Here are the Largest Developments in Lekki Free Trade Zone

In 2016, we profiled 3 major projects  under construction within Ibeju Lekki that were set for completion in the years ahead. These projects included: the Dangote Group’s refinery and Petrochemical park, the Lekki Deep Sea Port, and the Ibeju Lekki-Epe Expressway.

Fast forward to 7 years later, we are excited to see that the Dangote Group’s Refinery and Petrochemical Park and the Lekki Deep Sea Port are scheduled for completion this year.

As highlighted in our previous article, these projects will support commercial growth and encourage even more property development in Ibeju Lekki.  In addition, the Refinery and Petrochemical Park is expected to to meet all Nigeria’s needs for refined products with a surplus for exports.

An additional project that has also been completed is the Dangote Fertiliser Plant, which was commissioned on March 22, 2022. The plant cost $US 2.5 billion and occupies 500 hectares of land thereby making it the largest granulated urea plant in Africa and second largest in the World according to Aliko Dangote, CEO of Dangote Industries Limited. The project team included Sapiem as its Main Contractor, a renowned engineering company with major projects in the engineering and infrastructure sectors.

 Below is a brief update on the projects, their updated completion dates, and capacities:

• The Dangote Group’s refinery and Petrochemical park

Start date: 2016

Expected Completion date: Q3: 2022

Sponsor: Dangote Industries Limited

Capacity: 650,000 barrels of crude oil per day

 

Dangote Refinery

 

• Lekki Deep Sea Port

Expected Completion date: Q3: 2022

Sponsors: China Harbour Engineering Company Limited, Tolaram Group, Lagos State Government, Nigeria Ports Authority 

Capacity: 2.7 million TEUs (Twenty ft equivalent unit) per annum

Lekki Deep Sea Port

 

• Ibeju Lekki-Epe Expressway

Start date: Q4: 2020

Expected Completion date: Q1:2022 according to the Lagos State Government as stated at the beginning of the project. However, we don’t expect this to be the case due to delays.

Sponsor: Lagos State Ministry of Works and Infrastructure

Length: 18.75 kilometres

Ibeju-Lekki-Epe Expressway project board

 

• The Dangote Fertiliser Plant 

Completion date: Q1:2022

Sponsor: Dangote Industries Limited

Capacity: 3 million metric tonnes per day

Dangote fertiliser plant

 

Overall, the completion of these different projects is expected to positively affect the GDP of the country by reducing imports and increasing exports. This can be seen from their expected outputs; the fertiliser plant adds 3 million metric tonnes of fertiliser daily, the refinery adds 650,000 barrels of crude daily, and the deep sea port would aid exports and imports with 2.7 million TEUs per annum. 

We love your feedback! Let us know your thoughts about these projects located in Ibeju-Lekki by sending an email to [email protected].