Lekki Port secures US$60m first tranche of loan facility from CDB

NIGERIA – Lekki Port LFTZ Enterprise Limited (LPLEL), has received the sum of US$60 million, which is the first instalment of the US$629 million loan facility from China Development Bank (CDB) for the construction of the Lekki Deep Sea Port. The US$629 million loan facility agreement with China Development Bank was signed in Lagos, Nigeria in 2019 to provide the funding for the deepest seaport in the sub-Saharan African region. The Managing Director, Lekki Port LFTZ Enterprise Limited, Du Ruogang stated that the first instalment of the loan facility was…

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