fashola over the fate of the Lekki Deep Seaport project has been described as false.

Twice this year, Fashola had accused President Goodluck Jonathan-led Federal Government of failure to pay its counterpart fund of $117 million towards the actualization of the project.

But promoters of the project have said that  the governor’s allegation was a lie, stating that the Federal Government, through the Nigerian Ports Authority, NPA,  has been faithful in its equity contribution towards building the port.

“NPA is a regulator and equity partner in the project. The equity part of Lagos State has been fully paid and the NPA is contributing their equity,” Managing Director of Lekki Deep Seaport, Haresh Ascoani, said yesterday, during a visit by the Managing Director of NPA, Mallam Habib Abdullahi to the facility.

Ascoani said the deep seaport project would transform the Lekki Free Trade Zone into a new industrial city in Nigeria when it becomes operational.