States Urged to Adopt Lekki Model Before Investing in Deep Seaports

Maritime and economic experts have urged coastal states planning deep seaports to study the Lekki Deep Sea Port model before committing public funds. They said the port’s public-private partnership structure, BOOT concession and location in a free-trade zone offer lessons for sustainable port development. Several projects are being proposed in Lagos, Ogun, Ondo, Akwa Ibom, Rivers, Cross River, Bayelsa and Delta. Experts warned that approvals and groundbreaking ceremonies are not enough, as projects require viable cargo demand, investor confidence, clear agreements and long-term operating plans. Concerns were raised over delays affecting the Ibom and Bakassi deep seaport projects. Analysts advised states to resolve land and community disputes early, avoid excessive borrowing, and consider specialised petroleum, fishing, mining or tourism ports where a full deep seaport may not be commercially viable. They added that new ports should be built to meet actual economic needs, create jobs and expand trade, rather than serve as prestige projects that may later be abandoned.

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