Investor Presentaiton
XCELLON
CAPITAL ADVISORS
PEOPLE + IDEAS + SOLUTIONS
Lagos ports gridlock and no attention to the Eastern ports.
The mess in Apapa and Tincan Island ports can be described as self-inflicted, arising from a
combination of wrong political strategy and policy summersault.
▸ The Nigerian government failed to develop the eastern ports at Port Harcourt and Calabar which
were created to reduce pressure on Apapa port.
Instead, a second port was built at Tin-Can, within the same vicinity, abandoning eastern ports that
would have offered quick, efficient and smoother service to importers and exporters from the South
East and the South South who are major patronisers of the Lagos ports.
BACKGROUND TO CURRENT
ECONOMIC/SOCIAL CLIMATE (2015-2022
IN REVIEW).
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