Lekki Deep Sea Port Expansion Sparks $2B Investment and Industrial Boom

Lagos has announced Phase 2 of the Lekki Deep Sea Port, taking total investment to nearly $2 billion. The project will expand cargo capacity, introduce advanced automation, and strengthen links with the Dangote Refinery. It will support future rail connections and transform Lekki into a West African logistics and industrial hub. The upgrade could create hundreds of thousands of jobs and attract new businesses to the region. Property markets along the Lekki–Ibeju corridor may see rising demand for housing and commercial space. Emerging locations that are affordable today could become premium hotspots tomorrow. We break down the key points for commuters, businesses, and property investors. Do you think Lekki is on its way to becoming Nigeria’s economic capital, or is the hype premature? Share your thoughts.

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