Public Private Partnership (PPP) as an anchor for diversifying the Nigeria economy: Lagos Container Terminals Concession
The Container Terminal Sector will continue to play a critical role in Nigeria’s growth and socio-economic development. The terminals serve as the gateway for the nation’s exports, playing a critical role in achieving the Government’s plan to diversify Nigeria’s revenue base.
Lagos is the commercial hub of the nation with 90% of the containerised cargo going through the Lagos ports. The Lagos container terminals are vital for the following reasons:
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Lagos is a state with the highest GDP per capita and highest population density in Nigeria
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The state is a highly urbanised commercial hub and nerve center of the nation
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70% of global seaborne trade is Containerised Cargo
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Strong historical growth in containerised cargo and positive prospects for the future
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Containerised shipping is an efficient means of sea transport.
