Nigeria opens new China-funded seaport in bid to drive economic growth

Nigerian President Muhammadu Buhari marked the opening of a US$1.5 billion, Chinese-funded deep seaport on January 23, 2023, in Lagos. Authorities expect the Lekki Deep Sea Port will help grow the West African nation’s ailing economy. The facility is 75 per cent-owned by Singapore-based Tolaram Group and Chinese state-owned China Harbour Engineering Company.