Lekki port is to be expanded to have a capacity of handling around 6 million TEUs of containers and a significant volume of liquid and dry bulk uncontainerized cargoes.
[3] The port is financed by private investors and a consortium of banks who have funded the project with $1.5 billion as of March 2021.
[5][6] Lagos State governor Sanwo-Olu promised on this occasion to expand the roads to the port to 6 lane highways.
[5] On 22 January 2023, a few hours before the official inauguration by President Buhari, the first commercial ship, the container freighter CMA CGM MOZART, docked at the port.
[18] The port's computerised system will allow container identification and clearance from the office, and human interaction will be minimal in the physical operations.
The additional revenue for the Nigerian state through taxes, levies and royalties is estimated at $201 billion.
[19] A directive from President Buhari (who will, however, leave office at the beginning of 2023) provides for the deep-sea port to be connected to the Nigerian rail network.
Bulk products are brought to storage areas, such as silos and warehouses, via covered conveyor systems.
[22] On July 1, 2022, the first ship, "Zhen Hua 28" from Hongkong, docked at the deep sea port of Lekki.
[14][15] Other West African countries, such as Chad, Mali, Niger and Cameroon, have already shown interest in handling their imports and exports through the deep sea port of Lekki.
[14][15] The port started commercial operations in April 2023, though the slowdown in the Nigerian economy negatively affected initial volume of import and export containers.