Lekki Port Nears Capacity as Lagos Moves Ahead with Phase 2 Expansion

Lagos State Governor Babajide Sanwo-Olu has announced that development work on Phase 2 of the Lekki Deep Sea Port will commence soon as the facility nears its installed capacity.

The first phase of the Lekki Deep-sea Port is valued at US$1.1 billion while the second Phase is put at

US$240 million.

Speaking at the Invest Lagos Summit 3.0 in Lagos, the governor said the expansion would strengthen the state’s position as West Africa’s leading maritime and logistics hub while supporting increased cargo volumes generated by regional and international trade.

Sanwo-Olu attributed the planned expansion to the strong performance of the port since operations began, noting that rising throughput has accelerated the need for additional capacity.

He said the project aligns with opportunities created by the African Continental Free Trade Area (AfCFTA), which provides access to a market of more than 1.4 billion people with a combined GDP exceeding $3 trillion.

“The Lekki Deep Sea Port is moving to Phase 2 because it is almost reaching the full potential of its installed capacity,” the governor said.

According to him, the expansion will boost cargo handling capacity, improve trade efficiency and enhance Lagos’ role as a gateway for African and global commerce.

The development is also expected to attract fresh investments into the maritime, logistics and industrial sectors while improving connectivity across regional and international supply chains.

Managing Director of Lekki Port, Wang Qiang, described the commencement of Phase 2 as a major milestone that would expand operational capacity and improve logistics efficiency along the Lekki corridor.

He credited the Lagos State Government’s infrastructure-led policies and investor-friendly environment for creating the conditions necessary for long-term maritime investments.

Qiang said the expansion would strengthen the port’s competitiveness and attract additional shipping, logistics and trade-related investments to Nigeria.

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