Lekki Port LFTZ Enterprise, the developer for Lekki deep seaport, has received the first US$60 million portion of a US$630 million loan from China Development Bank. The first installment of the loan is expected to push the pace of construction on the project. The construction works for Lekki deep seaport are underway and 50% of the 1,900-meter main breakwater works are completed. The company is aiming to open the port before the end of 2022.

Lekki Port LFTZ Enterprise is owned by China Harbour and Tolaram Group. The development is implemented on a finance-build-operate basis with a 45-year concession agreement.